55 KSF Former Nursing Home on Market in Trendy Bywater
- Jun 20, 2014
By Eliza Theiss, Associate Editor
If you were charmed by the assisted living center to high-end apartments redevelopment of St. Anna’s, here’s your chance to try your hand at a similar project. The four-story, 75-unit former St. Margaret’s Daughters nursing home/assisted living center has been listed on the market by Corporate Realty at the asking price of $1,985,000, or $26,466.67 per unit.
The 55,115-square-foot former nursing home was initially built as a hospital in the 1970s, but was converted to an assisted living center in 2007, after Hurricane Katrina. It sits on a 49,933-square-foot L-shaped tract bounded by St. Claude Avenue and Gallier, Marais and Desire streets. Floors three and four comprise 25 units each, as well as an activity room, staff lounge and office. The ground level housed exercise rooms, a beauty parlor, a kitchen and dining hall, a chapel, a laundry room, a lobby and support operations. The property had undergone renovations, except the second floor, which was not in use. The property also includes a paved parking area and a courtyard. The masonry-and-concrete building features a stucco exterior, painted sheetrock walls, a suspended tile ceiling and laminate-and-tile floor.
The property also includes a 5,322-square-foot unfinished penthouse, as well as a 471-square-foot electrical building and a 580-square-foot portable building, neither of which is included in the building’s area determination. The former hospital and nursing home is located in the trendy, up-and-coming Bywater neighborhood.
The former nursing home was recently vacated by St. Margaret’s Daughters Homes, as the organization moved to Mid-City, according to Curbed NOLA. In 2013, the assisted-living non-profit embarked on a $37 million renovation of the 115,000-square-foot former Lindy Boggs Medical Center in 2013 to a 112-bed nursing home that would focus on creating a communal, home-like atmosphere for residents and would be named St. Margaret’s at Mercy, reported The Times-Picayune at the time.
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