of 701 Bourbon Street at S. Peters. (I haven't looked at a map but I don't think these streets intersect.) Corner grocers still abound in New Orleans but not as much as in days past. What were obviously once commercial storefronts are peppered at intersections. Some are still in business, many have been converted to homes, some are just boarded up waiting to be put to reuse. Sun and humidity fades ghost signage painted on clapboards in yet-to-be-gentrified parts of the Sodom and Gomorrah of the South.
I was reading the city's zoning laws recently and just because a space once served commercial purposes there is no guarantee that it can again. There is a convoluted permitting process but I'm not sure what it entails. I doubt it is as regressive as Boston's with endless community input and neighborhood associations able to issue the final veto. Though New Orleans is seemingly more tolerant than its New England brethren, it is still a modern city with all the red tape that includes.
I'm betting on Mayor Landrieu's administration to streamline things a bit, but you never know. Once the bureaucrats are in charge there's no end to the hurdles they'll put in one's way. Maybe it's all for the best but I've lived in a world class city buried under layers of regulations, like a dowager smothered for her own good. Be careful how much control you cede to the powers that be. There is a law of unintended consequences and once a rule is established, it is nigh impossible to erase.
Thanks to Shorpy for the link and the view. Note the comments on the initial link to see what the block looks like today.