Logo of Magnolia Yoga Studio via Stirling Properties.
The developers behind the $600 million redevelopment at the former Iberville public housing development have announced a new retail tenant: Magnolia Yoga Studio.
The Bienville Basin District is an up-and-coming mixed-use community rising in the footprint of the former Iberville housing development. The Bienville Basin redevelopment is being handled by HRI, Missouri-based McCormack Baron Salazar, and the Housing Authority of New Orleans. The redevelopment kicked off in 2013 and has since gained significant traction. The 23-acre district includes more than 800 mixed-income residential units, restaurants, retail, parks and recreational areas. The full development plan is expected to cover 300 blocks bounded by Rampart Street, Tulane Avenue, Broad Street and St. Bernard Avenue.
Stirling Properties handled the leasing transaction with Magnolia. Agent Joe Gardner closed the deal on the 2,000 square foot site.
“Our mission is to support growth, healing, and empowerment through the art of yoga and community,” said Magnolia Yoga Studio Owner & Chief Yoga Officer Ajax Jackson. “We are thrilled to be opening our doors here in the Basin and hope everyone will come out to see what we have to offer. Just remember: You don’t have to be good to get started, but you have to get started to get good!”
“Magnolia Yoga Studio is the quintessential example of the types of diverse business opportunities and establishments that the mixed-use Basin community has to offer. We are proud of what this neighborhood has become, and are especially excited to see young, talented, minority business owners—such as Ajax—finding a home here in our city and helping to become a part of this historic renovation,” Pres Kabacoff, Executive Chairman of the Board, HRI Properties.
Woodward Design+Build is the general contractor for the rebuilding project, which Manning Architects designed.