445-49 S Rampart St, New Orleans, LA 70112
Commercial property for lease
Description
The corner of Rampart and Poydras can be described as the intersection of history and future. The Little Gem Saloon, a historic landmark at the convergence of those two streets, is poised for a very bright future. In the neighborhood of such historic jazz clubs as the Eagle Saloon, the Odd Fellows/Masonic Ballroom and the Iroquois Theater, it has been said that there is no block with more significant structures to the history of jazz than the 400 block of Rampart. The building has housed not only the Little Gem Saloon, but also the Karnofsky tailor shop, owned by a family of Jewish immigrants who befriended a young Louis Armstrong. The structure is three stories and fronts on Poydras and Rampart Streets. The use of Louisiana Live Performance Tax Credits militates toward a live entertainment use for this property. The current configuration features a central and ancillary stairwell, entrances on both Poydras and Rampart Street sides of the building, an elevator an internal courtyard, and wrap around second story galleries and balconies that add an additional 1,000sf of usable space. Dormer windows face Poydras (1) and Rampart (3) Streets, offering great views of a bustling intersection. The building has been partially built out, but can be leased as is, completed per the attached plans and/or to suit. This part of the Central Business District is swarming with new activity, including the 930 Poydras residential tower with Ste. Marie restaurant, Reginelli's pizzeria and Jamba Juice anchoring ground floor retail; Walk-On's sports bar and Happy's Irish pub at the site of the former Smith & Wollensky's; the recently finished $270MM redevelopment of the 1,193 room Hyatt Regency (complete with a new John Besh restaurant), the brand new Rouses supermarket at Baronne & Girod Streets, the recently announced South Market District residential/retail complex and the new Loyola Avenue streetcar extension (underway). This property offers superb visibility from either side of Poydras Street, as well as a blank wall for advertisements for Uptown-bound Rampart Street. The Regional Planning Commission measured ADT of 31,084 at Poydras & LaSalle in 2008 and 47,494 at Poydras & Carondelet in 2007.
Property Details
- Type: Retail
- Status: Available
- Buildings: 1