Exceptional Development Opportunity | Former Esplanade Mall

Exceptional opportunity to acquire the former Esplanade Mall, a landmark commercial property prominently situated at 1401 W. Esplanade Avenue in Kenner, Louisiana. The offering consists of approximately 598,747 SF of building improvements situated on approximately 50 acres, including ±363,229 SF of mall space and the ±235,518 SF former Macy’s, creating a significant opportunity for investors, developers, owner-users, and a range of adaptive-reuse or redevelopment concepts.

Originally developed by Cadillac Fairview, The Esplanade opened in 1985 and for decades served as one of the principal regional shopping destinations in the New Orleans metropolitan area. The mall was historically anchored by major national and regional retailers including D.H. Holmes, Leon Godchaux, Mervyn’s, Macy’s, and Dillard’s. Macy’s opened at the center in 1986 (its first Louisiana location). The enclosed mall ultimately ceased operations following Hurricane Ida in 2021, concluding nearly four decades of operation as a regional retail destination.

Today, the property presents an opportunity to reposition a highly recognizable Kenner commercial site for its next generation of use. The combination of substantial acreage, extensive existing improvements, established commercial identity, and large-scale footprint provides flexibility for a variety of potential commercial, retail, mixed-use, entertainment, institutional, or redevelopment concepts, subject to applicable zoning, ordinances, restrictions, and approvals.

The property is zoned Planned Unit Development (PUD). Dillard’s (±177,940 SF), Target (±138,280 SF), and The Regal Grand/ground lease (±52,030 SF) are separately owned and are not included in the offering. All measurements are approximate/not guaranteed and are to be verified by the Purchaser. Zoning, intended use, overlays, use restrictions, servitudes, easements, reciprocal easement agreements (REAs), rights-of-way, cross-access, and cross-parking rights are to be verified by the Purchaser. Property to be sold in “as is, where is" condition with a Waiver of Redhibition or Warranty of Condition to be executed and made part of the sale documents.