Canal Street Beat | New Orleans Real Estate News

MCBANK Expands Downtown Headquarters with New Lease

July 12, 2026 • News • 329

MCBANK has taken an important step to expand its downtown New Orleans headquarters by executing a lease for additional office space. This move underscores the ongoing demand for corporate office space in the Central Business District (CBD). The expansion was reported by both Biz New Orleans and New Orleans CityBusiness within the past week. They [&hellip
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New Orleans City Council OKs 40-Year PILOT for Rivana Apartments

July 11, 2026 • News • 282

New Orleans City Council has approved a 40-year Payment-In-Lieu-Of-Taxes (PILOT) agreement for the Rivana Apartments, a $100 million, 220-unit mixed-income development in the River District. The vote, which took place on July 10, passed with a 6-1 majority, advancing a key phase of the River District’s housing plan linked to the Ernest N. Morial Convention [&hellip
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Homer Foundation Acquires Bohn Ford Building on South Broad for $8 Million, Giving Odyssey House Full Ownership of Its Renovated Landmark Home

July 10, 2026 • News • 332

The fundraising arm of Odyssey House Louisiana has purchased the former Bohn Ford building at 2700 S. Broad Street for $8 million, acquiring full ownership of a century-old landmark that the addiction treatment nonprofit has occupied since a nearly $18 million historic renovation was completed in 2019. The deal, finalized last week by the Homer [&hellip
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Terrytown Cafe to Close After 41 Years Following Building Sale

July 10, 2026 • News • 207

Terrytown Cafe, a longtime fixture on the West Bank in Jefferson Parish, will shutter its doors after 41 years. The closure comes as a result of the building’s sale, with the new owner choosing not to renew the cafe’s lease. This change underscores the impact of private property actions on local small businesses. The announcement [&hellip
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New Orleans Apartment Rents See Significant Uptick in June 2026

July 9, 2026 • News • 347

The New Orleans metropolitan area experienced its most significant one-month increase in apartment rents in more than two years during June 2026, according to a report by CoStar Analytics released on July 8. The data indicates a stronger pricing environment for landlords, driven by limited new supply and increased demand, particularly at the higher end [&hellip
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Warbler Hotel Targets Late Fall Opening at 1923 St. Charles, Bringing 58-Room Boutique Property and Cure-Backed Bar to Uptown Corridor

July 9, 2026 • News • 337

A six-story boutique hotel is taking shape on St. Charles Avenue at the corner of St. Andrew Street, where New Orleans-based developer Joe Mann’s firm, Verdad Real Estate, is converting the long-vacant site of the old Trolley Stop Café into a 58-room property called the Warbler. The hotel, slated to open in late fall 2026, [&hellip
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Gris‑Gris on Magazine Street to Close at End of July

July 8, 2026 • News • 345

Chef-owners Eric and Robyn Cook have announced that Gris‑Gris, their restaurant on Magazine Street in New Orleans’ Lower Garden District, will shut its doors permanently at the end of July 2026. The closure was publicized on July 6, marking the end of a seven-year run for the popular eatery situated at the historic corner of [&hellip
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Demolition Begins at Long-Blighted Lindy Boggs Medical Center, Clearing Way for $100M Mid-City Mixed-Use Project

July 8, 2026 • News • 330

Workers have started demolishing the former Lindy Boggs Medical Center in Mid-City, nearly two decades after the hospital flooded during Hurricane Katrina and never reopened. The first phase of work — removing steel coverings from the 13-acre building at 301 N. Norman C. Francis Parkway — got underway on July 7, the same day the [&hellip
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Demolition Begins at Clearview Mall as $100M Redevelopment Advances

July 7, 2026 • News • 362

Demolition crews have commenced work at Clearview Mall in Metairie, as the major $100 million Clearview City Center redevelopment project gains momentum. This initiative, led by Richards Clearview LLC, marks a significant step in transforming a key retail area within the New Orleans metro’s West Bank. The interior of the longstanding Clearview Mall is being [&hellip
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AJ Capital Replaces Common House With New Operator at 420 Julia, Ending Brand’s Last Remaining Outpost

July 7, 2026 • News • 415

The members-only social club at 420 Julia Street in the Warehouse District has a new operator and a new name. Effective June 30, Nashville-based developer AJ Capital Partners brought in Schulte Hospitality Group to manage the club, which has been rebranded as 420 Julia — a reference to its address — ending the Common House [&hellip
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