A warehouse on Nicholson Drive, between downtown and LSU, has been sold to a group that plans to bring in a furniture store, an architecture firm and other creative businesses.
1010 Nic LLC paid $600,000 for the property in a deal that was filed Friday with the East Baton Rouge Clerk of Court’s Office. The seller was Brickyard Properties LLC. Ryan Greene, of NAI/Latter & Blum, assisted with the sale, said Chad Ortte, a manager with Brickyard.
Carol LaCour, one of the managers of 1010 Nic, said plans are to renovate the building and for Monochrome Furniture + Design and Front Door Architecture to move into the property. Both businesses are located in Southdowns.
Monochrome and Front Door will take up about 8,000 square feet in the nearly 19,000-square-foot building.
“We’re hoping to lure other creative partners,” said LaCour, who works as a designer for Monochrome. “We’re hoping to have mostly retail space in there with designers, eateries, maybe a coffee shop.”
The building at 1010 Nicholson had been home for Montalbano Produce and most recently was a warehouse and distribution center for St. Vincent de Paul.
“It’s a very unusual urban space,” LaCour said. “It’s an old warehouse and we don’t want to lose any of the character of it.”
Plans are to spend the next few months renovating the property. Monochrome and Front Door should move into the space in four to six months, LaCour said.
There’s been interest in the area between downtown and LSU for a while.
Brickyard bought the space in 2010 for $475,000 because of the potential for redevelopment along Nicholson.
Last month, it was announced that a center for coastal research and education would be built close to 1010 Nicholson, at the site of the old municipal docks.
The $45 million Water Campus project will be built by the state Coastal Protection and Restoration Authority and operated by LSU and is expected to create hundreds of jobs locally.
“That’s so close to here,” LaCour said. “This is turning into a nice little corridor.”