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Warehouse District Condos, Fulton Street Developes into a destination?

     Fulton Street in the New Orleans Warehouse District is developing a destination of its own.  As more people are living and visiting the Warehouse District and Harrah’s Casino the area is going to develop further.  The area is growing because the demand is there from the local residents and the many tourist that visit the area.  There are several new additions to the area.  Ruth’s Chris Steak House recently announced its presence in Harrah’s Hotel.  Most of the locals know Ruth’s Chris started in New Orleans.                      

Harrahs and Fulton Street, New Orleans Warehouse District

      “The announcement comes just a few months after the official opening of the Fulton Street Mall, which is situated between the new Harrah’s Hotel and Gordon Birsch, a popular micro-brewery specializing in exotic-flavored beers and fine dining. The one-block-long mall has been closed to vehicular traffic and is fast emerging as a popular destination for casual strollers in the downtown area.”

      ”Already open along the mall, in addition to Harrah’s Hotel and Gordon Birsch, are 528, an upscale music club featuring popular local musicians, and Riché, Chef Todd English’s latest restaurant. The mall offers numerous chairs and tables for those who like to dine and drink outdoors and fine artwork, including a series of bronze sculptures of old-time jazz musicians.”

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One River Place Condos, New Orleans Warehouse District Luxury Condos

     The One River Place Condos at 3 Poydras Street are one of the few high rise condos in the New Orleans market that takes advantage of the Mississippi River Views.  The luxury condos have been around for a while and many of the units have been updated over the last 20 years .  The 14 stories  features 81 units of varying sizes and views.  The first 3-4 stories are parking and a luxury lobby and common areas.

     The higher price units are those facing the Mississippi River and have balconies overlooking the River.  These were built before the Warehouse District was named.  The river views are the more expensive units with those with no river views being the cheapest.

One River Place Condos, New Orleans Luxury Condos, New Orleans Warehouse District Condos

    Amenities include valet parking and in house security personnel.  The pool and patio over looking the Mississippi River are second to none.  There is a fitness and exercise center.  There are some great common areas that are often used for entertainment and parties.  You have access to the Hilton Hotel where there are 8-10 indoor tennis courts and a full service work area and gym.  The fees are reasonable for the gym in the Hilton.

     The condo fees are high but so are the services at One River Place.  The building is very secure, well managed, and always has security on duty. 

One River Place Condos, 3 Poydras, New orleans Condos

     You can see the Mississippi River Bridge in the background.   Many of the 20 year old units have been upgraded over the years and have some fantastic renovated units.  Two of our local sports stars live here. Reggie Bush with the New Orleans Saints and Chris Paul with the New Orleans Hornets.  

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625 St. Charles Ave., New Orleans Luxury Condos in the Warehouse District.

     The 625 St. Charles Ave Condos are Luxury Units in the New Orleans Warehouse District.  The condos are 7 years old and were built as condos.  The 11 story building is in a fantastic location on St. Charles Ave across from Lafayette Square in downtown New Orleans.  The 39 units are at least all two bed room plus and two bath starting at about 1300 sq. ft going up to about 3000 sq. ft. units for the four Pent House Condos. 

     The building on the far right is Gallier Hall and the bleachers in the foreground were getting ready for the Mardi Gras parades to roll this past season.  The streetcars roll by your front door and you can walk to many a high class meal from this location.  Its an easy walk to the Louisiana Super Dome, New Orleans Arena, Federal Courts and the French Quarter.

625 St. Charles Ave Condos

     The 625 St. Charles Ave. Condos  features include 2 parking spots in the garage  for each unit.  The security is 24 hours and very secure.  There is an indoor lap pool and fitness room.  There is a common area conference room, catering kitchen and reception area on the second floor.  Most of the units are custom built outs by the owners so very few or none are going to look the same.

    There are currently 5 units for sale ranging in price from $635,000 to 1.9 million.  All the units have been listed in the last 60 days.  The complex has have  6 sales since 2006 as the condos tend to have long term owners and some been forced to move due to Katrina.  The views are going to vary by the story and the direction of the units. 

    The units generally start in the upper five hundred range up to million plus for the large pent house units.  I have seen a couple that I have really liked and some that had no appeal at all.  It all depends upon how the units were finished off by the original owners. Read the rest of this entry »

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Warehouse District Condos, Sugar Plantation Condos at 840 Tchoupitoulas Street

     The Sugar Plantation Condos were a new condo development that opened for pre-sales in the Spring of 2005.  The condos were basically new construction with the exterior walls of an old warehouse.  The 43 units sold with the first week of being offered.  At the time they were about 80% complete.  Most of the units were 2 bedroom units.  All the units had garage parking and a storage area.

     The Warehouse District condos featured granite counter tops, stainless steel appliances, polished concrete floors, open kitchens with plenty of cabinets, full size washer and dryers, high ceilings, crown molding and large master suites.  The more expensive units had patios, street views, balconies and were larger.  Most of the units had at least one exposed brick wall for that New Orleans Warehouse feel.  The units had an upscale feel to them.  The developer did not put up enough lights in the units but people have chosen their own lights to brighten things up. 

     The developer finished off all the units in the same fashion and the buyers were not allowed to pick and chose their colors and cabinets.

                          Sugar Plantation Condos, Warehouse District Condos

     The common areas included a pool with a courtyard.  There are 2 elevators.  The garage entrance is on Commerce with inside access to the lobby and thge condos.  Each unit had a large storage area on the first floor.  There is a first class party and meeting room.  There is also a small gym looking out onto the pool area.  The courtyard is and pool are surrounded by units and the excercise room on the gound floor.

                           Sugar Plantation Condos, New Orleans Warehouse District

       Today’s pricing is giving the initial investors a tidy profit.  The smaller units are going in the upper 380K range and the nicer units right under 500k depending on size, views and the location with the complex.  The prices have remained steady for the most part of the last 2 years.  There normally seems to be about two condos in the building for sale  at any given time.  The less expensive units do not have any great views and you often face a brick wall.

                           Warehouse District Condos

    The new kitchens were large and generally opened into the living areas. There is ample cabinets and counter space in all the units.  Some of the larger 2 bedroom units will have a small study.  These are the units over 1500 sq. ft.  The smaller units are in the 1200 to 1300 sq. ft. range.  The building itself is very quiet and the units are quite spread out. There are no units on the first floor. Read the rest of this entry »

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New Orleans River Front Park, Warehouse District and French Quarter meet on the Mississippi River.

    When you are looking for a New Orleans Condo you are also looking for a certain lifestyle that the area has.  The Mississippi River is why New Orleans is here.  New Orleans in recent years has been making the River more accessible to the public.  This is happening in the New Orleans Warehouse District and the French Quarter in particular. 

    The River Walk is between the Warehouse District and the New Orleans French Quarter.  The River Walk and Waldenberg Park creates a park and shopping area along the largest river in North America thru one of its most historic cities.  Waldenberg Park begins after the Aquarium of the Americas and provides green space and walking paths that leads to the French Quarter.  Its a excellent place to watch the river traffic and large ships pass by.  

Warehouse District Condos and French Quarter Condos, connected by the River Walk

     The River Walk shopping center runs along the Mississippi River along with various places to eat and drink and to view the river.  River Walk starts where the Convention Center leaves off and ends at the Spanish Plaza.  Leaving the Spanish Plaza you can pass the New Orleans Ferry entrance. You can even take the free ferry to Algiers as long as you are walking.

Spanish Plaza in New Orleans Warehouse District

  The Waldenberg Park stretches to the French Market from this point.  the Mississippi Rive is at one of its widest and deepest points at this point in the river.  Its the free views that will catch your eye.  Its very hot in the summer but then you can walk at night.

parks in the Warehouse District and the French Quarter Read the rest of this entry »

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Warehouse District Condos, Market Update! Its not always just the numbers!

     This week there are 197 condos for sale in the New Orleans Warehouse District.  This does seem like a lot of condos for sale. If we examine the numbers, the amount of resale units are far less.  This number includes several pre-sale condos and several new conversions. 

     There are 15 condos at the Rotunda which are located 330 Julia Street.  These are conversions from apartments into condos.  They are currently being renovated.  There are 10 units for a hotel condominium Royal Cospolatitan at 121 Royal. There are 7 units listed for the Tracage which is to be built. 

    There are 9 new units that are still for sale at Mills Row Condos on John Churchill Chase.   Most of the units have been sold.  The Pre-sales at 835 Julia have 10 listed.  This project is underway as the building already exists. 

    There are 28 units below 200k which is high for the Warehouse District.  This is a high number for resales in this price range.  There are 39 condos for over 500k which is also a higher number than usual.  Many of the higher end units have come on the market in the last 30 days. Read the rest of this entry »

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New Orleans Warehouse District, Italian Plaza another urban niche

     The Italian Piazza is another one of the urban parks or casual niches hidden away in the New Orleans Warehouse District.  Few people know of its existence.  New Orleans today has over 200,000 residents of Italian Heritage who came to America around 1880-1900, adding to our New Orleans cultural gumbo.  The Piazza has the aura of a place in Sicily.  For many in New Orleans, it was designed and forgotten, but now you know!

Italian Plaza New Orleans, Warehouse District New Orleans

Italian Plaza Entrance on Poydras Read the rest of this entry »

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Warehouse District Condos, 700 S. Peters Condos, An Upscale Choice!

     The location and the name are the same, 700 South Peters Condos are in the heart of the New Orleans Warehouse District.  The 88 unit complex has 6 floors with one and two bedroom units.  Most of the units have the same layout.  You enter from an covered artium into your unit with the living area have the outside view.  The living/dining  areas are large.  The kitchens are not large but adequate.  Not all the views are equal but I prefer the S. Peters street views on the upper floors. 

700 S. Peters Condos, New Orleans Warehouse District Condos

     The amenities include a superb rooftop viewing area and full size pool area with tables  and plants on the roof top area.  The 24 security is tops in the area.  The covered parking and valet at certain times of the day can speed you on your way.  There is a small gym and storage area on the first floor for every unit. There are two elevators one at each end of the building.  There are one and two bedrooms with the one bedrooms being about 830 sq. ft while the two bedrooms and two baths are 1244 sq. ft. 

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Warehouse District Condos, Magazine Place Condos-760 Magazine Street

     The Magazine Place Condos are at the corner of Magazine Street and Julia Street.  The Warehouse style condos are in two different buildings, a newer section and the original building which was an old sausage factory once owned by Swift Meats.  There are 57 units are in the three story red brick buildings plus the addition  with almost all the units having parking in the underground garage or adjacent parking lot. 

      The amenities include a large roof top viewing and bar-b-que area and a nice gym on the first floor.  The parking is secure as is the courtyard by the front gate.  The parking is in a garage beneath the building or in an adjacent lot.

Magazine Place Condos, 760 Magazine Street

    The condos in the original building as shown above are mainly one bedroom units.  Most of the two bedroom units are in the new building.  Many of those are townhouse style units with the bedrooms up. Most of the medium two bedroom units over 1000sq. ft. are going to sell in the 300k-325k range depending upon the updates.  The nicest one bedroom units are those on the Magazine Street side plus the units facing the downtown area. 

     Its worth the extra for the larger windows and city views.  People do not mind paying a little more.  The one bedroom units generally go between 190k and 225k depending upon the unit, the views, size,the updates and the parking.

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Wednesday at Lafayette Square, it’s your Party and it’s free. Rain or Shine!

      Lafayette Square Wednesday at Lafayette Square is starting on April 2, 2008.  The weekly concert series starts soon so we know Summer is almost here or at least late Spring.  The Lafayette Concert series will run to June 18 th.  The Young Leadership Council runs the annual series with the bands, various food and drink vendors and other vendors.

     The series starts at 5:00 O’clock and runs till 7:30 rain or shine.  Expect the rain to start or end the concert several times during the season.  Its the New Orleans weather where it can rain and shine within an hour.  The park is in the heart of the central business district or the New Orleans Warehouse District.  Its on St. Charles across the street from Gallier Hall and the condos at 625 St. Charles Ave. 

Lafayette Square, Warehouse District

    The Square was named after Lafayette who visited the area in 1825 and covers the entire block.  Parking is easy and available for $3 on Poydras.  The meter maids head home at 6pm if you are looking for street parking.  The schedule is below and feature various local artists and an assortment of vendors trying to separate some money from you.  The park is a great place to eat lunch for those working downtown and want to get away from the concrete. 

      Many times I will tie a visit in when selling Warehouse District Condos as I will likely see some of my old clients.  You can see many of your new neighbors as well.

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