New Orleans Named Among 2016 Markets to Watch

At the recent Urban Land Institute (ULI) Fall Meeting held in San Francisco, the keynote speaker Andy Warren of PwC presented the Emerging Trends in Real Estate® 2016. This year’s release marks the 37th edition of the Emerging Trends in Real Estate®, which is undertaken jointly by PwC and ULI based on insights from hundreds of industry leaders.

Mr. Warren included the below slide in his presentation on the Real Estate Markets to Watch in 2016. The New Orleans region was included on that list. I have attended these meetings for many years and this is the first time that New Orleans was included in such a list. This is yet another validation of the confidence that investors are showing in our region.

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.

Mid-City Market ULI Tour

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.

June 25, 2013|Blog, development, Mid-City Market, New Orleans Southshore|
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