{"id":1004106662,"date":"2014-11-01T06:00:25","date_gmt":"2014-11-01T14:00:25","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=303046"},"modified":"2020-04-01T05:36:43","modified_gmt":"2020-04-01T13:36:43","slug":"250m-south-market-district-continues-dynamic-retail-space-leasing-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/250m-south-market-district-continues-dynamic-retail-space-leasing-2\/","title":{"rendered":"$250M South Market District Continues Dynamic Retail Space Leasing"},"content":{"rendered":"<div id=\"attachment_303047\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/The-Paramount-at-South-Market2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-303047\" title=\"The Paramount at South Market\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/The-Paramount-at-South-Market2.jpg\" alt=\"\" width=\"300\" height=\"175\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">The Paramount<\/p>\n<\/div>\n<p><em>By Eliza Theiss, Associate Editor<\/em><\/p>\n<p>As The Domain Cos. gears up to start pre-leasing the 20,000 square feet of retail that will be included in the 126-unit The Beacon, The South Market District\u2019s third phase, the project\u2019s first two phases are filling up at a steady pace. In fact, retail space in the 444-car The Park is 100 fully leased and the 209-unit The Paramount is now 96 percent leased, after a steady stream of retail announcements over the past few months.<\/p>\n<p>\u201cWe have one small space available,\u201d Megan Mcneill, a Marketing Manager at Domain, told <em>Multi-Housing News<\/em>. Domain has worked with Atlanta-based Terremark Partners on leasing the retail space to both local and national businesses.<\/p>\n<p>One of the most recently signed businesses is Barre3 New Orleans. The Uptown New Orleans studio specializing in the barre3 fitness system, announced it will be opening a second location at the 209-unit The Paramount. The new location will target South Market residents, downtown workers and tourists. Barre3 will add to the existing 3,500 square feet of fitness space available at The Paramount.<\/p>\n<p>Blaze Pizza also joined The Paramount\u2019s tenant line-up in October, hot on the heels of Ursa Major and Magasin Kitchen.\u00a0 Blaze Fast-Fire\u2019d Pizza, a rapidly growing California-based pizza chain will open in January 2015, joining the brand\u2019s 12 nationwide locations. Magasin Kitchen will also open early in 2015, courtesy of Magasin, the acclaimed New Orleans Vietnamese restaurant on Magazine Street. The second Magasin location will feature a sustainability-centric open design, courtesy of LSArchitecture PLLC and local green design firm Spruce Interiors &amp; Design Studio. Ursa Major will also be led by a local team. The new restaurant concept developed by the team behind Bywater\u2019s popular Booty\u2019s Street Food will not only operate a restaurant at The Paramount but also serve as the apartment community\u2019s exclusive poolside food and beverage provider.<\/p>\n<div id=\"attachment_303048\" class=\"wp-caption alignleft\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/The-Park-at-South-Market.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-303048\" title=\"The Park at South Market\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/The-Park-at-South-Market.jpg\" alt=\"\" width=\"300\" height=\"270\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">The Park<\/p>\n<\/div>\n<p>National furniture company Arhaus was the first retailer announced for the highly anticipated $250 million South Market. Arhaus, The Park\u2019s anchor tenant, is the brand\u2019s first Louisiana location. Another significant tenant of the $21.3 million The Park is CVS, which will take up 10,000 square feet of the building\u2019s 27,000-square-foot retail space, <a href=\"https:\/\/www.nola.com\/business\/index.ssf\/2014\/01\/south_market_district_develope_1.html\" target=\"_blank\" rel=\"nofollow\"><em>The Times-Picayune<\/em><\/a><em> <\/em>reported. Hattie Sparks, the popular Uptown lifestyle boutique store, will also open a second location at The Park. The five-story, 444-car parking facility\u2019s tenant line-up will be completed by Enterprise CarShare, New Orleans\u2019 first public car-sharing program, according to <a href=\"https:\/\/www.wdsu.com\/news\/local-news\/new-orleans\/public-carsharing-program-coming-to-downtown-new-orleans-as-part-of-south-market-district\/27232674\" target=\"_blank\" rel=\"nofollow\">WDSU News<\/a>. Enterprise CarShare\u2019s initial fleet will also feature two hybrid cars, adding to The Park\u2019s many green features, which also include a bike-sharing program for South Market residents. The Park will also be the city\u2019s first public parking facility to offer electric car-charging stations.<\/p>\n<p><em><a title=\"MARKET SNAPSHOT: 2013 Tightens New Orleans Apartment Market, Projected Rent Growth for 2014\" 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>Images courtesy of The Domain Cos.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As The Domain Companies gears up to start pre-leasing the 20,000 square feet of retail that will be included in the 126-unit The Beacon, The South Market District&rsquo;s third phase, the project&rsquo;s first two phases are filling up at a steady pace.<\/p>\n","protected":false},"author":49,"featured_media":1004506191,"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":[],"class_list":["post-1004106662","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-orleans","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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