Federal City Retail and Parking Center

Retail-Commercial for Lease
Catylist Listing ID: 29565780
Property Subtypes: Mixed Use, Street Retail
Contiguous Space: 1,404 - 2,526 SF
Total Available: 7,852 SF
Gross Building Area: See Agent
Lease Rate: $10 PSF (Annual)
Base Monthly Rent: $1,170 - 2,105
Lease Types: NNN
Last Updated: 11/21/2017

Overview / Comments

Federal City is a public-private mixed-use development located on the former Naval Support Activity (NSA) New Orleans, West Bank property in the Algiers historic district of New Orleans. The development is comprised of 156 acres and offers a mix of administrative, commercial, R&D, residential, and recreational opportunities. The property has approximately 800,000 square feet of existing structures available for adaptive reuse, as well as significant open space for build to suit facilities.

Federal City is located in the Algiers District, the only part of New Orleans that is on the Mississippi River's West Bank. It is also directly across from and less than two miles east of the Central Business District (CBD) and French Quarter of New Orleans, along State Highway 90. It has convenient access to major interstate highways, railheads, the Mississippi River, and the international airport.

Algiers Point is connected to the CBD by a ferry and interstate toll free bridge. Public buses run routes both within Algiers and over the Crescent City Connection bridge, connecting Algiers with the CBD. Most land uses in Algiers are residential with some neighborhood retail, commerce, and light industrial uses.

Federal City is located on one of the highest points in New Orleans and is above the 100-year flood plain. Due to the $15 billion of protection features constructed since Hurricane Katrina and the tailored facilities on the Secured Compound, Federal City is one of the most capable places for sustaining operations after a natural or manmade disaster.

Federal City is currently home to: The Marine Force Reserves Headquarters, the 4th Marine Division, the 4th Marine Aircraft Wing, and the 4th Marine Logistics Group (411,000 sq. ft. of office space with over 1,500 full-time military positions and additional visiting reservists), New Orleans Military and Maritime Academy, a charter military school, Coast Guard Sector Command,
Navy Federal Credit Union, 4th District Headquarters, New Orleans Police Department, Ochsner West Bank Fitness Center, Federal City Child Development Center, Federal City Inn & Suites, a 128 room lodging facility, and Federal City Auditorium, a 400-person capacity Conference Center.

Expand All 4 Spaces Available

Suite: 108 1,465 SF $10 PSF (Annual) NNN
Suite: 111 2,526 SF $10 PSF (Annual) NNN
Suite: 112 2,457 SF $10 PSF (Annual) NNN
Suite: 113 1,404 SF $10 PSF (Annual) NNN

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Westbank
Submarket Type: Historic District
Tax ID/APN: 41000004
Market Type: Medium
Road Type: Paved
Property Visibility: Good
Transportation: Bus, Taxi, Water/Ferry
Airports: MSY
Site Description: 1,404 sf minimum divisible, 7661 sf maximum contiguous
Area Description: Located within new Federal City development, adjacent to the new marine force reserved headquarters.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 5
Property Condition: Excellent
Year Built: 2011
Roof Type: Other
Construction/Siding: Concrete, Steel Frame
Total Parking Spaces: 100
Parking Type: Structure
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: White Box

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,325 141,049 342,534
Median Age: 35.93 37.32 36.11
Households: 5,868 61,383 141,417

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