In the late 18th century, the Central Business District was Faubourg Ste. Marie (St. Mary Suburb), the first expansion beyond the French Quarter. With the Louisiana Purchase, people began to migrate to the city, and the area became known as the â€œAmerican Sector.â€ Canal Street was considered the dividing line between the French Quarter and the American Sector, but both are considered part of the same district today. Canal Street was considered the primary retail destination, and included local and national stores like Masion Blance, D.H. Holmes, Godchauxâ€™s, Gus Mayaer, Kreegerâ€™s, Rubenstein Bros, Adlerâ€™s, Woolworth, and more. Warehousing and manufacturing were the primary industries before shipping became containerized. An industrial district up to the 1980s, when the 1984 Worldâ€™s Fair drew attention to the city, many of the CBDâ€™s warehouses have been converted into hotels, restaurants, and condos.
The CBDâ€™s evolution makes it the home of Fortune 500 company Entergy, along with artists, young professionals, and students. The area is a diverse and popular destination for shopping and dining. In addition to the boutiques, galleries, and restaurants that line Julia, Canal, and Magazine streets, Canal Place offers locals upscale shopping. It includes Saks Fifth Avenue, Coach, Banana Republic, Anthropologie, White House Black Market, and Mortonâ€™s Steakhouse. Of course, the city is known around the world for its great food, and there are far too many restaurants in the CBD to list here. However, several standouts deserve a mention, including Domenica, 5 Fifty 5, 8 Block Kitchen & Bar, Allegro Bistro, Back to the Garden, Cafe Adelaide, CafÃ© du Monde, Le Cote Brasserie, LÃ¼ke, and Restaurant August.
CBD). Gentilly residents patronize Oak Park Shopping Center and Gentilly Woods Shopping Center. The neighborhoodâ€™s diverse restaurants include popular haunts like Ba Mien, CafÃ© Trinh Quyen, Captain Salâ€™s Seafood & Chicken, Good Time Sushi, Lafitte's CafÃ©, Â Sweet Savors Bakery, Big Shirleyâ€™s, Castnet Seafood, Deanie's on Hayne, Henryâ€™s House, Nicole's Creole Cuisine, Sassafras, The Stand, and Walker's Barbeque. Gentilly is also close to upscale shopping at Canal Place, which features Saks Fifth Avenue, Adrienne Vittadini, Banana Republic, Coach, Anthropologie, Brooks Brothers, Mortonâ€™s Steakhouse, and more.
Home to the cityâ€™s tallest building, One Shell Square, the Louisana Superdome (where the beloved Saints play), New Orleans Arena, and Harrahâ€™s Casino, the Central Business District has a myriad of parks, recreational sites and opportunities for fun. City Park brings millions of visitors each year, and features a Botanical Garden, Forest & Arboretum, Museum of Art and Sculpture, Carousel Gardens Amusement Park, and Train Garden. Popular recreational activities include birding, fishing, tennis, football, softball, track, golfing, and soccer. Audubon Nature Institute includes a zoo, aquarium, insectarium, IMAX theater, park, golfcourse, and cafÃ©. Art galleries on Julia Street host first Saturday openings. Lafayette Square, once the â€œOld American Quarter,â€ features New Orleansâ€™s Neo-classical City Hall and Belle Epoch Courthouse. Mardi Gras World makes the floats for many of the Mardi Gras parades. The National World War II Museum offers exhibits and educational programs, and the Orpheum, home to Louisianaâ€™s Philharmonic Orchestra, also calls the CBD home.
Central Business Districtâ€™s real estate comprises predominately attached rental properties. The percentage of units with a mortgage is just over 30%, compared with nearly 70% in New Orleans overall. The median house price for detached homes in the CBD is approximately $470,000, compared with the $340,000 city average. The median house price for townhouses and other attached units in the CBD is around $200,000, compared with the cityâ€™s $100,000. The relatively stable economy can be attributed, in part, to the fact that the CBD escaped much of Katrinaâ€™s massive flooding. Another attraction to the CBDâ€™s real estate is the areaâ€™s great location which attracts many second homebuyers.
CBD is served by Orleans Parish School Board, which includes many renowned public and charter schools. Area hospitals include LSU Medical Center and Ochsner Baptist Medical Center. The New Orleans Regional Transit Authority (NORTA) provides public transportation. The airports are New Orleans Lakefront Airport and Louis Armstrong New Orleans International Airport. The major roads are Route 90 and Pontchartrain Expressway (10).
you are thinking about buying or selling a home, give us a call at (504)
432-4262Â or send us an email to explore your options and to
find out when is the best time for you to make a move.
The Clouse Team
Realty Executives, SELA
Ken Clouse 504-432-4262
Rose Clouse 504-427-3899
13592 River Road, Ste 6
Destrehan, LA 70047
Licensed by the Louisiana Real Estate Commission.
Each office independently owned and operated