Demolition Underway at Hammond Square
Making way for exciting new developments for the retail center.
(Image: Proposed rendering of redeveloped Sears space at Hammond Square)
Stirling Properties commercial real estate company announced that demolition is underway at Hammond Square shopping center in Hammond, Louisiana, to make way for an estimated $15 million redevelopment project, and the addition of 4-5 new tenants and restaurants.
The recent store closures of Sears and Rite Aid at Hammond Square presented an opportunity to refresh the development and replace these stores with roughly 90,000 square feet of new retail and restaurant space, which will be complementary to the existing tenant mix and attractive to customers. Both buildings will be demolished and the newly constructed buildings will be reconfigured to face either I-12 or Hwy. 51.
Demolition work commenced in early March and construction on the new space will begin immediately after. The redevelopment is expected to be complete in early 2020. Stirling Properties’ leasing team is currently in conversations with several regional and national retail tenants and restaurants that are interested in the redevelopment.
Also new to Hammond Square, Old Navy is still on track to open this spring. Buildout and expansion of the store are currently underway, and the company has begun hiring employment. Old Navy will occupy 12,500 square feet of space on Palace Drive between Zales and Shoe Dept. Encore.
(Image: Progress on Old Navy store coming soon to Hammond Square)
“Stirling Properties is thrilled about the positive growth of Hammond Square. With the recent closures of Sears and Rite Aid, we are looking forward to this redevelopment and welcoming new tenants and restaurants to the center. We are in negotiations with several high-quality, well-known retailers that will make a great addition to the Hammond market. We hope to make those public announcements very soon,” said Grady Brame, Executive Vice President with Stirling Properties.
Hammond Square is Tangipahoa Parish’s premier shopping destination, located on approximately 100 acres at the northwest corner of Interstate 12 and US Highway 51 Business (SW Railroad Avenue) in Hammond, Louisiana. It is the 2nd largest open-air center in Louisiana encompassing over 902,000-square-feet of more than 40 national and local retailers, shops and restaurants, including Dillard’s, Target, The Home Depot, JCPenney, Academy Sports+Outdoors and AMC Theatres. Stirling Properties redeveloped Hammond Square and currently manages and leases the center.
For more information on Hammond Square, visit www.hammondsquare.com or facebook.com/hammondsquare. For leasing and sales information, contact Rhonda Sharkawy at (504) 620-8145 or rsharkawy@stirlingprop.com.
Stirling Properties Welcomes Old Navy to Hammond Square
Stirling Properties commercial real estate company welcomes Old Navy to Hammond Square retail center in Hammond, Louisiana.
Image: Old Navy at Hammond Square exterior rendering
Old Navy will occupy 12,500 square feet of space on Main Street between Zales and Shoe Dept. Encore. Buildout and expansion of the store space are underway, with plans to open in the spring of 2019. Old Navy provides the latest fashions at great prices for the whole family, including men’s, women’s, women’s plus, kids’, baby and maternity wear.
This will be the 12th location for Old Navy with existing stores in many prominent retail centers across Louisiana, including other Stirling Properties developments such as Premier Centre in Mandeville and Stirling Bossier in Bossier City, Louisiana. Rhonda Sharkawy, Senior Retail Leasing & Development Executive with Stirling Properties, handled the lease transaction on behalf of the landlord.
“Stirling Properties is excited to finally welcome Old Navy to Hammond Square—our shoppers have been eagerly anticipating its arrival. With the recent store closure announcements by Sears and Rite Aid, this will be a welcomed addition to the retail center and we are optimistic that we will have several more new tenants to announce in the coming months,” said Grady Brame, Executive Vice President with Stirling Properties.
Hammond Square is Tangipahoa Parish’s premier shopping destination, located on approximately 100 acres at the northwest corner of Interstate 12 and US Highway 51 Business (SW Railroad Avenue) in Hammond, Louisiana. It is the 2nd largest open-air center in Louisiana encompassing 902,000-square-feet of more than 40 national and local retailers, shops and restaurants, including Dillard’s, Target, The Home Depot, JCPenney, Academy Sports+Outdoors and AMC Theatres. Stirling Properties redeveloped Hammond Square and currently manages and leases the center.
“At a time when many retailers are struggling with the challenges of e-commerce and shifts in consumer behavior, Old Navy is bucking trends and experiencing accelerated sales growth across the country. This store will be the perfect addition to our diverse tenant lineup at Hammond Square, and we are confident it will perform well,” said Brame.
For more information on Hammond Square, visit www.hammondsquare.com or facebook.com/hammondsquare. For leasing and sales information, contact Rhonda Sharkawy at (504) 620-8145 or rsharkawy@stirlingprop.com.
