Canal Street Beat | New Orleans Real Estate News

Moody’s Downgrades City of New Orleans to Baa2 Amid Financial Challenges

February 11, 2026 • News • 695

Moody’s Investors Service has downgraded the City of New Orleans’ credit rating from A3 to Baa2. This decision, reported on February 5, 2026, stems from significant cash shortages linked to budget shortfalls initially identified in late 2025. The downgrade could increase borrowing costs and impact financing for both public infrastructure and private developments reliant on [&hellip
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Blue Bikes Nola Expands E-Bike Fleet Ahead of Mardi Gras

February 10, 2026 • News • 499

Blue Bikes Nola has significantly expanded its fleet with the addition of “hundreds” of pedal-assist e-bikes, a move confirmed by Blue Krewe just in time for the Mardi Gras season. This expansion aims to improve transportation flow and crowd management in New Orleans during the city’s peak parade days, while also broadening discounted access for [&hellip
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Winn-Dixie Phase II in Tremé Nears Completion

February 9, 2026 • News • 2483

The mixed-income development at the former Winn-Dixie site, located at 1431 St. Louis St. in Tremé, is progressing with its construction phase. The $26 million project, which consists of 45 residential units, has reached the final structural work stage. Developers are targeting an August 2026 completion date, with a topping-out ceremony planned for March 11. [&hellip
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New Orleans Allocates $2.8M from Entergy Penalty to Repair Street and Interstate Lighting

February 6, 2026 • News • 456

Mayor Helena Moreno and the City Council have unveiled a $2.8 million investment aimed at overhauling street and interstate lighting across New Orleans. This initiative, dubbed “Lights On,” is funded by remaining proceeds from a 2018 Entergy penalty, and it aims to reduce outages and deter crime by upgrading key infrastructure vulnerable to copper theft. [&hellip
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DoubleTree by Hilton New Orleans Completes $5M Renovation

February 5, 2026 • News • 478

The DoubleTree by Hilton New Orleans on Canal Street recently completed a $5 million renovation project, significantly enhancing the hotel’s offerings. The upgrades include all 367 guest rooms, the lobby, rooftop pool, and more than 16,000 square feet of meeting and event space. A ribbon-cutting ceremony, held in late January, marked the completion of this [&hellip
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Element Hotel Opens as First Phase of $90M Redevelopment at 1010 Common

February 4, 2026 • News • 849

The Element New Orleans Downtown by Marriott has opened its doors at 1010 Common St., marking the first phase of a significant $90 million office-to-hotel conversion project in downtown New Orleans. Managed by Bentley Legacy, the 216-room hotel includes 86 suites and features rooms ranging from 375 to 500 square feet. This opening represents an [&hellip
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Woodward Expands with New Gulf Coast Market Leader Appointment

February 3, 2026 • News • 531

Woodward Design + Build, a prominent New Orleans-based firm, has announced its expansion into Alabama and other Gulf Coast markets by appointing Wiley Blankenship as the Gulf Coast market leader. This strategic move comes with the creation of a new senior role aimed at increasing the firm’s regional capacity and competitiveness in industrial, infrastructure, and [&hellip
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Public Auction for Willows Apartments Draws No Bidders; Next Sale Set for March

February 2, 2026 • News • 469

A U.S. marshals’ foreclosure auction for the troubled Willows Apartments in New Orleans East took place on January 30, 2026, but failed to draw any bidders. With a starting price slightly over $5 million, the auction confirmed that the complex remains in limbo due to an $11 million loan default. A follow-up sale is scheduled [&hellip
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New Orleans City Council Imposes Moratorium on Data-Center Development

January 30, 2026 • News • 632

The New Orleans City Council has enacted a one-year moratorium on data-center development throughout the city. This decision, made during a special meeting on January 29, 2026, pauses a proposed facility on Read Boulevard in New Orleans East, which had drawn significant local opposition. The council also directed the City Planning Commission to define what [&hellip
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Long & Foster taps Lacey Conway as president

January 29, 2026 • News • 613

Long & Foster Real Estate has appointed Lacey Conway as president, effective with the Jan. 28, 2026 announcement. The brokerage, one of the nation’s largest and part of HomeServices of America, said Conway will work closely with Patrick Bain, CEO and president of The Long & Foster Companies, to drive growth, culture and agent support. [&hellip
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