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
Stirling Properties Hosts Tour of Mid-City Market Development Under Construction
Last week, Stirling Properties and VergesRome Architects hosted a building and site construction tour of Mid-City Market in New Orleans for the Urban Land Institute (ULI) of Louisiana, prior to the center opening to the public. Approximately 50 people attended the event, ranging from real estate professionals, designers, and developers to interested neighbors and residents. The event gave ULI members and non-members the opportunity to hear from the project team related to design, construction, deal structure, tenancy, and many other items related to the collaborative urban neighborhood development process.
Architects Chip Verges and Michael Roussel of VergesRome Architects discuss design themes and architectural challenges associated with the Mid-City Market development in New Orleans.
Located at the northwest corner of North Carrollton Avenue and Bienville Street in Mid-City New Orleans, Mid-City Market is a 107,000 square-foot, grocery-anchored urban infill shopping center. Stirling broke ground on the project in March 2012 and will be opening the project to the public with Winn-Dixie in late July. Prior to Stirling’s acquisition and development of the roughly $35 million project, the 6.5 acre site sat vacant and blighted since Hurricane Katrina. Designed by Mid-City architecture firm VergesRome Architects, the building and site design incorporate extensive pedestrian features, contextual urban and adaptive reuse architecture, and will complement the future Lafitte Greenway adjacent to the site.
Stirling Properties is a proud sponsor of the Urban Land Institute and is pleased to be involved with its activities in Louisiana. For more information about the Mid-City Market development or Stirling Properties, contact Jordi Goodman, Development Manager, at 985-898-2022 or at jgoodman@stirlingprop.com. For leasing information, contact Henry Spain, Sales and Leasing Agent at 504-620-8147 or at hspain@stirlingprop.com.
Stirling Properties’ Marty Mayer to Serve as Divisional Vice President of ICSC
Marty Mayer, President & CEO of Stirling Properties, has been elected to serve as the Vice President of the International Council of Shopping Centers’ (ICSC) Southern Division. This was made official during ICSC’s Annual Meeting of Regular Members, held during ICSC RECon in Las Vegas, Nevada.
As an ICSC Divisional Vice President, Mr. Mayer has also been appointed to serve on the Government Relations Advisory Committee.
Mr. Mayer currently serves on the Executive Committee of ICSC’s Worldwide Board of Trustees and has previously served as the Co-Chairman of ICSC’s Open Air Center Committee and as Louisiana State Director and Louisiana State Operations Director for ICSC.
Stirling Properties & JCH Development to Develop Magnolia Marketplace Shopping Center in New Orleans, La.
Stirling Properties and JCH Development today announced the joint venture to develop Magnolia Marketplace Shopping Center in New Orleans, Louisiana. Construction will begin with the first building in the center, a 6,000 square foot building, with a 3,000 square foot Capital One bank branch. The Central City shopping center will be located at the intersection of South Claiborne Avenue and Fourth Street, adjacent to the larger future phases of the Magnolia Marketplace Shopping Center.
“We are proud to bring a high quality development to a severely underserved portion of the Claiborne corridor and return yet another vacant and blighted property in the City to commerce”, said Jordi Goodman, Development Manager for Stirling Properties.
“Our team is excited to introduce new services and shopping experiences, in a location that is accessible to the neighborhood as well as to all of New Orleans’ residents” said Tara Hernandez, President of JCH Development.
The 6,000 square foot center will serve as a catalyst to future development along the Claiborne corridor and will precede the balance of the Magnolia Marketplace Development located at South Claiborne and Toledano Streets slated for commencement in fall of 2013. Once completed the center will be 138,000 total square feet. Stirling and JCH have secured leases for 108,000 square feet with established national retail tenants. Stirling is currently in negotiation with tenants for the remaining spaces in the center and other tenant announcements will be forthcoming.
For more information, contact Jordi Goodman at jgoodman@stirlingprop.com or 985-898-2022, or for leasing information contact Rhonda Sharkawy at rsharkawy@stirlingprop.com or 504-523-4481.
Forbes ranks New Orleans #3 for Information Technology Jobs
In a recent Forbes article, “The Cities Winning the Battle for Information Jobs,” author and researcher Joel Kotkin ranks Greater New Orleans as #3 in the USA, behind only technology heavyweights Silicon Valley and San Francisco. In the article, he states “Perhaps the most dramatic player is third-place New Orleans-Metairie-Kenner, where information employment is up 28% since 2009”. The information sector in metro New Orleans “is very broad-based, including companies in digital effects, videogames, software development as well as a burgeoning film and television industry,” writes Kotkin. “The recent decision by General Electric to place its new technology center and its 300 new technology jobs in New Orleans is another sign of the Crescent City’s emergence as a viable information hub.” Additionally, when you consider the recent announcement of IBM in Baton Rouge, it is even more impressive for our super region in general.
Based on the employment growth in the IT sector over the long-term (2001-2012), mid-term (2007-2012) and the last two years, as well as momentum, the Top Ten Tech metros are:
- Silicon Valley
- San Francisco
- New Orleans
- Bostom
- Austin
- Atlanta
- San Antonia
- Raleigh
- Phoenix
- Nashville
You can read the entire article, including more detail on the methodology, here.
Mid-City Market – May Update
Below, please find a series of photos showing site progress conditions from the week of May 13, 2013.
Since our last update, the construction activities at Mid-City Market have accelerated considerably and we are seeing the finish line ahead. We have turned over all 11 spaces to tenants, including since the last update Ochsner Medical Center, Verizon Wireless, Five Guys Burgers and Fries, Felipe’s Taqueria, and Pinkberry. Many of the tenants have begun their interior buildout work and are scheduled to open for business starting the first week of July.
At Winn-Dixie, we have completed all of the exterior brick work, interior walls, and are closing out our mechanical, electrical, and plumbing work. The coolers and freezers in the interior are complete, and the large storefront element is nearing completion with the concrete entrance being poured soon. We continue to build out the interior of their space and set equipment prior to completing the interior finishes. The glass and exterior glazing is beginning as well. Additionally, we will be installing the subgrade material, curb and gutter, asphalt, and stamped concrete in the parking and common areas while we complete the remaining Winn-Dixie work.
We are also nearing completion on the remainder of the site that is not in our tenants’ possession.
Completed Exterior Storefronts – Retail B – 5/14/2013
Complete Retail C Building and Site – Tenant Work 5/14/2013
