Eye on the Market Highlights – January 2012
Stirling Properties’ Eye on the Market research alert is emailed monthly to our mailing list and features all the latest news and market reports about the Gulf South. We scan local and regional news outlets, as well as economic development groups, university research centers, and more, so that we can compile all the relevant rankings, news, economic development announcements, reports and more in one convenient place. Some highlights from our January 2012 Eye on The Market include:
- Louisiana 4th Most “Competitive” State in Job Growth – New Geography
- Louisiana Ranked Top State for Film Production – P3 Update
- VIDEO: Louisiana Schools Make the Grade – NBC Nightly News
- B.R. #7 on Forbes’ List of Where Jobs Will Be in 2012 – Business Report
- MS Gulf Coast Business Leaders Optimistic about 2012 – SunHerald
- Lafayette Regional’s Passenger Count Sets Record – The Independent
- 2011 Year in Review – Greater New Orleans, Inc.
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Stirling Properties Expands Presence in Northwest Louisiana by Acquiring Avant Properties
Stirling Properties new Shreveport office located in American Tower Suite 106
SHREVEPORT, LOUISIANA (JANUARY 16, 2012) – Stirling Properties announces the acquisition of Shreveport, Louisiana based Avant Properties in an agreement that was finalized earlier today. The acquisition of Avant Properties further strengthens Stirling Properties’ presence in the Gulf South and is a critical step in their long term strategic growth plans.
Avant Properties’ current personnel and portfolio will be integrated into Stirling Properties operations. Marty Mayer, President and CEO of Stirling Properties, said “Avant Properties’ excellent reputation and client-focused services are synergistic with our company and, just as important, their signature managed properties and local brokerage presence will strengthen our service offerings in northwest Louisiana.”
Typically known for developing and managing several successful shopping centers in the Shreveport/Bossier City region, Stirling Properties’ purchase of Avant Properties (more…)
Multiple Store Openings at Hammond Square Shopping Center
HAMMOND, Louisiana —- (JANUARY 12, 2012) Stirling Properties, developer and property manager of Hammond Square, announces the addition of CATO and Bellagio Salon & Spa to its tenant lineup.
CATO, a leading specialty retailer of value-priced women’s fashion apparel, jewelry, shoes and accessories in women’s sizes 6-26 and girl’s sizes 7-16, will open their second Hammond, LA store at 455 Palace Drive. (more…)
New Orleans Most Improved City for Business in Wall Street Journal
Yet another testament to what is happening in the Greater New Orleans region in such a short period of time. Once rated dead last by this same ranking, New Orleans jumped an incredible 44 spots to become the most improved city in the nation. Wow! Click here to read the full article.
Clearview Mall’s Breakfast with Santa Raises Money for The Children’s Hospital of New Orleans
Metairie, Louisiana (December 14, 2011) – Clearview Mall, managed and leased by Stirling Properties, raised $630 for the Children’s Hospital of New Orleans with their Breakfast with Santa held Saturday December 10, 2011.
Clearview Mall partnered with Zea Rotisserie and Grill to provide a private breakfast for approximately 135 children and their parents to celebrate the holidays. Along with a plated breakfast there was face painting, games, storytelling and a visit from Santa and Mrs. Claus. Giveaways included Christmas decorated candied apples from Rocky Mountain Chocolate Factory for the kids and glass mugs titled “Breakfast with Santa Clearview Mall 2011,” engraved by Cupid’s Engravings, for the parents. (more…)
Retail/Commercial Component of Columbia Parc at the Bayou District
Columbia Parc at the Bayou District
Stirling Properties is serving as a consultant for Columbia Parc at the Bayou District and we recently completed a report commissioned by the Bayou District Foundation in New Orleans for the development of the retail and commercial component for the master-planned, mixed use community. The report includes an inventory of existing resources and conditions, identification of retail tenants, preliminary design and programming, identification of funding sources, development budgets, construction timelines, and recommendations on a go-forward strategy. We believe that re-development and re-population of former neighborhoods like St. Bernard will be crucial to the continued recovery of the City of New Orleans and we are pleased to be able to contribute to such a worthy project.
Retail and commercial businesses are a vital and essential component of any mixed-use residential development. The area surrounding the new Columbia Parc development has been historically underserved from a retail perspective. Numerous opportunities exist for retailers willing to locate in this emerging and underserved area and our response from national and local prospects alike has been very positive.
Columbia Parc at the Bayou District is a new $440 million mixed-income redevelopment of the former St. Bernard housing project located on St. Bernard Avenue near I-110 in New Orleans, Louisiana. Since groundbreaking in 2008, the Bayou District Foundation, together with Columbia Residential, has created 515 high quality new mixed-income housing units (of a planned 1,325). One of the largest and most successful urban renewal projects in the United States, the Bayou District has earned nationwide acclaim for its forward-thinking development approach and innovation. A part of the Bayou Foundation’s vision is the development of retail and commercial presence on a 6 acre tract fronting St. Bernard Avenue to serve the residents as well as the entire community.
Related Article from New Orleans CityBusiness “Redeveloped St. Bernard Project Tries to Surpass Community It Was Modeled After”
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