Mid-City Market Groundbreaking Signifies Stirling Properties Milestone
Pictured (L-R): Grady Brame of Stirling Properties, Tommy Buckel of Duplantis Design Group, Chip Verges of VergesRome Architects, Joey Medina of Winn-Dixie, Chip Songy of Stirling Properties, Lewis Stirling of Stirling Properties, New Orleans Mayor Mitch Landrieu, District A Councilwoman Susan Guidry, Marty Mayer of Stirling Properties, Aimee Quirk - City of New Orleans Mayor’s Office, Townsend Underhill of Stirling Properties, and Jack Donahue of Donahue Favret
NEW ORLEANS, Louisiana —- (MARCH 20, 2012) Earlier today Stirling Properties commemorated the groundbreaking of Mid-City Market, the highly anticipated urban shopping center development located along the North Carrollton Avenue commercial corridor in New Orleans, Louisiana. Opening in early 2013, Mid-City Market will complement the proposed Lafitte Greenway pedestrian and bicycle pathway that will border the shopping center.
The 107,713 square foot, Winn-Dixie anchored shopping center represents Stirling Properties continued investment in the New Orleans market and one of the most significant retail developments in the city since hurricane Katrina.
The Honorable Mayor Mitch Landrieu commented that, “Mid-City Market is critical for the continued revitalization of this important corridor. Though they were once blighted and vacant properties, this project will bring properties back into commerce and will interact nicely with Lafitte Greenway, which itself will spur activity and redevelopment across the city. Mid-City Market will bring hundreds of new jobs, new sales and property tax dollars and improved quality of life for Orleans Parish residents.”
“This project embodies the strength of the New Orleans recovery and represents yet another important step in bringing retail back to the city,” stated Lewis Stirling, Executive Vice President of Stirling Properties. “We are pleased to be moving forward with the Mid-City Market project which represents yet another significant milestone in our Company’s history.”
Stirling Properties has a 37 year history of real estate development, management and commercial brokerage throughout the Gulf South. In the past few years investment in the city of New Orleans has become a focus in Stirling Properties development strategy. Since Katrina, the redevelopment of Bultman Funeral Home into Borders Bookstore and later Fresh Market Grocery, the acquisition of the Pan American Life Building, and the company’s current redevelopment of the American Legion Hall on Magazine Street into an upscale Walgreens Drugstore all exemplify Stirling Properties renewed commitment to the City of New Orleans.
Stirling Properties’ Townsend Underhill, Vice President of Development says that, Stirling Properties will continue to work on a number of other potential projects in the city of New Orleans and hopes Mid-City Market will be the springboard to furthering the recovery in New Orleans.
To commemorate the groundbreaking event Mayor Mitch Landrieu, Councilwoman Susan Guidry and Regional VP of Winn-Dixie, Joey Medina, along with Stirling Properties’ Marty Mayer, President and CEO, Lewis Stirling, Townsend Underhill, tenant representatives from the development and the Mid-City Market design and construction team of VergesRome Architects, Duplantis Design Group and Donahue Favret Contractors Inc. were in attendance.
Tenants with executed leases in the development include Office Depot, Neighborhood Pet Market by Jefferson Feed, Felipe’s Taqueria, Pinkberry Frozen Yogurt, Five Guys Burgers and Fries, and Pei Wei Asian Diner. Mid-City Market is 80% pre-leased with other tenant announcements forthcoming. Additional lease space is also available. For more information contact Chris Abadie, Vice President and Manager of Stirling Properties’ Commercial Brokerage Division, at (985) 246-3721 or cabadie@stirlingprop.com.
For more information about the development of Mid-City Market, contact Townsend Underhill at (985) 246-3785 or tunderhill@stirlingprop.com.
Stirling Properties Buys Land to Develop Urban Shopping Center in New Orleans
NEW ORLEANS, Louisiana —- (FEBRUARY 16, 2012) Stirling Properties is pleased to announce the closing of the land acquisition and development financing for Mid-City Market, a 107,713 square-foot, Winn-Dixie anchored shopping center located in New Orleans, LA along the North Carrollton Avenue commercial corridor. Mid-City Market’s many amenities will include terraced outdoor seating and pedestrian plazas, benches, bike racks, trellises, and native landscaping throughout to compliment the proposed Lafitte Greenway pedestrian and bicycle pathway which will border Mid-City Market. (more…)
Stirling Properties Announces Additional Shareholders
Donna Taylor
Jeffrey Marshall
Paul Mastio
Townsend Underhill
COVINGTON, Louisiana —- (DECEMBER 8, 2011) Stirling Properties is pleased to announce that effective January 1, 2012, Donna Taylor, Jeffrey Marshall, Paul Mastio, and Townsend Underhill will become shareholders of Stirling Properties, LLC. They join Marty Mayer, President and CEO, and Lewis Stirling and Grady Brame, Executive Vice Presidents, as part of the company’s new ownership team. “As we continue to look ahead and lay a solid foundation for the future, I am particularly pleased that this group of highly professional, talented and dedicated individuals will be part of our ownership team,” commented Mr. Mayer. (more…)
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.
