One Canal Place

One Canal Place is a mixed-use commercial complex at 365 Canal Street in New Orleans, Louisiana. Its principal structure is a 32-story, approximately 440-foot office tower completed in 1979. The complex occupies a prominent position in the city's Central Business District, next to the French Quarter and near the Mississippi River, and combines Class A office accommodation with shopping, dining, entertainment, hospitality, and shared parking facilities. The development is commonly understood as a multi-phase Canal Place project. The first phase produced the office tower. A second phase, developed in the early 1980s, added the Saks Fifth Avenue retail component and the hotel now known as The Westin New Orleans at Canal Place. The office tower contains more than 650,000 leasable square feet of customizable workspace and includes access to parking and health-club facilities. Corporate Realty manages the office building, while The Shops at Canal Place is leased and managed by O'Connor Management, LLC. The retail component occupies the lower three levels of the complex. Known as The Shops at Canal Place, it is one of the principal enclosed shopping destinations in downtown New Orleans. The center has included Saks Fifth Avenue, a food court, movie theaters, restaurants, and a collection of higher-end specialty retailers. Retail tenants and offerings have changed over time; examples identified in reference material include Anthropologie, Brooks Brothers, Tory Burch, Michael Kors, Tiffany & Co., Morton's The Steakhouse, and Louis Vuitton, which opened at the center in 2019. The complex therefore functions less as a standalone consumer brand than as a destination property whose identity is built around its location, tenant mix, and integration with surrounding tourism and business districts. The attached Westin New Orleans at Canal Place hotel extends the complex's hospitality role. The hotel is positioned along the Mississippi River and close to the French Quarter, casinos, museums, galleries, restaurants, and downtown offices. Its described amenities include a rooftop pool on the 29th floor, a gym, and the River 127' restaurant, named for its elevation above the river. The hotel shares a parking garage with the office and retail components. The site's history predates the present development by several centuries. Before modern levees were built, the area could be covered by Mississippi River water. A windmill was erected nearby in the 1720s, and the property was later associated with American Sugar Refinery facilities. Nineteenth-century warehouses and Crossman Street were removed to make way for the Canal Place construction. The complex has also been affected by major events in New Orleans. After Hurricane Katrina, a fire heavily damaged the Saks Fifth Avenue store. The shopping center reopened in February 2006, and the remodeled Saks store reopened in November of that year. Plans described in the reference material call for a third phase involving a new mixed-use high-rise and an estimated $220 million investment, although the timing and final scope of that proposal are not established here. In 2026, Saks Fifth Avenue was reported to be closing its Canal Place location as part of a nationwide store-closure plan. Later that year, the new owners of Canal Place were reported to have filed for Chapter 11 bankruptcy protection after a recent acquisition. These developments concern parts of the wider complex and its ownership structure rather than indicating that the One Canal Place office tower or the broader property had ceased operating.

The land occupied by One Canal Place has a long relationship with the geography and commercial development of New Orleans. Before the construction of modern levees, the area could be inundated by the Mississippi River. In the 1720s, a windmill stood near the intersection of what are now Canal Street and North Peters Street. By the twentieth century, the site had become associated with American Sugar Refinery facilities, reflecting the industrial and trading activity concentrated around the river and the central city. The modern Canal Place project required the removal of nineteenth-century warehouses and Crossman Street, a street running parallel to Canal Street. The first construction phase culminated in the One Canal Place office tower in 1979. The tower rose to 32 stories and approximately 440 feet, making it a substantial addition to the New Orleans skyline. It was designed as a major commercial office address rather than solely as a retail property. Its office inventory exceeds 650,000 leasable square feet and is organized to accommodate different tenant requirements. Corporate Realty manages the office component. A second development phase followed in 1982 and 1983. This phase added the Saks Fifth Avenue store and the hotel now operating as The Westin New Orleans at Canal Place. The additions established the complex's mixed-use character, linking office tenants with shopping, hospitality, restaurants, entertainment, and visitor services. The hotel and office tower share a parking garage, while the hotel occupies a location close to the Mississippi River and the French Quarter. The retail component occupies the lower three levels of the tower complex and operates as The Shops at Canal Place. It became one of downtown New Orleans's major enclosed shopping destinations, alongside The Outlet Collection at Riverwalk. Its tenant mix has included luxury, fashion, specialty, dining, and entertainment businesses. Reference material identifies Saks Fifth Avenue, Anthropologie, Brooks Brothers, Tory Burch, Michael Kors, Tiffany & Co., Morton's The Steakhouse, a food court, and movie theaters among the center's offerings. Louis Vuitton was reported to have opened at the property in 2019. Because the center is tenant-driven, its exact retail composition is subject to change. One Canal Place experienced significant disruption after Hurricane Katrina. A fire caused heavy damage to the Saks Fifth Avenue store in the aftermath of the storm. The shopping center reopened in February 2006, followed by the reopening of a completely remodeled Saks store in November. The recovery preserved the complex's role as a downtown retail and tourism destination while the broader New Orleans area was rebuilding. The Westin New Orleans at Canal Place supports the property's hospitality positioning. It is close to the French Quarter, Harrah's Casino, museums, art galleries, restaurants, and the Central Business District. Described facilities include a 29th-floor rooftop pool, a gym, and the River 127' restaurant, which is located approximately 127 feet above the river. These amenities complement the complex's office and shopping functions and make Canal Place a combined business, leisure, and visitor destination. A proposed third phase has been described as a $220 million mixed-use high-rise project. The available material does not establish whether the proposal was completed, abandoned, or materially revised. More recent reported developments concern both retail and ownership. Saks Fifth Avenue was announced as a planned closure in 2026 as part of a nationwide reduction in stores. In June 2026, the new owners of Canal Place were reported to have sought Chapter 11 protection, following a reported $28 million acquisition approximately three months earlier. The available reference does not identify the owners or establish the ultimate outcome of the proceeding. Accordingly, One Canal Place is best characterized as an operating mixed-use property with a changing retail and ownership structure rather than as a conventional consumer brand.

• 2026

  Saks Fifth Avenue closure announced

  [1]One Canal Placeen.wikipedia.org

  The Saks Fifth Avenue location was included in a reported plan to close eight stores nationwide.

• 2026

  Canal Place ownership enters Chapter 11 proceedings

  [1]One Canal Placeen.wikipedia.org

  The new owners were reported to have filed for Chapter 11 protection three months after a reported $28 million acquisition.

• 2019

  Louis Vuitton joins the retail tenant mix

  [1]One Canal Placeen.wikipedia.org

  Louis Vuitton opened a store at The Shops at Canal Place.

• 2006

  Complex and remodeled Saks store reopen after Katrina-era damage

  [1]One Canal Placeen.wikipedia.org

  The shopping center reopened in February following Hurricane Katrina-related disruption and fire damage, while the remodeled Saks Fifth Avenue store reopened in November.

• 1982

  Second development phase begins

  [1]One Canal Placeen.wikipedia.org

  Construction of the Saks Fifth Avenue retail store and the associated Westin hotel took place during the 1982–1983 second phase.

• 1979

  Office tower completed

  [1]One Canal Placeen.wikipedia.org

  The first phase of the Canal Place project produced the 32-story One Canal Place office tower.

• 1720

  Windmill documented near the future Canal Place site

  [1]One Canal Placeen.wikipedia.org

  A windmill was constructed near the present-day intersection of Canal Street and North Peters Street during the 1720s, before the modern development of the property.

A centrally located, upscale mixed-use destination serving office tenants, shoppers, hotel guests, tourists, and downtown New Orleans visitors.

• Commercial office property · 1979

  One Canal Place Office Tower

  The principal office component is a 32-story Class A commercial building with more than 650,000 leasable square feet. Its space can be configured for different tenant requirements and is supported by parking and health-club facilities. The tower is managed by Corporate Realty and is attached to the retail and hotel portions of the Canal Place complex.

• Upscale shopping center · 1982

  The Shops at Canal Place

  The Shops at Canal Place occupies the lower three levels of the complex and provides a mix of luxury, fashion, specialty retail, dining, and entertainment. Its reported offerings have included Saks Fifth Avenue, Louis Vuitton, Anthropologie, Brooks Brothers, Tory Burch, Michael Kors, Tiffany & Co., Morton's The Steakhouse, a food court, and movie theaters. The tenant roster is subject to change, and Saks was reported to be closing in 2026.

• Hotel · 1983

  The Westin New Orleans at Canal Place

  The attached Westin hotel provides hospitality accommodation beside the Mississippi River and near the French Quarter. Reported facilities include a rooftop pool on the 29th floor, a gym, and the River 127' restaurant. The hotel shares a parking garage with the office and retail components of the complex.

• 2026

  Saks Fifth Avenue closure decisionOther

  Background

  Saks Fifth Avenue was reported to be closing its Canal Place store as part of a nationwide plan involving eight store closures.

  Action taken

  The retailer announced the planned closure of the Canal Place location.

  Aftermath

  The decision was expected to change the tenant mix and retail identity of The Shops at Canal Place, although the available material does not state the final closure date or replacement tenant.

  Source

• 2026

  Chapter 11 filing by new Canal Place ownersOther

  Background

  The new owners of Canal Place were reported to have sought bankruptcy protection approximately three months after acquiring the property for a reported $28 million.

  Action taken

  The owners filed for Chapter 11 bankruptcy protection.

  Aftermath

  The filing placed the ownership structure and financial future of the wider complex under court-supervised reorganization. The available reference does not establish the final outcome.

  Reported acquisition price. $28 million (Approximately three months before the June 2026 Chapter 11 filing)

  Source

1. 1One Canal Placeen.wikipedia.org