Redevelopment of $70 Million Riverwalk Moves Forward

by • November 21, 2013 • Central Business District, Commercial, Development, RetailComments (4)4117

Riverwalk New OrleansThe Developer of the $70 million conversion of the Riverwalk Marketplace offered a first look at their progress this week.

Dallas-based Howard Hughes Corp. is transforming the Riverwalk Marketplace into The Outlet Collection at Riverwalk – the nation’s first downtown outlet center – and reopening it as a vibrant waterfront destination offering upscale fashion, local culinary flavors and the revelry one would expect to find in the City of New Orleans.

Howard Hughes Corp. was created in November 2010 as a spinoff of General Growth Properties, which filed for Chapter 11 bankruptcy in April 2011. In 2012, Hughes announced plans to remodel the property into an upscale outlet center. According to company leaders, the Riverwalk will be the first outlet mall in a downtown setting.

The renovation, which began earlier this year, will add 50,000 square feet of space to the mall, bringing it to a total of 250,000 square feet. The layout of the shopping center will remain the same, but many of the store slots on the mall’s upper levels will widen to accommodate the demands of the national tenants coming in.

Mark Bulmash, senior vice president for development, said stores on the Mississippi River side would be extended from 25 feet to 90 feet deep. Stores on the opposite side would go from 30 feet to 60 feet deep.

Hughes said the mall is currently 94 percent leased, but the company is still talking with other possible tenants to fill the roughly 15,000 square feet still available.

Other retailers on the 70-store roster include Tommy Bahama, Coach Men’s Factory Store, U.S. Polo Association, Hartstrings Childrenswear, Sunglass Warehouse, New Balance Factory Store, Red Mango, Loft, Chico’s, Kenneth Cole, Gap and Famous Footwear.

Food offerings include Café Du Monde, Mona’s Café, Raising Cane’s, The Fudgery and Toby Keith’s I Love This Bar & Grill.

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4 Responses to Redevelopment of $70 Million Riverwalk Moves Forward

  1. […] $70 million redevelopment of the Riverwalk Marketplace downtown into an upscale outlet mall.   The renovation will add 50,000 square feet to the building.  New […]

  2. […] year, plans for the development of  a 400,000-square-foot outlet mall were scrapped after the $70 million redevelopment of the Riverwalk outlet mall was announced.  The developers chose in the last RFP, Provident Realty Advisors and DAG […]

  3. […] Howard Hughes spent $70 million on the renovations, which added 50,000 square feet of space to the mall, bringing it to a total of 250,000 square feet. The layout of the shopping center will remain the same, but many of the store slots on the mall’s upper levels will widen to accommodate the demands of the national tenants coming in. […]

  4. […] undergoing a $70 million revonvation, the Riverwalk is scheduled to open in a few weeks (May […]

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