Nicholson Warehouse purchased for high-end Furniture Outlet

The owners of Monochrome Contemporary Furniture have purchased an 18,500-square-foot warehouse at 1010 Nicholson Drive—formerly home to St. Vincent de Paul—for $600,000 or about $32.50 per square foot. Monochrome, which bought the building from Brickyard Properties LLC, will renovate it for a new location. The business sells high-end contemporary furniture and currently occupies space in the Southdowns Shopping Center on Perkins Road. Ryan Greene and Walt Ketchings with NAI/Latter & Blum Commercial Real Estate brokered the transaction. According to Greene, Monochrome will renovate about half the building for their furniture and interior design store and lease the remaining space. “They hope to get a restaurant for a portion of it, and with the announcement of the Water Campus and all of the other proposed development on Nicholson Drive, this seemed to be a good place to retrofit some good quality retail,” Greene says. The renderings of the project show a large front entrance and walk-up area, taking advantage of the character and age of the building. This stretch of Nicholson Drive, between downtown and LSU, has new owners getting more and more excited about the possibility of gentrification, especially with the announcement of the Water Campus.