{"id":1004102729,"date":"2014-08-22T21:30:41","date_gmt":"2014-08-23T05:30:41","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=286130"},"modified":"2020-04-01T01:53:37","modified_gmt":"2020-04-01T09:53:37","slug":"14m-walmart-supercenter-opens-in-new-orleans","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/14m-walmart-supercenter-opens-in-new-orleans\/","title":{"rendered":"$14M Walmart Supercenter Opens in New Orleans"},"content":{"rendered":"<p><em>By Eliza Theiss, Associate Editor<\/em><\/p>\n<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/08\/Gentilly-Walmart.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-286131\" title=\"Gentilly Walmart\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/08\/Gentilly-Walmart.jpg\" alt=\"\" width=\"300\" height=\"225\" \/><\/a>A new Walmart recently opened at 4301 Chef Menteur Highway, making the Gentilly Walmart the second store the big-box retailer has opened this year in the Crescent City.\u00a0 The $14 million store features around 118,000 square feet and has created approximately 300 new full- and part-time positions.<\/p>\n<p>\u201cThe residents in Gentilly deserve increased access to fresh food, pharmacy services and good-paying jobs &#8211; this Walmart will provide all of those things,&#8221; declared District D Councilmember Jared C. Brossett.<\/p>\n<p>Walmart originally approached the New Orleans Redevelopment Authority in 2008 to acquire the Katrina-ravaged site, but only broke ground in September 2012 due to several complications. <em><a href=\"https:\/\/www.commercialsearch.com\/news\/cities\/new-orleans\/retail-developments-abound-gentilly-walmart-sure-thing-big-lots-also-approved\/1004057571.html\">As previously reported<\/a>, <\/em>Walmart proposed to pay $4.3 million for the 12.2-acre\u00a0site in 2008, but talks fell through; the site remained blighted until 2012, when talks between the two parties were reignited and the property was acquired for $3 million. The site was formerly occupied by the Gentilly Woods shopping center, which sustained significant damage during Hurricane Katrina and was subsequently abandoned. As reported by <em><a href=\"https:\/\/www.nola.com\/business\/index.ssf\/2014\/08\/walmart_opens_on_once-blighted.html#incart_river\" target=\"_blank\" rel=\"nofollow\">The Times Picayune<\/a><\/em>, the owners of Gentilly Woods, Thor Equities and Green Tree Realty LLC, received criticism for abandoning the property to blight. NORA, partnering with the state, spent $4.5 million in disaster recovery funds to purchase the site in 2008. According to <em>The Times-Picayune<\/em>, the site of the new Walmart Supercenter in Gentilly was one of the largest blighted sites in New Orleans and the largest in the neighborhood of Gentilly.<\/p>\n<p>In June, Walmart opened the 177,000-square-foot New Orleans East Walmart at 6000 Bullard Ave., on the site of the Katrina-marred Lakeland Medical Center, bringing a much needed retail venue for the 70,000 residents of New Orleans East. (Additional coverage <em><a href=\"https:\/\/www.commercialsearch.com\/news\/cities\/new-orleans\/after-nine-years-walmart-reopens-in-new-orleans-east\/1004098511.html\" >here<\/a>.<\/em>)<\/p>\n<p><em><a href=\"https:\/\/www.multihousingnews.com\/market-data\/market-snapshot-2013-tightens-new-orleans-apartment-market-projects-rent-growth-for-2014\/1004097148.html\" target=\"_blank\" rel=\"nofollow\">Click here<\/a> for further New Orleans market data.<\/em><\/p>\n<p><em>Image courtesy of Walmart Supercenter New Orleans via Facebook<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new Walmart recently opened at 4301 Chef Menteur Highway, making the Gentilly Walmart the second store the big box retailer has opened this year in the Crescent City.<\/p>\n","protected":false},"author":49,"featured_media":1004506161,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1599,21742],"tags":[1815],"class_list":["post-1004102729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-orleans","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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