More than 90 percent of the retail space at The Outlet Collection at Riverwalk has been leased, according to The Howard Hughes Corp.
Tenants that are new to the New Orleans market include Last Call Studio by Neiman Marcus — the first Neiman Marcus store in Louisiana; Coach Men’s Factory Store, Tommy Bahama, Toby Keith’s I Love This Bar & Grill, Hartstrings Childrenswear, U.S. Polo Assn. Outlet, It’Sugar, Sunglass Warehouse, Red Mango and New Balance Factory Stores. Other tenants include Coach Factory Store, Café du Monde, Kenneth Cole Company Store, LOFT Outlet, Chico’s Outlet, Clarks/Bostonian Outlet, Gap Outlet, Guess Factory Store, Kay Jewelers, Raising Cane’s, Sunglass Hut Outlet and The Fudgery.
The Riverwalk Marketplace is being redeveloped as an outlet center; it will the first outlet center in the country to be located downtown, according to The Howard Hughes Corp.
New Orleans has roughly 30 percent less square feet of retail per capita than the national average.
“We are in the midst of a retail boom in New Orleans, and the redevelopment of the Riverwalk is a welcome addition,” Mayor Mitch Landrieu said. “We’re seeing a lot of projects come to fruition that will ultimately make the city a better place to live and visit. This project will transform a site that’s been underused, bring much-needed retail downtown and create new jobs and local tax dollars. These nationally recognized retailers will increase New Orleans’ attraction as a premier shopping destination.”
Howard Hughes Corp. is spending around $70 million on the project. The redevelopment will expand the Riverwalk by about 50,000 square feet, for a total of around 250,000 square feet. Interior demolition and other construction activities are underway. The property is expected to reopen in late spring/early summer of 2014.