The largest undeveloped land on Veterans Blvd. may finally be ready for redevelopment.
Rumor has it that the land’s owners have finally reached a tentative agreement to develop the land after more than half a century of dispute.
The agreement called for five lots on the north and east side of the property to be zoned R-1A, which allows for single family residential homes. This would act to buffer the existing homes from future commercial development near Vets.
The rest of the property that faces Veterans Boulevard will be zoned as C-1, which allows for commercial uses.
“We would most likely see some type of retail tenant as they can pay the most rent,” says commercial broker Casey Burka of Corporate Realty, who specializes in retail leasing. “The most likely scenario is a single tenant big box store.”
[…] Owners of the largest undeveloped land on Veterans Blvd. moved closer to reality Wednesday as Jefferson Parish approved two ordinances to change the zoning in accordance with an agreement with neighbors back in February. […]
[…] The Los Angeles-based grocery store company announced that the store will open a 10,200 square foot store in 2016 at the corner of Veterans and N. Labarre. It will be part of the Tolmas Tract redevelopment. […]