I have had on more than one occasion from clients looking in the French Quarter for a condo that they did not want to be on Esplanade. One client said he lived there in the 1980′s and it was unsafe and rowdy. Today it is not the case…You can get more your money in this area. Get a larger place, get a larger common area, sometimes parking, sometimes a pool. Always easy access to the interstate and all points East and West.
All these photos were shot this week in the 1000 block of Esplanade near Rampart. A lot of changes have happened in the immediate area and all for the better. There are beautiful historic homes, Hotels, and many condos. You are adjacent to the Marigny, a popular area for the locals that was more like the French Quarter of old. More people just live their full time….
The intersection of Esplanade has seen a new apartment complex, an upscale condo complex. More changes are coming with new and upgraded sidewalks and streets. The New Streetcar line will be finished next year that will intersect Esplanade as it runs from Loyola to Elysian Fields. This is a big deal that will open up the area even more and provide even more access to the area. Add in the Riverfront Park development and the area will become even more popular.
The condo sales have picked up in the French Quarter for 2012 with few new properties coming on the market. The demand has picked up as well. The market is doing better with the larger units selling quicker. Things that were on the market last Fall are not there now. There was some great buys but almost all sold in the last Fall of 2011 and Spring of 2012. I sold a couple that had been on the market for only a week. I expect the trend and demand to continue.
I do know that you get more for your money along Esplanade in terms of size, updates, courtyards, common areas. Many clients choose this area because its a quiet neighborhood yet close to all the things tourist like to do. The historic homes on Esplanade are larger and newer than many other areas of the French Quarter. That is why you get more space and have some great common areas.
Its all within walking distance and soon the streetcar can connect you to much more. For $1.25 it will be a fun ride and there may be no reason to use that car as much. This is a great area where you can bike as well.
So do not sterotype an area before looking for that condo as times and places have changed. And for the better in 2012. Maybe that is why the Port of Call is always busy several blocks away.