Perkins Rowe

[cajun]

Perkins Rowe already going down market I see......

[Antrell Williams]

They want to fill vacancies first.

[richyb83]

New boutiques, restaurants preparing to join Perkins Rowe mix

While the Perkins Rowe foreclosure lawsuit continues to wend its way through the court system after three years, the legal issues do not appear to be hurting business at the mixed-use development, according to property manager Rick Balow. On the contrary, he says, leasing activity has never been stronger. JuJu's, a new boutique, recently moved into existing retail space, and three more boutiques are "very close to going to lease," Balow says, adding that the tenants will be leasing both new and existing retail space. Two new restaurants are also negotiating deals to move into Perkins Rowe, he says. A new concept Mexican restaurant that is locally owned and will feature live music is planning a move into the space previously occupied by The Grillroom, while a barbecue chain restaurant will take over the space that formerly housed Fish City Grill. While those previous restaurant tenants didn't do well in Perkins Rowe, Balow says the development is an increasingly popular dining venue and a very successful location for existing tenants. "Things have been absolutely phenomenal," he says, noting that the restaurants in Perkins Rowe are averaging sales of between $400 and $650 per square foot, versus an industry average of $250 to $400 per square foot. "I would put them up against any restaurant in New Orleans in terms of their volume."

http://www.businessreport.com/section/daily-reportPM

[cajun]

Wow. Good news.

[Antrell Williams]

More employment and a hotel would sure help mid-day population.

[cajun]

More employment and a hotel would sure help mid-day population.

I'd really like to see a higher end hotel in the space near the grill room.

The back lot area near the medical center would be perfect for Willow Grove scale development, IMO. Town homes and smaller offices.

I think it will come together when the new connector road to the south east of the property is completed.

Edited July 20, 2012 by cajun

[Antrell Williams]

I'd really like to see a higher end hotel in the space near the grill room.

The back lot area near the medical center would be perfect for Willow Grove scale development, IMO. Town homes and smaller offices.

I think it will come together when the new connector road to the south east of the property is completed.

You mean the empty lot across from Charming Charlie?

I agree, it would be a full scale neighborhood at that point and not just a development.

I forgot about that road. Any idea where it will run?

[cajun]

You mean the empty lot across from Charming Charlie?

I agree, it would be a full scale neighborhood at that point and not just a development.

I forgot about that road. Any idea where it will run?

The right of way will be in the narrow strip between the old subdivision and Perkins Rowe.

Entrances will be included into both neighborhoods.

It will cross over Ward's creek and under the rail road tracks. Mall of La blvd/ Picardy will be realigned near the movie theater.

You might be able to find an old layout on brgov to get a fairly accurate idea of the alignment.

Edited July 20, 2012 by cajun

[itsjustme3]

Yeah, if the new owners could get some of Swaggerts propert behind P Rowe that would be great. A small neighborhood would be a unique area and walking distance to pretty much anything you need.

I think there was plans (dead now I'm sure) of a hotel in the green space between Zoes and Neuromedicals parking garage.

[cajun]

Swaggert may have been a shady person, but he is a real estate genius.

He sold the land to the developers of the Mall of La. I'm sure unused parts of his campus will eventually be sold off to developers.

[richyb83]

Yeah i think it was a Hilton Garden Inn mentioned in that green space between Barnes & Noble and Neuro-Medical Center...

Sure wish Phase II would have gotten off the ground in the back...and 8-story condo was planned...with up to three more..possibly 10-12 stories...those were the days...Perkins Rowe has special zoning thanks to Swaggart allowing buildings up to 150 ft...14-stories?? Too bad it all looks like a pipe-dream now.

My pipe=dream (if Phase II would have been built + some of the Swaggart property w/ residential projects))was to have lit-up walking paths/bike trails "Creek Walk" or something along Dawson Creek & Ward's Creek connecting Perkins Rowe w/ Mall of La. & The Grove..etc

Wonder WHEN they will finally start on the Perkins/Picardy connector??

Edited July 20, 2012 by richyb83

[cajun]

Connector is in Green Light Plan. Should be started within 4 or 5 years at the latest.

Depends on the city's available bond capacity....but the goal was "30 years worth of projects in 10 years" back in 2006.

Other than Nicholson and Old Hammond, what large projects are left? O'Neal?

Staring is wrapping up this year. Burbank and Siegen are finished. Highland is finished. Central Thruway will be done soon. Harrell's Ferry is mostly complete.

Edited July 20, 2012 by cajun

[Antrell Williams]

The right of way will be in the narrow strip between the old subdivision and Perkins Rowe.

Entrances will be included into both neighborhoods.

It will cross over Ward's creek and under the rail road tracks. Mall of La blvd/ Picardy will be realigned near the movie theater.

You might be able to find an old layout on brgov to get a fairly accurate idea of the alignment.

I like that idea, too bad The Grove is a subdivision type development, it would tie in very well.

Yeah i think it was a Hilton Garden Inn mentioned in that green space between Barnes & Noble and Neuro-Medical Center...

Sure wish Phase II would have gotten off the ground in the back...and 8-story condo was planned...with up to three more..possibly 10-12 stories...those were the days...Perkins Rowe has special zoning thanks to Swaggart allowing buildings up to 150 ft...14-stories?? Too bad it all looks like a pipe-dream now.

My pipe=dream (if Phase II would have been built + some of the Swaggart property w/ residential projects))was to have lit-up walking paths/bike trails "Creek Walk" or something along Dawson Creek & Ward's Creek connecting Perkins Rowe w/ Mall of La. & The Grove..etc

Wonder WHEN they will finally start on the Perkins/Picardy connector??

Maybe when the market for condo's is a little wet. I would imagine the cost of a condo would be very expensive.

Other than Nicholson and Old Hammond, what large projects are left? O'Neal?

Staring is wrapping up this year. Burbank and Siegen are finished. Highland is finished. Central Thruway will be done soon. Harrell's Ferry is mostly complete.

Staring is compete, no?

I think the southern part of Jones Creek needs one more lane and delete the center turning lane.

What about Perkins Rd south of Seigen? And in the future I suspect Jefferson Hwy will be too narrow.

[cajun]

Jones Creek south of Coursey is not part of the Green Light plan.....it's being widened later, but there are earmarked state funds for it.

I don't think Jefferson is part of it either.

Glad Staring is done. How's the traffic in that area now? I bet Essen is still a mess.

[Antrell Williams]

Jones Creek south of Coursey is not part of the Green Light plan.....it's being widened later, but there are earmarked state funds for it.

I don't think Jefferson is part of it either.

Glad Staring is done. How's the traffic in that area now? I bet Essen is still a mess.

I'm glad to see it's not forgotten. Jefferson isn't part of it because we only start projects 10 years after we need them.

[all2neat]

I'm glad to see it's not forgotten. Jefferson isn't part of it because we only start projects 10 years after we need them.

I think you're giving the state too much credit, They are 20-30 years behind in many areas. If they just had a little foresight, it would go a long way.

[Antrell Williams]

I think you're giving the state too much credit, They are 20-30 years behind in many areas. If they just had a little foresight, it would go a long way.

Thanks for the correction. lol

It really would.

[richyb83]

[richyb83]

This is probably the same 20 acres that was to be Phase II of Perkins Rowe....Where 8-story condo's and brownstones/townhouses were once proposed... how long will it remain an ovetgrown field?? Phase II's demise has led to complaints by a few tenants that foot traffic has not been what was promised...Could the eventual Perkins/Picardy extension egnite any new development one day??

20 vacant acres next to Perkins Rowe hit the market at $6.7M

A 20-acre tract of vacant land adjacent to the Perkins Rowe development has been placed on the market for $6.7 million. The prime piece of commercially zoned real estate—located behind Fresh Market on Perkins Road, just off Bluebonnet Boulevard—was formerly owned by Perkins Rowe developer Tommy Spinosa but was taken back by the lender, First Bank and Trust, according to sources familiar with the transaction. Officials with First Bank and Trust were unavailable for comment; and the listing agent on the property, Deane Bryson of NAI/Latter and Blum, did not return calls seeking comment. But other local realtors say the property, with a listing price that amounts to $337,500 per acre, is in a high-demand area with some of the best demographics in the market. According to the property overview, the average household income is approximately $98,000 within a one-mile radius of the site, and nearly $250 million of medical expansion is taking place in the area. Check out the listing for yourself here.

http://www.businessr.../daily-reportPM

Edited August 9, 2012 by richyb83

[cajun]

Does the theater in PR ever remind anyone of the clock tower in "Back To The Future"? It looks like the 2015 version.

[itsjustme3]

That 20 acres won't be vacant long.

[dan326]

That name makes me think that it won't be a mixed use development like the rest of Perkins Rowe, but really, they couldn't of named it Park Rowe at Grand or something?? Also, I know that all the smaller department stores got bought up but they can't find anyone to act as another anchor? Cause we all know what happens to developments without anchors...

New apartments planned at Perkins Rowe

As Perkins Rowe tips slowly toward a foreclosure sale, development interest in the mixed-use project has not waned. Last week an application for a 334-unit apartment complex for the rear of Perkins Rowe, near the intersection of Bluebonnet Boulevard and Perkins Road, was submitted to the city-parish Planning Commission. "It will basically be behind The Neuromedical Center," says Art Lancaster, a representative for "a group of local investors" in The Woodlands at Perkins Rowe. "To get to it, you would have to go through Perkins Rowe." Lancaster won't name the investors, but insists developer J.T. "Tommy" Spinosa is not involved. Nor is the land connected to KeyBank National Association, of Cleveland, which is requesting to sell Perkins Rowe at a foreclosure price of about $86 million. The Woodlands site was bought from First Bank & Trust Company, Lancaster says. Spinosa's court battle did not hamper or delay the acquisition, he adds. The Woodlands also will tie in with the future Picardy Perkins Connector, says Lancaster, a four-lane Green Light Plan project that will provide an alternative route between Interstate 10 and Perkins Road and also connect with the Mall of Louisiana. Lancaster says The Woodlands could break ground as early as spring of next year and be constructed within 24 months. Multifamily units with close proximity to Perkins Rowe, L'Auberge Casino & Hotel Baton Rouge, and the new Woman's Hospital are in demand, Lancaster says. "Occupancy rates are very high," says Lancaster.

[cajun]

I'll wait for more details before I decide to like it or not.

Anybody know what they paid for the tract? How large is it?

[richyb83]

Good question...not sure?? Is it 1/2 of the undeveloped land remaining?? Should be interesting...

Wonder how vertical it will go...at least 4-stories?? Not more than 8....old Phase II plans had the 1st condo The Vermillion" going up at 8....the other 3 -plats depended on demand.

Swaggert had Different zoning for all of that property; allowing buildings up to 12-14 stories/150ft' height limit

[steve3n8]

VooDoo BBQ opening a Perkins Rowe location

In a move to establish the New Orleans-based barbecue chain's third restaurant in Baton Rouge, VooDoo BBQ & Grill has signed a deal to open a location in Perkins Rowe. Company executives say Brad Smith and Joe Scardino, who own the Drusilla Lane location, will open the Perkins Rowe restaurant in a space next to the Cinemark movie theater. "We expect we'll do really well," says Scardino, adding that they're aiming to open the chain's new location at the end of February. "People who want to eat before the movie or right after will be able to walk right out of the theater and right into our VooDoo." The Perkins Rowe restaurant will be Voodoo's 12th location in Louisiana. The chain has also expanded in recent years to Florida and South Carolina. "We've been aggressively expanding in other states this year, but this is a great move to shore up our solid foundation in our home state," says VooDoo BBQ CEO Tony Avila. Along with its Baton Rouge restaurants, VooDoo has other Capital Region locations in Denham Springs and Zachary.

Businessreport.com