Magnolia Marketplace, the behemoth of a strip mall being planned near the intersection of S. Claiborne Avenue and Toledano Street, looks to be one step closer to target opening in March of 2015.
According to a report in the Uptown Messenger from Marta Jewson, the Economic Development and Special Projects Committee approved an ordinance earlier today that will move the Magnolia Economic Development District in front of the full City Council. The 97,829 square foot development that will house Magnolia Marketplace has been in development by Stirling Properties, which hopes to open the shopping center (already teeming with a roster of seven retailers that includes a Raising Cane's) by spring of 2015.
The project, already budgeted at $24 million, would bring in a projected first-year sales haul of $30 million, which, according to the Mayor's economic development adviser Aimee Quirk, would mean hundreds of thousands of dollars in sales tax for New Orleans.
· Committee approves Magnolia Economic Development District [Uptown Messenger]
Raising Cane's. [Photo: Facebook]