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.