Retailers at River Chase Shopping Center Celebrate Store Openings
COVINGTON, Louisiana —- (MARCH 8, 2012) River Chase Shopping Center celebrates the store opening of several national retailers in the development’s newest phase. The first openings are scheduled to occur over the next few weeks with others to open this summer. The store opening schedules are as follows:
- March 12 – ULTA Beauty
- March 16 – Michael’s
- Late March to June – Charming Charlie, Maurices, The Children’s Place, Justice, Carter’s and Chuck E Cheese
Currently there are retail and restaurant outparcels, up to six acres, available for sale or lease. In addition, small shop options are available for lease ranging from 1,800 SF to 4,500 SF. For information about these and other retail sales and leasing opportunities contact Rhonda Sharkawy, Retail Leasing & Development Executive for Stirling Properties, at rsharkawy@stirlingprop.com or call (504) 523-4481. For information about the Offices at River Chase contact Lee de la Houssaye, Leasing and Sales Associate for Stirling Properties, at ldelahoussaye@stirlingprop.com or call (985) 246-3774. For more information about the River Chase development contact Townsend Underhill at tunderhill@stirlingprop.com or call (985) 898-2022.
Eye on the Market Highlights – February 2012
Stirling Properties’ Eye on the Market research alert is emailed monthly to our mailing list and features all the latest news and market reports about the Gulf South. We scan local and regional news outlets, as well as economic development groups, university research centers, and more, so that we can compile all the relevant rankings, news, economic development announcements, reports and more in one convenient place. Some highlights from our February 2012 Eye on The Market include:
- Shreveport listed among 5 Markets Beating the Housing Bust
SmartMoney - Baton Rouge ranked 7th for Job Growth through 2020
Business Report - Lafayette’s Median Income Growth Leads Nation’s Metros
The Independent - GE Capital announces creation of technology center in New Orleans
Louisiana Economic Development - Army plans expansion at Fort Polk in Central Louisiana
The Advocate - La. restaurants expected to lead 2012 industry growth
Business Report - Chain restaurants, retailers increasingly locating on north shore
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New Office Park Coming to River Chase
In addition to the announcement of Sam’s Club and other exciting new retail tenants coming to River Chase Shopping Center in Covington, Louisiana, Stirling Properties is actively pre-leasing the first phase of the Offices at River Chase, a 42 acre office park that will feature a parking garage and is within walking distance to hotels, restaurants, banks, a theater, luxury apartments and over 945,000 square feet of retail.
Rendering
The 6-story, 157,400 square-foot premier, Class A office building will be the first of the five-building Offices at River Chase. Available spaces range from approximately 1,800 to 26,000 square feet per floor. The building will be built with state-of-the-art construction using the highest quality materials and will have LEED Silver Certification from the U.S. Green Building Council. The architectural firm is Wakefield, Beasley & Associates, a highly respected firm committed to designing environmentally responsible buildings all over the world. We are looking for 50% minimum preleasing prior to beginning construction. Stirling Properties will be developing, managing and leasing the buildings. For information about the Offices at River Chase contact Lee de la Houssaye, Leasing and Sales Associate for Stirling Properties, at ldelahoussaye@stirlingprop.com or call (985) 246-3774.
Stirling Properties Expands Retail Options at River Chase Shopping Center
Eight National Retailers Prepare to Open Spring 2012
COVINGTON, Louisiana —- (SEPTEMBER 23, 2011) Stirling Properties announces River Chase Shopping Center Phase Two, which broke ground in August, and the addition of eight new national tenants that will bring 85,000 square feet of retail space to River Chase as part of an expansion to the development’s existing shopping center. All stores are expected to open spring 2012 and will occupy built-to-suit space located within the center’s southern end, south of Brewster Road.
Five of the eight national tenants have signed leases. They are as follows:
- Michaels, the largest specialty retailer of arts, crafts, framing, floral and more, will occupy 28,290 SF. This will be the retailer’s second location in Western St. Tammany with a store already in Mandeville.
- Chuck E. Cheese’s, a leader in the family dining and entertainment industry, will occupy 15,400 SF. This will be the second St. Tammany Parish location for the retailer and first for Western St. Tammany.
- ULTA Beauty, the largest beauty retailer providing prestige, mass and salon products and services, will occupy 10,000 SF. This location will be the retailer’s first within the New Orleans Metro and fifth in Louisiana with stores in Baton Rouge, Hammond, and Shreveport and coming soon to Bossier City.
- Charming Charlie, an affordable women’s fashion accessory boutique, will occupy 8,000 SF. This location will be the retailer’s first within the New Orleans Metro and fourth in Louisiana with stores in Lafayette, Baton Rouge and Hammond.
- Carter’s, a leading brand of children’s clothing, gifts and accessories, will occupy 4,300 SF. This marks the retailer’s third location in Louisiana with a store already in Bossier City and an outlet center in Gonzales.
The remaining three national tenants are in lease and will be announced in the near future. Of them, one is a soft-good tenant that will occupy 8,500 square feet. This will mark their first location in Louisiana; a significant move for the retailer and tremendous economic opportunity for St. Tammany Parish. The other two will be great additions to the well-established co-tenancy at River Chase Shopping Center, occupying 3,600 and 5,300 square-foot spaces.
“The expansion of the River Chase Shopping Center is a strong show of the strength of the Western St. Tammany retail market and the continued growth that this market is seeing,” said Stirling Properties’ Vice President of Development Townsend Underhill. “It is very exciting to see such highly regarded national retailers enter the Western St. Tammany market for the first time and we know they will be successful at River Chase.”
This announcement comes on the heels of the official announcement that Wal-Mart Stores, Inc. will build an upscale Sam’s Club at River Chase which is scheduled to open in fall 2012 – just months after these multiple retailers open.
On top of the new retail activity at the River Chase Shopping Center, the entire River Chase development is experiencing new growth. Brewster Commons at River Chase is currently renting 1, 2 and 3 bedroom luxury apartment homes for November occupancy. Holiday Inn Express and Fidelity Homestead Savings Bank are also set to begin construction at River Chase later this year. As well, a 42-acre office park is now pre-leasing 157,400 square feet of space which will be located east of Stirling Boulevard across from the new Sam’s Club location.
For more information about the River Chase development contact Townsend Underhill at tunderhill@stirlingprop.com or call (985) 898-2022.
For information about new construction opportunities, one to six acre outparcels for sale and retail leasing inquiries, contact Rhonda Sharkawy, Retail Leasing & Development Executive for Stirling Properties, at rsharkawy@stirlingprop.com or call (504) 523-4481.
For information about the Offices at River Chase contact Lee de la Houssaye, Leasing and Sales Associate for Stirling Properties, at ldelahoussaye@stirlingprop.com or call (985) 246-3774.
Stirling Properties Officially Announces Sam’s Club is Coming to River Chase
COVINGTON, Louisiana —- (AUGUST 16, 2011) Stirling Properties, the developer of River Chase, officially announces that Sam’s Club is coming to River Chase Shopping Center, the largest open-air retail center in St. Tammany Parish. Sam’s Club closed today on the purchase of a 16.58 acre site for the development of a new, 136,000 square foot store at River Chase. Wal-Mart Stores, Inc., the parent company for Sam’s Club, has committed to build their top of the line prototype building at the River Chase site, which will not resemble any other Sam’s Club in Louisiana.
This new Sam’s Club will be the only one in western St. Tammany and construction on the predominantly stone and brick facade will begin soon as Sam’s has already obtained all the necessary permits to begin. The anticipated opening is scheduled for fall 2012 and is expected to provide 100+ jobs for the area.
For more information about the Sam’s Club deal or River Chase development contact Townsend Underhill, Vice President of Development for Stirling Properties, at tunderhill@stirlingprop.com or by phone at (985)-246-3785.
Apartment Developer Set to Break Ground Immediately at River Chase
Stirling Properties moves forward with next phase of the development
COVINGTON, Louisiana—- (FEBRUARY 25, 2011) River Chase, Stirling Properties’ master planned, mixed-use development, announces the construction of a 240 unit, garden-style, apartment complex set to break ground early this March. A little over 12 acres was purchased on Friday by developers Favrot & Shane Cos., one of Louisiana’s largest apartment developers, in a deal that marks the first new building construction at River Chase since the completion of the River Chase Shopping Center in 2005.
The apartment project, known as Brewster Commons at River Chase, is expected to be completed later this year with units available to rent as early as December 2011. Brewster Commons will be located on Brewster Road right behind Target where the convenience of living near shopping, dining and entertainment are within walking distance.
When complete, River Chase will consist of over one million square feet of office space, one million square feet of retail space, apartments, condos, two hotels, numerous restaurants and other retail uses. Recently certified by the Louisiana Economic Development committee as an LED Certified Site, River Chase met all the requirements to start the construction of Brewster Commons without any delay.
“By making River Chase shovel-ready, we were able to attract powerful developers like Favrot & Shane who are known for building some of New Orleans best apartment complexes,” said Townsend Underhill, Vice President of Development for Stirling Properties. “Brewster Commons at River Chase is just the beginning of Stirling Properties master plan. We’re building a productive mixed-use development with other exciting projects in the pipeline.”
To view the Site Plan or for more information about River Chase contact:
Retail:Rhonda Sharkawy, Leasing & Development Executive
(504) 620-8145, or rsha@stirlingprop.com
Outparcel & Hotels:William Barrois, Sales & Leasing Executive
(985) 246-3736, or wbarrois@stirlingprop.com
Office:Lee de la Houssaye, Leasing Sales Associate
(985) 246-3774, or ldel@stirlingprop.com
About River Chase
River Chase is a master planned, mixed-use development. It’s located amidst 253 acres of prime interstate property adjacent to the Tchefuncte River with direct access to Interstate 12 via two interchanges that bound the eastern and western borders of the development, Louisiana Highway 21, and convenient access to the Lake Pontchartrain Causeway and the City of New Orleans. Currently anchored by Target, Belk, JCPenney, Best Buy, Marshalls, Ross Dress For Less and a 14-screen stadium style Hollywood Theater, the 640,000 square feet River Chase Shopping Center, is the largest open air retail center in St. Tammany Parish. When complete, River Chase will consist of retail, office, hotel, and multi-family residents. For more information visit www.river-chase.com.
