Mid-City Market breaks ground in New Orleans
New Orleans — Covington, La.-based Stirling Properties announced that urban shopping center development Mid-City Market has broken ground in New Orleans, along the North Carrollton Avenue commercial corridor.
Opening in early 2013, Mid-City Market will complement the proposed Lafitte Greenway pedestrian and bicycle pathway that will border the shopping center.
The 107,713-sq.-ft. Winn-Dixie-anchored shopping center represents Stirling Properties continued investment in the New Orleans market and one of the most significant retail developments in the city since hurricane Katrina.
“This project embodies the strength of the New Orleans recovery and represents yet another important step in bringing retail back to the city,” stated Lewis Stirling, executive VP of Stirling Properties.
Stirling Properties’ Townsend Underhill, VP of development, added that Stirling Properties will continue to work on a number of other potential projects in the city of New Orleans and hopes Mid-City Market will be the springboard to furthering the recovery in New Orleans.
Tenants with executed leases in the development include Office Depot, Neighborhood Pet Market by Jefferson Feed, Felipe’s Taqueria, Pinkberry Frozen Yogurt, Five Guys Burgers and Fries, and Pei Wei Asian Diner. Mid-City Market is 80% pre-leased.
Hull Storey Gibson acquires Piedmont Mall
Danville, Va. — Augusta, Ga.-based Hull Storey Gibson Cos. announced Wednesday that it has acquired Piedmont Mall in Danville, Va., the 18th enclosed mall in the company’s portfolio.
The 731,500-sq.-ft. Piedmont Mall is slated for full renovation, including an upgrade of the interior and exterior lighting, entrances, signage, painting and flooring.
Tommy Bahama to make Manhattan debut
New York — Tommy Bahama will open its first New York City location in October.
Dubbed the Tommy Bahama “Manhattan Island,” the 8,500-sq.-ft. store will also include a bar and restaurant. It will be located in an Art Deco building on Fifth Avenue at 45th Street.
The tropics-inspired lifestyle apparel retailer has covered the façade of its store with a barricade featuring imagery of a woman in a bathing suit holding a tropical drink on the 5th Avenue side, and a man alongside a swimming pool surrounded by palm trees and grass on 45th Street side.