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By The Clouse Team | Broker in New Orleans, LA

Warehouse / Central Business District CBD of New Orleans, Louisiana Real Estate and Community Info.

Warehouse / Central Business District CBD of New Orleans, Louisiana Real Estate and Community Info:

The Warehouse / Central Business District or CBD is a neighborhood in New Orleans. Its boundaries are Iberville, Decatur, and Canal Streets to the north, the Mississippi River to the east, the New Orleans Memorial Convention Center, Julia and Magazine Streets, and Pontchartrain Expressway to the south, and South Claiborne, Cleveland, and North/South Derbigny Streets to the west. The CBD is also called the Warehouse and Arts district for its manufacturing history and lively arts community. The CBD is really a misnomer, as it has become an eclectic residential community with a lively nightlife in recent years.

History

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 “American Sector.” 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, Godchaux’s, Gus Mayaer, Kreeger’s, Rubenstein Bros, Adler’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 World’s Fair drew attention to the city, many of the CBD’s warehouses have been converted into hotels, restaurants, and condos.

Shopping and Dining

The CBD’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 Morton’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, Café du Monde, Le Cote Brasserie, Lüke, and Restaurant August.

CBD). Gentilly residents patronize Oak Park Shopping Center and Gentilly Woods Shopping Center. The neighborhood’s diverse restaurants include popular haunts like Ba Mien, Café Trinh Quyen, Captain Sal’s Seafood & Chicken, Good Time Sushi, Lafitte's Café,  Sweet Savors Bakery, Big Shirley’s, Castnet Seafood, Deanie's on Hayne, Henry’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, Morton’s Steakhouse, and more.

Parks and Recreation

Home to the city’s tallest building, One Shell Square, the Louisana Superdome (where the beloved Saints play), New Orleans Arena, and Harrah’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 café. Art galleries on Julia Street host first Saturday openings. Lafayette Square, once the “Old American Quarter,” features New Orleans’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 Louisiana’s Philharmonic Orchestra, also calls the CBD home.

Living

map of the Central Business District of New Orleans

Central Business District’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 city’s $100,000. The relatively stable economy can be attributed, in part, to the fact that the CBD escaped much of Katrina’s massive flooding. Another attraction to the CBD’s real estate is the area’s great location which attracts many second homebuyers.

Schools, Health, Transportation

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).

If you are thinking about buying or selling a home, give us a call at (504) 432-4262 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
TheClouseTeam.com
Realty Executives, SELA
Ken Clouse 504-432-4262
Rose Clouse 504-427-3899
Office 985-307-1058
13592 River Road, Ste 6
Destrehan, LA 70047

Licensed by the Louisiana Real Estate Commission.
Each office independently owned and operated

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