Stirling Properties Hosts Tour of Mid-City Market Development Under Construction
Last week, Stirling Properties and VergesRome Architects hosted a building and site construction tour of Mid-City Market in New Orleans for the Urban Land Institute (ULI) of Louisiana, prior to the center opening to the public. Approximately 50 people attended the event, ranging from real estate professionals, designers, and developers to interested neighbors and residents. The event gave ULI members and non-members the opportunity to hear from the project team related to design, construction, deal structure, tenancy, and many other items related to the collaborative urban neighborhood development process.
Architects Chip Verges and Michael Roussel of VergesRome Architects discuss design themes and architectural challenges associated with the Mid-City Market development in New Orleans.
Located at the northwest corner of North Carrollton Avenue and Bienville Street in Mid-City New Orleans, Mid-City Market is a 107,000 square-foot, grocery-anchored urban infill shopping center. Stirling broke ground on the project in March 2012 and will be opening the project to the public with Winn-Dixie in late July. Prior to Stirling’s acquisition and development of the roughly $35 million project, the 6.5 acre site sat vacant and blighted since Hurricane Katrina. Designed by Mid-City architecture firm VergesRome Architects, the building and site design incorporate extensive pedestrian features, contextual urban and adaptive reuse architecture, and will complement the future Lafitte Greenway adjacent to the site.
Stirling Properties is a proud sponsor of the Urban Land Institute and is pleased to be involved with its activities in Louisiana. For more information about the Mid-City Market development or Stirling Properties, contact Jordi Goodman, Development Manager, at 985-898-2022 or at jgoodman@stirlingprop.com. For leasing information, contact Henry Spain, Sales and Leasing Agent at 504-620-8147 or at hspain@stirlingprop.com.
Stirling Properties’ Marty Mayer to Serve as Divisional Vice President of ICSC
Marty Mayer, President & CEO of Stirling Properties, has been elected to serve as the Vice President of the International Council of Shopping Centers’ (ICSC) Southern Division. This was made official during ICSC’s Annual Meeting of Regular Members, held during ICSC RECon in Las Vegas, Nevada.
As an ICSC Divisional Vice President, Mr. Mayer has also been appointed to serve on the Government Relations Advisory Committee.
Mr. Mayer currently serves on the Executive Committee of ICSC’s Worldwide Board of Trustees and has previously served as the Co-Chairman of ICSC’s Open Air Center Committee and as Louisiana State Director and Louisiana State Operations Director for ICSC.
Stirling Properties & JCH Development to Develop Magnolia Marketplace Shopping Center in New Orleans, La.
Stirling Properties and JCH Development today announced the joint venture to develop Magnolia Marketplace Shopping Center in New Orleans, Louisiana. Construction will begin with the first building in the center, a 6,000 square foot building, with a 3,000 square foot Capital One bank branch. The Central City shopping center will be located at the intersection of South Claiborne Avenue and Fourth Street, adjacent to the larger future phases of the Magnolia Marketplace Shopping Center.
“We are proud to bring a high quality development to a severely underserved portion of the Claiborne corridor and return yet another vacant and blighted property in the City to commerce”, said Jordi Goodman, Development Manager for Stirling Properties.
“Our team is excited to introduce new services and shopping experiences, in a location that is accessible to the neighborhood as well as to all of New Orleans’ residents” said Tara Hernandez, President of JCH Development.
The 6,000 square foot center will serve as a catalyst to future development along the Claiborne corridor and will precede the balance of the Magnolia Marketplace Development located at South Claiborne and Toledano Streets slated for commencement in fall of 2013. Once completed the center will be 138,000 total square feet. Stirling and JCH have secured leases for 108,000 square feet with established national retail tenants. Stirling is currently in negotiation with tenants for the remaining spaces in the center and other tenant announcements will be forthcoming.
For more information, contact Jordi Goodman at jgoodman@stirlingprop.com or 985-898-2022, or for leasing information contact Rhonda Sharkawy at rsharkawy@stirlingprop.com or 504-523-4481.
Forbes ranks New Orleans #3 for Information Technology Jobs
In a recent Forbes article, “The Cities Winning the Battle for Information Jobs,” author and researcher Joel Kotkin ranks Greater New Orleans as #3 in the USA, behind only technology heavyweights Silicon Valley and San Francisco. In the article, he states “Perhaps the most dramatic player is third-place New Orleans-Metairie-Kenner, where information employment is up 28% since 2009”. The information sector in metro New Orleans “is very broad-based, including companies in digital effects, videogames, software development as well as a burgeoning film and television industry,” writes Kotkin. “The recent decision by General Electric to place its new technology center and its 300 new technology jobs in New Orleans is another sign of the Crescent City’s emergence as a viable information hub.” Additionally, when you consider the recent announcement of IBM in Baton Rouge, it is even more impressive for our super region in general.
Based on the employment growth in the IT sector over the long-term (2001-2012), mid-term (2007-2012) and the last two years, as well as momentum, the Top Ten Tech metros are:
- Silicon Valley
- San Francisco
- New Orleans
- Bostom
- Austin
- Atlanta
- San Antonia
- Raleigh
- Phoenix
- Nashville
You can read the entire article, including more detail on the methodology, here.
Mid-City Market – May Update
Below, please find a series of photos showing site progress conditions from the week of May 13, 2013.
Since our last update, the construction activities at Mid-City Market have accelerated considerably and we are seeing the finish line ahead. We have turned over all 11 spaces to tenants, including since the last update Ochsner Medical Center, Verizon Wireless, Five Guys Burgers and Fries, Felipe’s Taqueria, and Pinkberry. Many of the tenants have begun their interior buildout work and are scheduled to open for business starting the first week of July.
At Winn-Dixie, we have completed all of the exterior brick work, interior walls, and are closing out our mechanical, electrical, and plumbing work. The coolers and freezers in the interior are complete, and the large storefront element is nearing completion with the concrete entrance being poured soon. We continue to build out the interior of their space and set equipment prior to completing the interior finishes. The glass and exterior glazing is beginning as well. Additionally, we will be installing the subgrade material, curb and gutter, asphalt, and stamped concrete in the parking and common areas while we complete the remaining Winn-Dixie work.
We are also nearing completion on the remainder of the site that is not in our tenants’ possession.
Completed Exterior Storefronts – Retail B – 5/14/2013
Complete Retail C Building and Site – Tenant Work 5/14/2013
Marty Mayer selected for Young Leadership Council’s 2013 Role Model Class
Marty Mayer, President & CEO of Stirling Properties, is among 25 New Orleanians recently selected by Young Leadership Council (YLC) for their 2013 Role Model class. YLC, a non-profit civic organization that develops leadership skills through community projects, will honor each Role Model at their 27th Annual YLC Role Model Gala.
Every year, a committee composed of members of the YLC Board of Directors and Role Models from previous years selects 25 members of the New Orleans community who serve as outstanding examples for the young talent that YLC represents. Honorees distinguish themselves by promoting a positive attitude and an unyielding desire to enhance the quality of life in the New Orleans region, striving to unite the community in collaborative efforts for its future prosperity, serving as exemplary role models to young talent, and making significant contributions in their specific fields of endeavor.
“For over 26 years, we have identified leaders in our community who represent the qualities that YLC works hard to promote in our members. This year’s honorees are no exception,” said Richard Pavlick, 2013 YLC Board President. “We are excited to honor this group of outstanding individuals at this year’s Role Model Awards Gala.”
Other members of the 2013 Role Model class include:
- Charlotte A. Bollinger, Bollinger Shipyards, Inc.
- Marsha A. Boudy, New Orleans Jazz & Heritage Festival and Foundation
- Nannette Jolivet Brown, United States District Court for the Eastern District of Louisiana
- John M. Duck, Adams and Reese LLP
- Ben Hales, New Orleans Saints and New Orleans Pelicans
- Juli Miller Hart, Projects With Purpose
- Paul Hoolahan, Sugar Bowl
- Janet R. Howard, Bureau of Governmental Research
- Gary LaGrange, Port of New Orleans
- John Landrum, Intralox LLC
- Patricia LeBlanc, LeBlanc Butler LLC
- Peggy Mendoza, City Year New Orleans
- Virginia Miller, Beuerman Miller Fitzgerald
- Kenneth Polite, Liskow & Lewis
- Ann Rabin, Citizens for 1 Greater New Orleans
- Dorothy “Dottie” Reese, DMM & Associates, LLC
- Stephen Romig, LaPorte CPAs & Business Advisors
- Stephen Rosenthal, Strategic Comp
- G. Albert Ruesga, PhD, Greater New Orleans Foundation
- Yaye Sarr, D.D.S., Smiles To Geaux
- Chris Schultz, Launch Pad & Flatstack
- Pamela Senatore, Generation Louisiana LLC
- Ann Tuennerman, Tales of the Cocktail
- Warner Williams, Chevron
About Young Leadership Council
The Young Leadership Council is a non-profit, non-partisan civic organization created to develop leadership through community projects. Through volunteer-created community projects, the YLC recruits and retains young professionals to New Orleans, creating a positive impact on the quality of life in the region. The oldest, independent YPO (young professionals’ organization) in the country, the YLC has raised more than $25 million to support community projects in and around the New Orleans area since 1986.