Developers Break Ground on Nicholson Gateway in Baton Rouge
Stirling Properties was pleased to participate in the groundbreaking of Nicholson Gateway last week, a 28-acre mixed-use housing and retail development located on the northwest corner of Nicholson Drive and Skip Bertman Drive across from Tiger Stadium. The development will include a 1,700-bed student housing and athletic dormitory with study areas and green spaces, as well as roughly 50,000 square feet of university focused retail space.
Stirling Properties was selected as the retail developer and leasing broker on the project, working with the prime developer, Georgia-based RISE that specializes in student housing. Stirling Properties will also handle on-going retail property management.
“Stirling Properties is proud to be involved on the development team of Nicholson Gateway. This mixed-use project will not only enhance the LSU campus, but will provide an activity hub for students and visitors,” said Townsend Underhill, Stirling Properties Senior Vice President of Development. ”In addition, this growth is creating much needed on-campus student housing, new job opportunities and economic development for the area.”
Nicholson Gateway is expected to be open to students for the fall semester of 2018. The development will transform one of the largest remaining underdeveloped tracts of university property, turning an overlooked area into an exciting new corridor.
For leasing information, please contact Rhonda Sharkawy at rsharkawy@stirlingprop.com or (504) 620-8145; or Dottie Tarleton at dtarleton@stirlingprop.com or (225) 922-4253.
Stirling Properties Brokers Sale of 14-Acre Property To Athlos Academies in Terrytown, Louisiana
Stirling Properties is pleased to announce the sale of 14 acres of property to Athlos Academies for a new charter school that will be located at 979 Behrman Highway in Terrytown, Louisiana.
Athlos Academies is preparing to build a 90,000-square-foot facility, including state-of-the-art classrooms and fully-equipped indoor physical fitness centers with both hardwood court and turf field space. The tuition-free, public school—Athlos Academy of Jefferson Parish—plans to open in the fall of 2017 and will serve approximately 900 K-6 students in its first year.
“I am proud to bring this opportunity to students where I live on the Westbank of Jefferson Parish,” says Ben Bourgeois, chair of the Athlos Academy of Jefferson Parish governing board. “This school will not only impact students, it will also contribute to the economic development of the community. We’re grateful to the many local organizations that recognize this and have already offered their support.”
Athlos Academies purchased the property from the Beninate Family represented by Nick Beninate, Mary Landry and Kathy Trauth.
Stirling Properties’ Sales and Leasing Executive, Joe Gardner, handled the transaction and says he is delighted with such progress for the area.
“Over the last 18 months, the Beninate family has consummated deals with DaVita Dialysis Clinic, Dollar General and now Athlos Academy. It’s great to work with sellers who are prudent as well as motivated to finalize deals,” said Gardner.
Athlos Academy of Jefferson Parish provides a unique approach to teaching and learning. Its mission is to provide high quality educational opportunities for children by building on three foundational pillars: Prepared Mind, Healthy Body, and Performance Character. Students will participate in daily scientifically-developed physical activity sessions, develop performance character traits, and benefit from a research-based academic curriculum that results in high academic achievement for all.
“Education is an important part of expansion and economic growth for any area,” said Gardner. “There is strong consumer demand for good schools, and demand increases real estate values; neighborhoods grow and retailers follow. It is a win-win for everyone.”
Stirling Properties has been at the forefront of commercial real estate in South Louisiana and the Gulf South region, and is committed to bringing quality retailers, developments and tenants to the area. Stirling Properties currently manages more than 16 million square feet of property, with close to 114 million square feet of property and land for sale or lease, almost exclusively in Louisiana.
For sales and leasing information, contact Joe Gardner at (504) 620-8140 or jgardner@stirlingprop.com.
Walk-On’s Coming to River Chase in Covington, Louisiana!
Stirling Properties, NAI Latter & Blum and Greenleaf Architects announce Walk-On’s Bistreaux & Bar is coming to River Chase mixed-use development in Covington, Louisiana. This will mark the 1st Northshore location for the highly anticipated sports restaurant and bar.
This week, the company closed on the purchase of 1.82 acres of property located on the northwest corner of Stirling Blvd. and Brewster Road next to Sam’s Club. Construction on the site will commence within the next couple of weeks. The restaurant will occupy roughly 9,600 square feet and is expected to open by the summer of 2017, according to Arkel Constructors who has been chosen as the General Contractor.
Stirling Properties’ Senior Retail Leasing & Development Executive, Rhonda Sharkawy, represented the property owners, and Beau Bourque with NAI Latter & Blum represented the tenant. Greenleaf Architects was selected to design the custom restaurant for the new Northshore location.
The popular restaurant started by two LSU students in Baton Rouge has thrived over the years, and expanded into multiple locations. The next stop for Walk-On’s is right here in St. Tammany Parish, and Greenleaf Architects is fortunate enough to work closely with Walk-On’s Enterprises in making this happen. As a firm full of LSU graduates who frequented the original location on Burbank Drive throughout college, this is truly an honor for Greenleaf Architects. The Covington location will include a rooftop bar, “The Upper Deck”, an element unique to the design by Greenleaf Architects. The Upper Deck will feature group seating and additional space for catching a game under the skyline of St. Tammany Parish.
“Stirling Properties is pleased to welcome Walk-On’s Bistreaux & Bar to River Chase,” said Townsend Underhill, Senior Vice President of Development at Stirling Properties. “They join a dynamic assortment of restaurants, retailers, hospitality, multi-family, and office users offering a one-of-a-kind, mixed-use destination for the entire region.”
“Among other attributes, low stress ingress & egress and complementary anchor/junior anchor tenants together with Stirling Properties’ and St. Tammany Parish’s commitments to developing a live/work/play environment that improves quality of life attracted Walk-On’s to River Chase. I look forward to seeing Greenleaf Architects’ exceptional design come to life,” said Beau Bourque, Sales & Leasing Associate with NAI Latter & Blum.
River Chase is a 253-acre premier mixed-use development located on the southeast corner of Interstate 12 and LA Highway 21 in Covington, Louisiana. The center includes retail, restaurants and entertainment options, as well as a Holiday Inn Express, Regal Cinema, 500+ luxury residential apartment units, and a 48,000-sqaure-foot class A office building currently under construction. Stirling Properties developed River Chase and currently manages and leases the property.
Anchored by Target, Belk, JCPenney, Best Buy, Marshalls, Ross Dress For Less and Sam’s Club, River Chase shopping center occupies 945,000 square feet, and is the largest open air retail center in Louisiana. Additional tenants include Carter’s, Cato, Charming Charlie, Chuck E. Cheese’s, Cost Plus World Market, Dickey’s Barbecue Pit, Family Cuts, Fidelity Homestead Savings Bank, Five Below, GameStop, Hibbett Sports, Holiday Inn Express, In Style Salon, John V Salon & Spa, Justice, Lane Bryant, Maurices, Men’s Wearhouse, Michaels, Nevada Bob’s Golf, Nutrishop, Oreck Vacuums, Pink & White Nails, Regal Cinemas, River Chase Cleaners, Rooms To Go (opening 2017), rue 21, Sephora, Shoe Carnival, The Children’s Place, ULTA Beauty, Verizon Wireless, Walk-On’s Bistreaux & Bar, Which Wich and Zoe’s Kitchen. Outparcel tenants include Chick-fil-A, LongHorn Steakhouse, Regions Bank, Taco Bell, Texaco and Wendy’s.
Mid-City Market 100% Leased!
Addition of new retail & restaurant tenants
Stirling Properties commercial real estate company welcomes new tenants to Mid-City Market in New Orleans, Louisiana, and is pleased to announce that the center is 100% leased.
ASI Federal Credit Union will occupy the last remaining 2,541 square feet of space. Build-out of the space is underway, and the company plans to open in January of 2017. This will mark the 2nd Mid-City location for ASI Federal Credit Union.
Previously announced Mr. Ed’s Oyster Bar & Fish House successfully opened earlier this week, marking the 4th location for the popular New Orleans restaurant. It occupied the former Pei Wei Asian Diner space.
Stirling Properties Sales & Leasing Executive, Joe Gardner, handled both transactions.
Located on 6.5 acres at the northwest corner of North Carrollton Avenue and Bienville Street in Mid-City New Orleans, Mid-City Market is a 109,000-square-foot urban infill shopping center. Anchored by Winn-Dixie, the center is home to a diverse mix of local and national retailers and restaurants including Office Depot, Jefferson Feed Pet & Garden Center, Panera Bread, Verizon Wireless, Felipe’s Taqueria, Mr. Ed’s Oyster Bar & Fish House, Five Guys Burgers and Fries, Ochsner Health Center, GNC, Pinkberry, Pizza Hut, Shine Spa + Specialties, LA Nails Spa, and Mariposa Salon & Spa. Stirling Properties developed Mid-City Market and currently manages and leases the center.
Stirling Properties broke ground on the development in early 2012 and celebrated a grand opening in July of 2013. Mid-City Market is Stirling Properties’ largest ground-up retail development in New Orleans and represents one the of the most significant retail developments in the city following Hurricane Katrina. Stirling Properties acquired the vacant, blighted site and returned it to commerce after a $40 million investment. Mid-City Market now serves as the retail and restaurant center of the community, delivering new jobs, new tax revenue and new energy to this vibrant corridor. The retail center is credited with creating over 500 new jobs for the area.
Mid-City Market was designed to incorporate extensive pedestrian features, contextual urban and adaptive reuse architecture, and to complement the adjacent Lafitte Greenway pedestrian and bicycle pathway, melding the retail center to the culturally rich urban neighborhood and extensive architectural history.
“Stirling Properties remains committed to the City of New Orleans and surrounding communities. Our mission is to create economically sustainable retail developments that produce long-lasting benefits to the communities in which they are built—and Mid-City Market is a perfect example of that,” said Grady Brame, Executive Vice President for Stirling Properties. “This center provides services to a great number of local residents and visitors, and is a dynamic economic contributor. We are proud of its progress and success.”
Stirling Properties has been at the forefront of commercial real estate management, investment and development in the greater New Orleans area and surrounding Southeast Louisiana region. Stirling Properties has developed more than 3.7 million square feet totaling $465 million since 2010, and currently has more than 114 million square feet of property and land for sale or lease. Other Stirling Properties management and development projects in New Orleans include, Offices at Mid-City Market, Magnolia Marketplace, Fresh Market and Pan American Life Center, just to name a few.
Ambassador Town Center 100% Leased!
Stirling Properties and CBL & Associates Properties, Inc. welcome four new tenants to Ambassador Town Center in Lafayette, Louisiana. Developers are pleased to announce the center is now 100% leased!
5 Star Nutrition has leased 1,759 square feet of space, with an anticipated opening in November. This marks the company’s 2nd location in south Louisiana, and 5th location for the state.
Orangetheory Fitness will occupy 3,300 square feet and is expected to open in December. This will be the 4th Louisiana location for the company.
Sprint will occupy 1,286 square feet and anticipates opening later this year.
Newly leased I Love Juice Bar is celebrating its 1st Louisiana location. It will occupy 1,250 square feet and also plans to open later this year.
Rounding out the tenants, previously announced Just 4 Him Men’s Haircut Lounge celebrated its grand opening last week, and Half Shell Oyster House is still on track to open next month. They join 30 other retailers and restaurants that call the shopping center home, including anchor tenants Costco Wholesale and Dick’s Sporting Goods/Field & Stream. Last month, developers also installed a public walking/jogging trail at the site for community use.
“The growth of Ambassador Town Center since its opening six months ago is impressive,” stated Michael Lebovitz, executive vice president, development and administration, CBL & Associates Properties, Inc. “We’re thrilled to add additional national names like Orangetheory Fitness – one of the fastest growing fitness franchises in the country – to our line-up and continue to offer the Lafayette community a vibrant and dynamic lifestyle destination.
“We are extremely proud of the success at Ambassador Town Center,” said Townsend Underhill, Senior Vice President of Development for Stirling Properties. “Getting a retail center of this size 100% leased within 6 months of its grand opening is a huge accomplishment in any community. The progress of this center truly represents the strength of the Lafayette market, especially during this challenging economic time.”
Ambassador Town Center is a roughly 60-acre premier regional shopping and entertainment destination, as well as a vital economic contributor to the area. With more than 430,000 square feet of retail space, the center offers a great variety of national and local shopping and dining options. Most of the retailers opened at Ambassador Town Center are either first-time locations within Lafayette or Louisiana, or both.
Located at the southeast corner of Lafayette’s ‘main-at-main’ intersection, Ambassador Caffery Parkway & Kaliste Saloom Road, the development also includes 5 Star Nutrition, Avalon Salon & Spa, BJ’s Restaurant & Brewhouse, Blaze Pizza, Chuy’s Mexican Restaurant, Costco Gasoline, Dickey’s Barbecue Pit, Five Below, Freddy’s Frozen Custard & Steakburgers, Half Shell Oyster House, I Love Juice Bar, Just 4 Him Men’s Haircut Lounge, Marshalls/HomeGoods, Nordstrom Rack, Off Broadway Shoes, Orangetheory Fitness, Panda Express, Panera Bread, PetSmart, Phone Zone, Professor Bob Beans Coffee Bar & Ice Cream Lab, Red Robin, Sprint, Subway, Tao Asian Cuisine, World of Beer and Verizon.
Stirling Properties and CBL & Associates Properties, Inc. formed a joint venture to develop the center, and construction began in January of 2015. The companies currently manage and lease the property. Ambassador Town Center has been credited with creating approximately 2,200 construction jobs, roughly 1,700 permanent jobs and nearly $9 million annually in sales taxes for the City of Lafayette.
Stirling Properties and CBL and Associates Properties, Inc. Install Public Walking Trail at Ambassador Town Center in Lafayette
Ambassador Town Center developers, Stirling Properties and CBL & Associates Properties, Inc., are pleased to announce the installation of a public walking/jogging trail for the surrounding community.
The new outdoor path borders the 12-acre retention pond located behind Costco Wholesale, which was dedicated to the City of Lafayette as a public greenspace. Roughly ¾ mile, the trail was installed as a municipal amenity along the top of the pond, and was landscaped similar to how river levees are used throughout the state. New fountains were also added to enhance the outdoor space. Additionally, the new trail can be combined with adjacent Beaullieu Park via sidewalk along the recently constructed Lake Farm Drive, offering an interconnected exercise and leisure opportunity. The walking/jogging path is free and open for public use.
“Stirling Properties is committed to the Lafayette community. Our hope is that Ambassador Town Center will become more than just a retail center, we want it to be a true community center,” said Townsend Underhill, Stirling Properties Senior Vice President of Development. “The addition of the walking trail will not only enhance the aesthetics of the area, but will provide local residents and shoppers with a great place to exercise and get some fresh air.”
Ambassador Town Center is a roughly 60-acre retail project anchored by Costco Wholesale and Dick’s Sporting Goods/Field & Stream, consisting of more than 430,000 square feet. Located at the southeast corner of Lafayette’s ‘main-at-main’ intersection, Ambassador Caffery Parkway & Kaliste Saloom Road, the development also includes Avalon Salon & Spa, BJ’s Restaurant & Brewhouse, Blaze Pizza, Chuy’s Mexican Restaurant, Costco Gasoline, Dickey’s Barbecue Pit, Five Below, Freddy’s Frozen Custard & Steakburgers, Half Shell Oyster House, Just 4 Him Men’s Haircut Lounge, Marshalls/HomeGoods, Nordstrom Rack, Off Broadway Shoes, Panda Express, Panera Bread, PetSmart, Phone Zone, Professor Bob Beans Coffee Bar & Ice Cream Lab, Red Robin, Subway, Tao Asian Cuisine, World of Beer, Verizon, and more supporting shops and restaurants to come. Most of the retailers committed to Ambassador Town Center are either first-time locations within Lafayette or Louisiana, or both. At completion, Ambassador Town Center is expected to be the premier regional shopping and entertainment destination, as well as a vital economic contributor to the area.
For more information, please visit stirlingproperties.com or cblproperties.com.
For leasing information, contact Ryan Pecot at 337.572.0246 or rpecot@stirlingprop.com or Tim Gilmore at 423.490.8358 or Tim.Gilmore@cblproperties.com. For information on Ambassador Town Center, please visit ambassadortowncenter.com.
