Canal Street Beat | New Orleans Real Estate News

The Francis Goes Vertical in Elmwood as 251-Unit Project Targets Spring 2028 Completion

October 31, 2026 • News • 69

Vertical construction is underway on The Francis, the five-story, 251-unit apartment building rising on the former Kmart parcel at Elmwood Center in Jefferson Parish. Crews broke ground on September 30, roughly four months after Lauricella Land Company closed the construction loan in late May. The project is targeting completion in spring 2028. Cost figures reported [&hellip
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Louisiana Formalizes New Tax Exemption Framework for Data Centers

October 31, 2026 • News • 67

Louisiana Economic Development (LED) finalized the Ratepayer & Community Protection Framework on October 29, 2026, transforming the state’s Data Center Sales & Use Tax Exemption into an invitation-only process. This new framework sets specific screening criteria and accountability measures for private companies, particularly data centers, impacting how these power-intensive projects are planned and integrated throughout [&hellip
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Roosevelt New Orleans Adds Café Alice as CBD Hotels Keep Investing in Ground-Floor Food and Beverage

October 30, 2026 • News • 274

The Roosevelt New Orleans has opened Café Alice, a new food and beverage venue inside the 504-room Waldorf Astoria property near the French Quarter. ForrestPerkins handled the design, building the interiors around Alice Roosevelt’s personality and style with botanical wall coverings, architectural moldings, arched brass niches, and a green latticed ceiling. The palette runs to [&hellip
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T. Parker Host Invests $50M in Avondale Global Gateway Expansion

October 30, 2026 • News • 233

T. Parker Host is committing $50 million to expand Avondale Global Gateway, bolstering industrial capacity along the Mississippi River in Jefferson Parish. The project will include a 200,000-square-foot warehouse, extensive rail upgrades, and the activation of a fifth deepwater dock, scheduled for completion by December 2027. Announced on October 28, 2026, this investment will see [&hellip
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Red River Bank Expands with New Slidell Branch

October 29, 2026 • News • 441

Alexandria-based Red River Bank has confirmed its purchase of a former credit-union building at 2175 Gause Boulevard East in Slidell, marking plans to establish the bank’s first full-service branch in the area by Q1 2027. This strategic acquisition expands the presence of the regional lender in the New Orleans metro market. The transaction, completed on [&hellip
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NAR NXT Brings 10,000 Real Estate Professionals to the Convention Center in November

October 28, 2026 • News • 618

The National Association of Realtors holds its annual NAR NXT conference at the Ernest N. Morial Convention Center in November, bringing more than 10,000 real estate professionals from around the world into New Orleans for a multi-day run. The event includes what organizers describe as the industry’s largest expo, with upwards of 200 exhibitors showing [&hellip
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The Warbler Hotel Opens on St. Charles Avenue — 58‑Room Boutique from Local Developer Verdad

October 28, 2026 • News • 648

The Warbler Hotel has officially opened its doors at 1923 St. Charles Avenue in New Orleans, marking the first hospitality venture for local developer Verdad Real Estate. This boutique hotel introduces 58 guest rooms, a rooftop pool, and various food and beverage options, enhancing the Uptown hotel landscape and contributing to street-level activity. The project [&hellip
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Quality Inn & Suites in Slidell Trades at $43,860 Per Key as Northshore Records Nine Sales Worth $9.84M

October 27, 2026 • News • 757

The Quality Inn & Suites off Interstate 12 in Slidell has sold for $2.5 million to Pinnacle Residences Slidell LLC, the largest of nine commercial transactions recorded on the Northshore in the week before October 26. The hotel sits on 1.1 acres at 34579 Grantham College Road and traded at roughly $43,860 per key. The [&hellip
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ACG Louisiana Doubles Dealmaking Time at Taste of New Orleans Event

October 27, 2026 • News • 815

ACG Louisiana significantly expanded its DealSource program, doubling the dealmaking duration from 90 minutes to three hours at the Taste of New Orleans event held on October 15 at The Roosevelt New Orleans. This move aims to bolster connections among Gulf-South investors, including private equity firms, investment bankers, and deal advisers, by facilitating structured one-on-one [&hellip
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Four Affordable Housing Portfolios Change Hands in One Week as KND Entities Acquire Algiers and Elmwood Properties

October 27, 2026 • News • 948

Four multifamily affordable housing portfolios across New Orleans recorded sales in the week before October 26, with three acquired by separate entities carrying the same KND prefix. The largest was Orleans Place, a 60-unit property at 3935 Jennifer Street in Algiers, which sold for $3.5 million, or $58,333 per unit, to KND Orleans Place Housing [&hellip
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