Hilcorp Might Purchase Phillips 66 Refinery in Belle Chasse

This can be both good news and bad news for Belle Chasse and Plaquemines Parish. Phillips 66, which is based out of Houston wants to sell its Alliance Refinery in Belle Chasse. The good news is that Hilcorp Energy Co. is considering purchasing the refinery but the bad news is over 850 workers and contractors who are employed at the current refinery will be out of a job.

Hilcorp would have to shut down Alliance to be able to convert the refinery which is located on the lower Mississippi River into an oil export terminal. Hilcorp feels the refinery is a possibility to be incorporated into Hilcorp's growth strategy. In 2020 the company acquired BP PLC's in all of Alaska adding it to the already huge Hilcorp Alaska private oil and gas operator.

Hilcorp is also based out of Houston and was founded in 1989. It is the largest privately-owned oil and natural gas producer in the country. They provide oil, petrol and natural gas.

The Alliance Refinery is about 25 miles south of New Orleans. The refinery gets its crude oil from the Gulf of Mexico by pipeline and U.S. tight oil by barge. Most of the refined products from the refinery are distributed around the eastern United States. It is distributed through the major common-carrier pipelines and by barge.

The refinery, built in 1971, sits on 2,400 acres in Belle Chasse and has a capacity to process 255,600 barrels of crude oil each day, most of which is refined into gasoline. This sale could see a potential of $500 million.

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Land on the West Bank, Close to New Orleans

Sometimes, the southern region of the crescent in the Crescent City of New Orleans gets overlooked for its potential to offer benefits for those home buyers who are interested in being near New Orleans but not necessarily living in the city of New Orleans.  Land on the West Bank is still available in an established, master planned community just over the Intercoastal Waterway in Plaquemines Parish.  Plaquemines Parish is an odd-shaped piece of land that extends from the “base” of New Orleans all the way down to where the land seems to disappear into the marsh.  Because of this, the parish gets a reputation for being flood prone or “too far south” to be livable for those looking to commute to work everyday in the Central Business District (CBD).

At The Parks of Plaquemines in Belle Chasse, Louisiana, we offer the best of both worlds.  You can live in a parish that has significantly lower bills (taxes, city rents, utilities), in a gated community, in a safe environment (only one way in or out of the parish from our location with low crime), only 10.2 miles from downtown New Orleans.  Also, a HUGE perk of choosing to live just outside of the city limits is the fact that Plaquemines Parish has one of the best rated school districts in the state of Louisiana, so if you are moving with your family, there is a guaranteed quality school district to send your children.

The subdivision itself also has a lot to offer.  In addition to being able to buy your own lot and custom build your new home (if you wish); you can also enjoy walking and hiking trails carved out around the community.  Inside the community we have built a community swimming pool, tot lot / playground, and tennis courts as amenities for our new home buyers.  New Homes are available now at The Parks of Plaquemines, and we are slowly building out the community with both traditional housing as well as new construction garden homes in our Villas Neighborhood.

Our master planned neighborhood is located near everything the West Bank in Jefferson Parish has to offer with shopping, dining, and entertainment locations, the day-to-day office visits that are “life necessary” such as doctor’s and dentist’s visits, veterinarian appointments, and even home business visits such as accountants and lawyers.   There are two ways to access New Orleans – across the Crescent City Connection bridge or by ferry at Algiers Point.  New ferry boats are in the works because of a bill signed recently by the governor to get them operational as well.

Real estate in New Orleans is scarce, and prices are higher because of supply and demand.  If you are interested in living in an established neighborhood, you may want to consider living a little bit farther away in the comfort of a beautifully maintained and quality built subdivision such as The Parks of Plaquemines.  Contact Us at 504-364-2350 or E-mail Info@TheParksLifestyle.com for more information.

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Plaquemines Parish Experiences a Growth in Home Prices

Plaquemines Parish, specifically Belle Chasse, saw a 7.9% growth in home prices during the first 6 months of 2015 according to Wade Ragas, local real estate consultant and expert.  The 7.9% growth was based on numbers pulled just before Hurricane Katrina, and overall in the Greater New Orleans area, home prices have jumped 50% since just before Katrina.  On the Southshore, the average sale price for a single-family home in New Orleans went from $114 / square foot to $166 / square foot which was a different in home pricing of $228,620 vs. $339,743.  Belle Chasse in Plaquemines Parish saw the 2nd highest increase in home prices in Greater New Orleans followed by a 6% increase in St. John the Baptist Parish.

Home prices on the Southshore in New Orleans have risen on average 4.6% per year for a record-high increase of 46%.  All numbers culminated for the 8-parish region surrounding Lake

Pontchartrain in the Greater New Orleans area saw an increase in home prices of 18.6%, which is still a pretty significant increase for a 10-year period.  However, interestingly, Jefferson Parish home pricing has not “moved” very much at all since Hurricane Katrina.

Homes for sale in Jefferson Parish have remained nearly the same pricing overall in this period with only a 1% growth in 10 years.  The average price of a home in Jefferson Parish is $194,510 which equals approximately $106 / square foot.  Spikes of home pricing in Jefferson Parish can be seen in prominent neighborhoods such as Old Metairie and Bucktown where the average price of a home is $494,724 amounting to $204 / square foot.

The Greater New Orleans area can actually be compared to larger metros in its growth rate.  These metros, such as Dallas, Houston, or Miami were seeing similar growth according to Ragas.
“We have a surge in demand, but we don’t have enough inventory to keep that at an affordable level,” Ragas said. “Problems like this tend to solve themselves if markets are left alone.”

Ragas claims that there is a supply of buyers but not such a large supply of homes to be purchased, which have led to bidding wars for homes located in safe and quality neighborhoods in the city.  The Parks of Plaquemines, located just across the river from New Orleans offers new lots for sale as well as new homes for sale.  When buying a new home in our master planned community, you can avoid the high price of purchasing a home in the city of New Orleans with lower taxes, lower utilities, and a much higher level of safety.  For More Information about purchasing a home at The Parks of Plaquemines, Contact Us at 504-364-2350 or E-mail Info@TheParksLifestyle.com.

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