The Rotunda is the latest in a long line of condo conversions of Warehouse District apartments. The old grocery warehouse is in the center of the New Orleans Warehouse District at 330 Julia Street directly across from Julia Place. Emeril’s Restaurant is actually one of the business condos on the first floor. The Rotunda has 68 units split between one and two bedroom units. You can still get a decent size one bedroom in the 200k range. The two bedrooms are going to be closer to 300k. I am not the listing agent but have sold a couple in the building who looked at all the choices in the Warehouse District and chose here for the location and the size of the units. There are currently a variety of units for sale.
All of the units are on floors 2 and 3 with the penthouse units on the top floor which is floor 4. The garage and retail spaces are on the first floor. The more expensive units have garage parking and the others have contract parking availiable across the street. Close to 50% have garage parking. A garage space is the New Orleans Warehouse district can easily be valued at 20k. The spaces across the street at Julia Place sold for 25k when the units were for sale.
The amenities include a roof top deck which gives you a great view of the skyline fronting Julia Street. There is a small plastic pool on the newly renovated deck. The community room is also a nice feature with great views on the penthouse level. The fitness room is on the first floor as you enter from the garage or the Julia Street entrance. Condo fees are moderate and include common area upkeep, elevators, exterior building upkeep, insurance, water, and overall upkeep of the area.
Most of the larger units and two bedrooms have exterior views. The interior view units do get plenty of light which makes the spaces very bright and seem larger than they really are. All the units have higher ceilings and enough windows. You can get the more expensive units totally redone with many updates and upgrades. There are a group of units around the 200-220 range than will have some updates but to keep the cost down are not totally redone as the more expensive units.
The MLS shows 22 sold 23 active units. There are some units that are not on the market yet due to leases and are being cleaned up. In the early stages of a conversion there is a lot of work, painting, flooring, upgrading going on all over the common areas as the developers upgrade from the apartment feel. Once done the common areas are 100% better than the early stages of a renovation.