polo ralph lauren outlet store Neiman Marcus among stores coming to revamped Riverwalk
NEW ORLEANS, La. The makeover of the old Riverwalk Mall has attracted huge national retailers as tenants. It is another indication that confidence in the city economy is growing.Stretched along the riverfront for decades, the Riverwalk has long been a part of the city fabric. The revamped retail center will be called “The Outlet Collection at Riverwalk.””We think it going to be a nice catalyst for the rebirth of retail in the city of New Orleans, not just downtown, but across the city,” said Mark Bulmash, Sr. Vice President of Development for the Howard Hughes Corporation.The interior of the once struggling retail center has been gutted, and plans for the new space have enticed national retailers, including some that have never operated in Louisiana. Among them, Neiman Marcus Last Call Studio. It will be the first Neiman Marcus store in the state. Polo Association Outlet, New Balance Factory Shoes, and Sunglass Warehouse are among dozens of other tenants.Many local restaurants like Caf du Monde and Raising Cane are among the new eateries that will be a part of the Riverwalk.”We think it a really compelling retail mix [and] that there will be a little something for everybody,” Bulmash said.As part of the redevelopment, 50,000 square feet will be added, for a total of 250,000 square feet of retail space next to the Hilton Riverside Hotel. Almost all of the space is rented, with 94 percent of the leases executed, according to the Howard Hughes Corporation.The Downtown Development District is thrilled.”It a tremendous benefit to downtown and to the city, because recent studies have shown $1.9 billion of retail sales have seeped out of this city because we didn have a place for people to shop,” said Anthony Carter, Director of Finance and Administration for the DDD.But instilling confidence in national retailers to be part of the redevelopment of the Riverwalk didn happen overnight.”We seeing a lot better response to our inquiries with tenants now than we did two and half years ago when we first tried to get them interested in New Orleans and the opportunity,” Bulmash said. “Back then it really was an issue. The question that kept being asked of us was, why New Orleans? They really hadn thought about the city since Katrina.”It was a turnaround in perception about the city that the DDD was confident would come.”We showing there is vibrant life downtown, and national retailers are paying attention to that,” said Carter.Bulmash expects the project to create about 700 construction jobs and the same amount of retail jobs, although not all of them will be full time.Sales taxes from the Riverwalk once it reopens by the summer of 2014 are estimated to be $6.9 million annually. The Eagle is expected to sign a 4 year deal with the Saints. This is a surprise: Eagles CB Patrick Robinson, due to be a free agent in 2 hours, is expected to sign a 4 year deal with the Saints. Back where it all began. He was drafted in 2010, 32nd overall. The Eagle is expected to sign a 4 year deal with the Saints. This is a surprise: Eagles CB Patrick Robinson, due to be a free agent in 2 hours, is expected to sign a 4 year deal with the Saints. Back where it all began. He was drafted in 2010, 32nd overall. The special session resulted in no bills to help replace nearly $1 billion in revenue that will soon be lost to expiring temporary taxes. Now, students are concerned about the future of their education.