Former Emeril's Delmonico Restaurant in New Orleans Sold for $1.2 Million
1 report, 1 independent
Updated Oct 13
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What happened
The former Emeril’s Delmonico restaurant on St. Charles Avenue, which had been shuttered since the coronavirus pandemic, was purchased by a local real estate investor. The building was acquired for $1.2 million, which was about a third of the nearly $4 million Emeril Lagasse had listed it for in 2021.
From nola.com
Why it matters
The sale contributes to an uptick in new investment along lower St. Charles Avenue in New Orleans. This area is also seeing new commercial projects, including a microhotel under construction and the upcoming opening of the Warbler Hotel.
From nola.com
Who's involved
- Emeril LagasseOriginal owner of the restaurant property
- New OrleansLocation where the property transaction occurred
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.Keep exploring
The entities involved
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Emeril Lagasse
American chef
Nothing else this week.
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New Orleans
largest city of the state of Louisiana, United States