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Retail Watch: $24M Magnolia Marketplace Moving Right Along

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renderings via Stirling Properties

Plans for Magnolia Marketplace, the coming-soon(ish) South Clairborne Avenue strip mall, are chugging right along. Next stop: tomorrow's City Council meeting. Yesterday, the Economic Development Committee gave the thumbs-up on a one-cent sales tax to help out with the $24M shopping center, The Times-Pic's Richard Webster reports. The former site of the C.J. Peete housing projects (aka, the Magnolia) is all set to be the Elmwood Shopping Center of Central City. TJ Maxx, Ross Dress For Less, Michael's. PetSmart, Shoe Carnival, and Ulta Beauty will be holding the fort down. Construction should kick off in January 2014 and be shopper-ready by March 2015. Stirling Properties, the same cats behind Mid-City Market (the other suburban-like spread in Orleans Parish) will be running the show.

· New Orleans City Council committee recommends special sales tax to support planned Magnolia Marketplace [NOLA.com]
· Stirling Properties [official site]
· All Retail Watch coverage [Curbed NOLA]