Fremaux Town Center Adds New 276 Unit Multifamily Project and New Retailers

by • May 20, 2019 • NewsComments (0)6717

Fremaux Town Center developer Stirling Properties announced several new projects and tenants today, including new retail tenants and a new multifamiy project at the surrounding Fremaux Park.

Old Navy signed a lease for 12,500 square feet. Construction of the building will commence this week, with plans to open in the spring of 2020.

Physical therapy provider PT Solutions is leasing 2,617 square feet of retail space in Fremaux Town Center located on Town Center Parkway between Aveda and Bath & Body Works. Buildout of the space began recently, with plans to open in mid-July.

Ryan Pécot, Senior Retail Leasing & Development Executive with Stirling Properties, handled the lease transactions for both retailers.

Stirling also recently closed on the sale of a 20-acre site to multifamily developer, Waypoint, for a luxury apartment community in Fremaux Park. The 276-unit multifamily development will consist of eight detached buildings that will be located along Town Center Parkway on the south side of the W-14 canal. Construction is scheduled to begin in the next couple of weeks.

The developer for the Marriott Springhill Suites has started construction this month with site clearing and site work now underway. The hotel is expected to open in 2020.

Fremaux Town Center, anchored by Dillard’s, Dick’s Sporting Goods, Kohl’s, and Best Buy, is part of the roughly 350-acre regional mixed-use development located at the southwest corner of Interstate 10 and Fremaux Avenue in Slidell, Louisiana. The retail center includes more than 640,000 square feet of shopping and restaurant options and is jointly owned and operated by CBL Properties and Stirling Properties.

The adjoining Fremaux Park includes Retreat at Fremaux Town Center luxury residential apartment units, Springhill Suites by Marriott (coming soon), Waypoint apartment community (coming soon), Saltgrass Steak House, and Dana Inc. Service & Assembly Center (coming soon). Additional phases are forthcoming with added residential, retail, industrial and office park. Fremaux Park is a Stirling Properties mixed-use development.

Stirling refinanced the project with a $73 million loan from Wells Fargo in 2016.

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