Fremaux Town Center – December Update
Fremaux Town Center – As of December 16, 2013
Fremaux Town Center is branded with it’s Interstate pylon now complete. Building construction operations are focused on the March Grand Opening and interior tenant construction continues on the Anchor stores. Individual tenant contractors are expected the first of the year to commence with small shop build outs. Paving and Landscaping installation is progressing with a completion projected for February.
Stay tuned for more updates!
Fremaux Town Center – November Update
Fremaux Town Center – As of November 18, 2013
Fremaux Town Center is really starting to take shape! Exterior color finishes are being added to the buildings and the Shopping Center’s pylon is rising from its base. The parking field is defined with asphalt, and the lot lighting and landscaping are being installed. The interior work on the specific tenant build-out requirements is taking shape and several tenant contractors will be on site starting in late December.
We are pushing for a March 2014 grand opening for Phase I with the majority of tenants opening by that time, so the next few months will be busy with even more construction. Stay tuned for more updates!
Fremaux Town Center – October Update
Almost overnight Fremaux Town Center has risen into a sizable addition to the landscape of Slidell. Building construction is continuing with all of the Phase 1 tenant buildings vertical and many with roofs completed and facades commenced. Color is being added to the exteriors and identification of the major tenant’s storefronts are becoming obvious. Interior work is also underway for the anticipated Spring openings.
Site work has progressed with curb and paving of the parking lots and drives. Landscape islands and ponds are developing with planting to commence in about 30 days.
Stay tuned for an upcoming announcement about newly signed tenants!
Stirling Properties’ Townsend Underhill Elected to Board of Directors for St. Tammany West Chamber of Commerce
Stirling Properties is pleased to announce that Townsend Underhill, Senior Vice President of Development, has been elected to serve on the Board of Directors for the St. Tammany West Chamber of Commerce.
The Board of Directors is comprised of local business professionals who are passionate about smart growth and quality of life in West St. Tammany. The success of the Chamber is due in large part to the Board’s time, energy and willingness to voluntarily serve. Mr. Underhill will serve on the Board for the 2014-2016 term.
Louisiana Rising in the National Rankings
As the International Council of Shopping Center’s (ICSC’s) State Director for Louisiana, I recently contributed an article for the July 2013 edition of our Quarterly Membership Newsletter that I’d like to share:
As the returning ICSC State Director, I am extremely excited about the progress that we are making in the State of Louisiana on a number of fronts. Most importantly for our retail industry the economic and business growth trends continue to show a phenomenal trend for the region. Over the last 5 years, Louisiana has risen significantly across numerous national rankings – and the accolades keep coming! It’s hard to keep up with all the good news, which is a great problem to have. Highlighted below for quick reference are some of the rankings earned by the State of Louisiana over just the last quarter – very impressive for a state that was traditionally on the bottom of every list.
Louisiana Rankings – 2nd Quarter 2013:
- Top 10 Most Entrepreneurial States
CNN Money, June 2013
- #1 State with the Most Engaged Employees (most involved & enthusiastic)
Gallup, June 2013
- 2nd in the U.S. for construction job growth from May 2012 to May 2013
Associated General Contractors of America, June 2013
- 11th among “Best/Worst States for Business” based on CEO survey (most improved in the U.S. over the past 4 years, up 33 spots since 2009)
Chief Executives, May 2013
- Top 5 State in the U.S. for worldwide exporting in 1st Quarter 2013
World Trade Center of New Orleans, May 2013
- #2 Best States for Retirement
Bankrate.com, May 2013
- #7 among “Top Ten Competitive States of 2012”
Site Selection, May 2013
- 2nd Least Stressed State in 2012
Gallup-Healthways Well-Being Index, April 2013
- 1 of 6 states experiencing the largest increases in entrepreneurial activity rates over the past decade; 9th for 2010 to 2012 Entrepreneurial Activity with a rate of 400 per 100,000 residents (U.S. 300 per 100,000)
Kauffman Index, April 2013
- 2nd fastest revenue growth (up 170%) and 4th fastest growth in number (up 84%) of women-owned firms from 1997 to 2013
The State of Women-Owned Businesses, March 2013
- 12th in the U.S. for per-capita economic development project wins
Site Selection’s 2012 Governor’s Cup, March 2013
- Record-breaking $63.2 billion in merchandise exports in 2012, growing 15% over 2011
International Trade Administration, March 2013
- 3rd Best State for Banking
MoneyRates.com, March 2013
Louisiana’s cities and metro areas are also commanding positive national attention. Summarized below are some of the rankings earned over just the last quarter in these areas.
Notable Metro/City Rankings – 2nd Quarter 2013:
- Lafayette #1 overall among 100 Leading Locations in the U.S. for economic & job growth; #1 for Economic Strength, Year-Over-Year Growth & “Recession-Busting” factors among Top 25 Mid-Size Cities
Area Development’s Leading Locations for 2013, Summer 2013
- New Orleans and Shreveport among Top 20 Fastest Growing Cities in U.S.
NerdWallet.com, June 2013
- New Orleans is America’s Fastest Growing City
Forbes, June 2013
- New Orleans #3 among “Big Cities Winning the Battle for Information Jobs”
Forbes, May 2013
- Benteler Steel/Tube in Shreveport among “Top North American Deals of 2012” – 2nd largest investment in the U.S. during 2012
Site Selection, May 2013
- New Orleans #2 “Boomtown” in America, based on population and GDP growth
Bloomberg, April 2013
- Baton Rouge and Alexandria among “25 Best Places to Retire” out of 400 total U.S. cities
Forbes, March 2013
- New Orleans & Baton Rouge among Top 30 Best Cities for Young Entrepreneurs 2013
Under30CEO, March 2013
Louisiana has fared relatively well during the Great Recession and the national rankings show it. National and trade publications are taking notice and businesses are too. Louisiana is well positioned for a great future.
Grand Opening of Mid-City Market
Stirling Properties’ largest ground-up Retail Development in New Orleans
Today, Stirling Properties celebrates the grand opening of Mid-City Market, located at North Carrollton Avenue and Bienville Street in New Orleans. The 108,763 square-foot shopping center, anchored by a 54,390 square-foot Winn-Dixie, represents one the of the most significant retail developments in New Orleans since Hurricane Katrina. This highly anticipated urban development brings new retailers to an established, historical neighborhood. The Honorable Mayor Mitch Landrieu commented that, “Mid-City Market is proof that New Orleans is building back better than before. This project took once blighted and vacant properties and transformed them into a retail and restaurant hub for the community. It’s another example of a strong public-private partnership delivering new jobs, new tax revenue and new energy to this important corridor. The project also will nicely complement the nearby Lafitte Greenway, the linear park that will link neighborhoods and spur activity and redevelopment across the city.” Mid-City Market is a result of over $40 Million in private investment, illustrating Stirling’s continued commitment to the market. The center creates over 500 new jobs in the area. Mid-City Market was designed to complement and address the proposed Lafitte Greenway pedestrian and bicycle pathway that is scheduled to begin construction later this year and will border the shopping center. “We have been diligently pursuing this development for the better part of 4 years. Completing this project is the culmination of a great deal of work by many people. It is extremely gratifying for us all to see the fruits of our labor, this project is very exciting for the future of the City of New Orleans and the Mid-City neighborhood,” states Townsend Underhill, Senior Vice President of Development at Stirling Properties. To commemorate the Grand Opening, special guests Mayor Mitch Landrieu, Councilwoman Susan Guidry, and Winn-Dixie’s Regional Vice President Karena Niblett will attend. Stirling Properties’ President and CEO Marty Mayer and Senior Vice President of Development Townsend Underhill will address the audience at the event.
Tenants Now Open Winn-Dixie Office Depot Jefferson Feed Pet & Garden Center Panera Bread Pizza Hut LA Nails Spa
Tenants Opening Soon Verizon Wireless Felipe’s Taqueria Five Guys Burgers and Fries Pei Wei Asian Diner Ochsner Urgent Care Clinic Pinkberry GNC
For development inquires, contact Townsend Underhill, Senior Vice President of Development for Stirling Properties, at tunderhill@stirlingprop.com or by phone at 985-246-3785. For information about leasing opportunities, contact Rick Skelding, Senior Broker Associate, at rskelding@stirlingprop.com or by phone at 504-620-8126.
Mid-City Market AFTER
Mid-City Market AFTER – Winn-Dixie and Plaza Buildings
Mid-City Market AFTER – Winn-Dixie
