$24.10/SF Buildable Cost | 10-Story Entitled Site

This exciting development site is located steps from the New Orleans Ernest N. Morial Convention Center, the nation’s sixth largest, and the National WWII Museum and nestled between two warehouses. The property features a 48’3” x 76’8” site directly amid a dense concentration of residential lofts, luxury condominiums, hotels, galleries, and some of the city’s premier restaurants. This location provides quick access to the CBD, the French Quarter, Riverwalk Outlets, Port of New Orleans cruise terminal, and major thoroughfares including the Pontchartrain Expressway (Highway 90) and I-10.

Positioned in the heart of the thriving Warehouse/Arts District, 1035 Tchoupitoulas Street presents a rare opportunity to acquire a fully envisioned, mixed-use development site permitted for construction of a 10-story building. At $26.35 per buildable square foot, the land acquisition is a highly desirable $975,000.

Founded in the early 19^th century, the Warehouse District was a hub for commerce with its proximity to the port. Brick buildings were home to retail and wholesale stores, cotton and sugar presses, and warehouses. in the early 20^th century, the buildings shifted more toward manufacturing work, but by the late 20^th century, the area fell into demise. The 1984 Louisiana Exposition, held in New Orleans, generated a resurgence in this district. Many historic buildings were converted into apartments, condominiums, and hotels. Art galleries, museums, and fine dining (including New Orleans’ first two-Michelin starred restaurant) contributed to making today’s revived Warehouse/Arts District a lively destination for both locals and tourists.

The Convention Center plays a key role in this continued activity. Recent development activity includes the approval to open an Omni Hotel, the latest luxury hotel to come to this area. The River District is being developed on approximately 47 acres of land adjacent to the Convention Center. The highlight is Shell Oil Building, a new, six-story, energy-efficient office building that will be home to Shell’s New Orleans team.

• Hard corner, signalized Intersection
• $24.10 /sf, buildable
• CBD-6 zoning flexibility
• Approved plans and demolition approval
• Its red iron steel frame building perfect for adaptive reuse for redevelopment or ground up
• Flexible deal structures (Sale, Build to Suit, JV)
• Flood Zone X
• Utilities in place
• All Revit CAD, engineering, and architecture plans included with sale
• Buyer to verify all zoning and permitting prior to sale