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HMC Nabs Management Contract for Slidell Wingate Inn

19 Apr 2014, 4:53 am

By Eliza Theiss, Associate Editor

Dallas-based Hospitality Management Corp. (HMC) has been appointed manager for the new 82-key Wingate Inn Slidell/New Orleans East.

Located in Slidell, just 30 minutes north of New Orleans, the 2013-built hotel is easily accessed from I-10, making it easy to reach local attractions such as the Infinity Science Center, Oak Harbor Golf Club and Fork Pike State Historic Site. It is also adjacent to Oschner Clinic and within walking distance of shopping and dining. Opened in January 2014, the hotel offers amenities such as a fitness center, an indoor heated pool, a spa tub, a business center, meeting and conference rooms, parking (including some that accommodates buses and RVs), a bar and lounge, a gift shop and laundry facilities. Rooms and suites offer complimentary Wi-Fi and flat-screen TVs.

HMC also manages the Microtel Pearl River in Pearl River, also in the Greater New Orleans area, as well as two other Louisiana hotels: the Crowne Plaza Lafayette Airport in Lafayette and the Microtel Inn & Suites by Wyndham Gonzales in Gonzales, in the Baton Rouge metro.  The privately owned HMC is one of the oldest independent hotel management firms in the industry. HMC currently manages 24 hotels across the U.S.

In other news, Covington’s Southern Hotel and the city of Covington partnered for a job fair to fill the 27 positions available at the historic boutique hotel set to open in 2014. As previously reported, a group of local investors acquired the Southern Hotel in 2011, along with an adjacent tract, with plans to renovate and return the historic hotel to its original use. The 40-plus key full-service boutique hotel will boast luxury amenities such as a 2,400-square-foot ballroom, spa facilities and a pool.  The hotel will also be home to Ox Lot 9, a restaurant headed by famed chef Jeffrey Hansell.

Click here for further New Orleans market data.

Image courtesy of Hospitality Management Corp.



Stirling Continues Walgreens Developments with 14 KSF Drug Store in Metairie

14 Apr 2014, 6:25 am

By Eliza Theiss, Associate Editor

Future Location of Metairie Walgreens

Stirling Properties has announced plans to develop a new full-service Walgreens drugstore in the New Orleans suburb of Metairie. Set to rise at the corner of Veterans and Power boulevards, the proposed drugstore will be built in the Barlon Plaza Shopping Center. The store will be a ground-up relocation of an existing Walgreens located within the shopping center.

The new location will be larger, offering 14,000 square feet of retail space, and will feature a full-service pharmacy and drive-through window. Set to break ground in July and be completed in the first quarter of 2015, the development is expected to contribute to the revitalization of Barlon Plaza and the retail corridor where it is located.

Stirling Properties will provide pre-development services such as lease negotiation, permitting, financing, design, and project and construction management.

Ribboncutting at Terrytown Walgreens

Stirling is the preferred developer for the Walgreen Co. in the Gulf South and has developed multiple Walgreens locations throughout the region. This includes the recently opened full-service Walgreens drug store in Terrytown on the Westbank of New Orleans. The store, which opened in late March, is located on the corner of Terry Parkway and Carol Sue Avenue on the site of the former shopping center anchored by A&P Grocery/Eckerd Drug. As previously reported, the 17,384-square-foot store broke ground in April 2013 and is expected to revitalize this retail corridor, as well.

Stirling also handled the full conversion of the historic former Ed Brauner American Legion Post #307 to a 13,000-square-foot Walgreens marquee store (details here), which opened  a little over a year ago.

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Images courtesy of Stirling Properties



Stirling Properties Acquires 256-Unit Luxury Apartment Complex

7 Apr 2014, 2:01 pm

By Eliza Theiss, Associate Editor

Stirling Properties has announced the acquisition of Ansley Place, a 246-unit luxury apartment community in Houma, La. Buyer Stirling Communities II L.L.C., a group of investors led by Stirling Properties, closed on the purchase of  the Class A community for an undisclosed amount. The deal included the assumption of an existing HUD 223 (f) loan on the property. The acquisition of Ansley Place has brought the ownership group’s overall portfolio to 1,042 units, all of which are managed by Des Moines-based BH Management Services L.L.C.

Sprawling across 21 acres, the garden-style luxury community comprises 13 two- and three-story apartment buildings, a one-story leasing office and four single-story garage facilities. Amenities include a resort-style swimming pool, fitness center, clubhouse, cyber café, car care center and extra storage. The gated community offers one-, two- and three-bedroom units, ranging from 643 to 1,287 square feet and featuring private patios or balconies, sunrooms and oversize closets.

Stirling Properties officials expect a substantial increase in Houma’s and the surrounding area’s populations over the next few years due to a significant uptick in activity at Port Fourchon, the shipyards of Edison Chouest and Bollinger, as well as expansion projects among important service firms in the Houma area.

“With its excellent location, superior floor plans and premier status in the market, Ansley Place offers our investors a high-quality asset located directly in the path of Houma’s growing economy,” commented Justin Landry, head of multi-family asset management for Stirling Properties.

Click here for further New Orleans market data.

Image courtesy of Ansley Place via Facebook



City Breaks Ground on $9M Lafitte Greenway

1 Apr 2014, 1:30 pm

By Eliza Theiss, Associate Editor

The Lafitte Greenway Bicycle and Pedestrian Path, a 2.6-mile multi-use trail and linear park, is now underway, according to the city of New Orleans. The highly anticipated $9.1 million development–bounded by Basin, Lafitte, St. Louis and North Alexander streets–will reclaim for public use an abandoned industrial railway corridor located on the site of the Carondelet Canal, which once provided ships with access to the French Quarter. Development is expected to last 11 months, with a spring 2015 grand opening.

The Lafitte Greenway will connect six historic neighborhoods from the French Quarter to Mid-City and Bayou St. John. The project includes more than 500 trees, rain gardens, native landscaping, crushed stone walking paths, environmental remediation, curb enhancements,  crosswalks, new recreation fields, a 12-foot-wide asphalt path for bicyclists and pedestrians and a bicycle/pedestrian roundabout connecting the greenway to the Jefferson Davis Parkway and Wisner Bike Trails. Lafitte Greenway will also link with bikeways from the French Quarter and CBD, and existing and future bikeways on North Galvez Street, North Broad Street and North Jefferson Davis Parkway. New Orleans currently has 82 miles of bikeways and will surpass 100 miles before the year is out. By contrast, the city only had five miles of designated bike paths prior to Hurricane Katrina.

Designed by Design Workshop and constructed by Durr Heavy Construction, the project is funded by Disaster Community Development Block Grants and Louisiana Recreational Trails Grants. The Lafitte Greenway is part of the Lafitte Corridor Revitalization Plan and is expected to be a catalyst for further development in the area, increase drainage capabilities during heavy rainfalls, provide multimodal alternative transportation and serve as a community gathering and recreational space.

Click here for further New Orleans data.

Image courtesy of the city of New Orleans.



Robért Fresh Market Releases Plans for Marigny Location

25 Mar 2014, 1:31 pm

By Eliza Theiss, Associate Editor

Conceptual plans for the much-awaited Fauborg Marigny/Bywater location of Robért Fresh Market have been released and met with the approval of the Historic District Landmark Commission.

The plans, executed by King Retail Solutions (KRS), show a restored Robert Fresh Market on its pre-Katrina site with a receiving gate and fenced-in parking area on Marigny Street.  A new outparcel set to be leased out to a third-party retailer, an additional parking lot accessible from Elysian Fields Avenue and several bike racks are also included in the project. The full-service grocery store will feature skylights and an activated pedestrian area with outdoor seating and a Robert Café. According to Canal Street Beat, construction on the 35,000-square-foot grocery store and 10,000-square-foot outparcel could start in six months.

The project site has been under the exclusive ownership and control of Robért Marketfare St. Claude LLC for almost a year. The company severed ties with its previous landlord in April 2013, gaining ownership of the site bounded by St. Claude, Marigny, Rampart and Elysian Fields as well as access to insurance proceeds for Katrina-related damages. Robért Marketfare immediately expressed its intent to reopen at the location by repairing the historic building that previously housed the grocery store.

The chain had intended to reopen the Marigny location after Hurricane Katrina, but the site’s previous owners, the Schwegman family, refused to make the necessary repairs to the property. Following years of litigation, Robért Marketfare won a lawsuit against the landlord in March 2012.

Robért Fresh Market, a locally owned and operated grocery company, had six stores prior to the 2005 hurricane, all of which suffered extensive damage. Since the storm, the chain has managed to reopen three neighborhood locations: in Metaire (2005), Lakeview (2007) and Uptown (2008).

Click here for further New Orleans market data.

Renderings courtesy of Robért Fresh Market







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