The long-shuttered Esplanade Mall in Kenner is available on the market with the principle two-story enclosed regional mall and associated improvement parcels listed for $12.5 million. In line with the itemizing, the indoor mall house totals 363,229 sq. ft and is being marketed at $22.40 per sq. foot, with 6,640 parking areas throughout the broader mall website.

The asking value doesn’t embrace the previous Macy’s constructing, a 235,518-square-foot field that could be offered or leased individually. The positioning’s different anchors — Dillard’s, Goal and The Grand — are individually owned and stay in operation. Situated at 1401 W. Esplanade Ave., Esplanade Mall opened in 1985 and has remained largely dormant for the reason that indoor mall closed following extreme injury from Hurricane Ida in August 2021.

The itemizing brokers are Michael Pou and Chris Talbot of Talbot Realty Group, together with Marshall Nguyen and Jay Mawas of the Wyn Group.

Advertising and marketing supplies describe the property as a redevelopment alternative of “acres of untapped potential, providing a clean canvas for visionary builders and entrepreneurs alike.” The property has C-1 industrial, and PUD (Deliberate Unit Growth) zoning, which allow a variety of potential makes use of, together with retail, leisure, indoor sports activities and multifamily.

The property’s future has been the topic of redevelopment discussions for years. In 2022, structure agency EskewDumezRipple printed a conceptual mixed-use redevelopment plan for the property. However as lately as two months in the past, there have been requires demolition as Jefferson Parish Council member Arita Bohannan pursued $20 million in state funding by means of Gov. Jeff Landry‘s FastSites program. Her proposal was to amass the mall, demolish the construction and speed up redevelopment of the location.