New Orleans City Business
November 18, 2009
The Domain Cos. said it has financing for The Shops at Crescent Club, a $5 million, 15,000-square-foot retail development being built in the 3001 block of Tulane Avenue.
The project, slated for completion in July, is across the street from Domain’s $55 million Crescent Club apartments and expands on the 3,000 square feet of retail in that development.
Financing for The Shops includes a $3 million construction loan from Capital One Bank and a $750,000 loan from the New Orleans Redevelopment Authority.
Capital One Bank, Subway, a nail salon and spa, a dry cleaner, a gourmet pizza restaurant and an upscale wine and tapas bar have signed leases for space at The Shops.
Domain said it has not found tenants for two remaining retail spaces. Corporate Realty is handling leasing at The Shops. To contact Keith Adler or Richard Weber at Corporate Realty call 581-5005
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