Are the Home Prices Dropping Faster Than We Expected?

 Village Aurora Shopping Center opened its doors in the 80’s to its 250,000-square-foot center. Around ten years ago, the shopping complex was renovated and expanded. The shopping center has been purchased by a Los Angeles-based investor, Moisce Belinow. The purchase price set the California investor back $35 million. Belinow believes that the local property is a good investment with upside potential. The current shopping center houses a Winn-Dixie and a Chick-fil-A.

“Our occupancy is 98%, which is attractive. New Orleans doesn’t have a lot of vacancy for high-quality centers, which gives me a lot of comfort about investing in a high-quality property like this,” says Belinow.

The roof needs attention now and the outside needs a facelift. Belinow will sink $1 million into the immediate improvements. The Winn-Dixie will also make some upgrades to its supermarket located in the shopping plaza. Future plans for the shopping center will include a new retail building.

“We focus on adding values to our properties which means renovating, new construction, adding extra pads,” explains Belinow.

“These guys are used to much higher prices on the West Coast, and this is a deal for someone who is willing to take the risk into a tertiary market. There’s a much better return on your investment than you would get for the same asset in Dallas or Houston or Atlanta,” says Steve Reising with SRSA Commercial Real Estate.

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Algiers Shopping Center Purchased by California Investor

 Village Aurora Shopping Center opened its doors in the 80’s to its 250,000-square-foot center. Around ten years ago, the shopping complex was renovated and expanded. The shopping center has been purchased by a Los Angeles-based investor, Moisce Belinow. The purchase price set the California investor back $35 million. Belinow believes that the local property is a good investment with upside potential. The current shopping center houses a Winn-Dixie and a Chick-fil-A.

“Our occupancy is 98%, which is attractive. New Orleans doesn’t have a lot of vacancy for high-quality centers, which gives me a lot of comfort about investing in a high-quality property like this,” says Belinow.

The roof needs attention now and the outside needs a facelift. Belinow will sink $1 million into the immediate improvements. The Winn-Dixie will also make some upgrades to its supermarket located in the shopping plaza. Future plans for the shopping center will include a new retail building.

“We focus on adding values to our properties which means renovating, new construction, adding extra pads,” explains Belinow.

“These guys are used to much higher prices on the West Coast, and this is a deal for someone who is willing to take the risk into a tertiary market. There’s a much better return on your investment than you would get for the same asset in Dallas or Houston or Atlanta,” says Steve Reising with SRSA Commercial Real Estate.

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« Annual Krewe of Boo Parade, October 21 , 2023

Gretna's Big Festival Has All the Headliners

 This October the Gretna Heritage Festival will be held and will have some big name appearances. The three-day event will see live music from Lynyrd Skynyrd, Kool and the Gang, Trombone Shorty, and Orleans Avenue and The Temptations just to name a few. The 27th annual festival is located along the banks of the Mississippi River in downtown Gretna.

According to Gretna’s Mayor, Belinda Constant, patrons will also enjoy entertainment from Trombone Shorty and Orleans Avenue, Luke Nelson and POTR, Trampled by Turtles and Herman’s Hermits starring Peter Noone. Saturday along with those mentioned before there will be performances by Lee Brice, JJ Grey and Mofo, Los Lobos, Ashley McBride, Blues Traveler and ZZ Ward. Local performers will include Dumpstaphunk, Iceman Special, Irma Thomas and the Professionals, and Treme Brass Band.

The festival started over 20 years ago with around 500 attending (last year around 50,000 people attended). Last year was the first year that patrons wore wrist bands as their admission.

“The RFID wristbands were new last year, and it took a little time for people to get used to them. But they turned out to be a huge success. Folks really came to appreciate how easy and convenient they made going to the fest,” says Constant.

“Gretna Fest is always such a wonderful event-not only for the city of Gretna but also for the entire New Orleans area,” praises Constant.

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Make Your Front Yard More Appealing Yet Private

 You want to show off your lawn, but you also want privacy when you are enjoying it. A great way to do this is by using natural landscaping along your wall or fence. Here are some ways to enhance your privacy and curb appeal at the same time.

1. Install Light and Airy Decorative Screens

A decorative screen is a nice way to add some privacy without saying keep out to everyone. Strategically placing decorative screens is a common tool used to make your front yard a bit more private. A lattice-style wall is both private yet lets light pass through and does not entirely close off a space. Using a lattice-style wall will allow you to add decorative designs, hang things up or run a vine through the wall.

“Decorative screens are a gem. When positioned right, screens can give you much-needed seclusion. The trick isn’t just about hiding away. Instead it’s about creating privacy stylishly without losing the essence of your space,” explains Brian Pal, CEO of Green Pal.

2. Combine Lush Planting with an Ornamental Gate

Iron gates are a nice touch to any front yard. They are welcoming and look great, especially for a Spanish look. Tropical plants are another way to create a private setting in your front yard. These lush green plants help you feel like you are in a tropical oasis.

“Plant fast growing shrubs (like hydrangeas or weigela) either in the ground or in pots that you can move around. This can help block prying eyes while maintaining the natural appeal of your yard, plus it means you can place them strategically,” says Miguel Camperos with SunVara.

3. Choose Evergreen Hedging for Year Round Screening

Evergreen hedges are a great way to create a private setting. You can decide the height that you want. These are fast growing and include Italian cypress, arborvitae or privet.

“Evergreens are my personal favorites too. They’ve got your back throughout the year. If you’re leaning towards hedges, boxwood or privet can be your green guardians, and they’re super moldable as well,” says Clayton.

4. Put Up a Wire Fence and Grow a Pretty Vine Over It

A tall link fence is a perfect way to create some privacy and enjoy nature. All you have to do is install a tall link fence and intwine a vine through it to cover the fence for privacy. This way the fence will look like it is a part of your natural landscaping.

“Vines are one the best plants to cover a fence as they provide a lot of coverage, can grow quickly, and will provide blooms that attract birds and butterflies. Cross-vine is part of the trumpet creeper family, and a super star for being fast growing and giving great coverage, plus it’s super hardy too,” says Amy Hovis of Eden Design and Barton Springs Nursery.

5. Pair a Smart Hedge with a Picket Fence

Having both is a great idea! If you are adding a hedge to outline your front yard, then pair it with a nice picket fence. Make sure you read up on how big the plant that you choose gets.

“Native plants are useful, if possible, and ‘adapted’ plants offer an alternative option. Use something that has proven successful in your area and utilize local nurseries who can help with selecting plants that need minimum care and are adapted to your soil, climate and watering frequency,” says Mike Teal with SSC Services for Education.

These are some great ideas to make your front yard look natural and welcoming with a little privacy. Call in the experts if you are having a hard time with what works best with your home. Remember, there are plenty of creative solutions to enhance front yard privacy landscaping.

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Bucktown's Waterfront Project

 Bucktown’s waterfront will be restored to a marshland. The $15.5 million dollar project will be along a one-mile stretch of the shoreline in Jefferson Parish. Projects such as these are called living shorelines that help create bunkers with natural materials and green vegetation.

They will start with barging in rocks that will create nine segmented breakwaters in Lake Ponchartrain. The formations will be between Bonnabel Boat Launch and Bucktown Harbor and will help protect the federal levee system and keep it from eroding. There will be 20 feet of open water between the jetties and the new marshland area which will create a pathway for kayakers and canoers.

This is the first time a living shoreline will be used to protect a federal levee system and if it is successful, it will be used in other areas along Lake Pontchartrain’s shoreline.

“It’s habitat restoration that also protects the protection,” Greg Grandy, the incoming executive director of the Louisiana Coastal Protection and Restoration Authority said. “This will reduce the wave energy that comes off of Lake Pontchartrain, particularly during winter storms.”

Funding for the project came from grants and government funding. $4.5 million in grant money came from the National Oceanic and Atmospheric Administration. The remaining included $2.5 million from the National Wildlife Foundation; $1 million from Louisiana’s construction budget; $4 million from proceeds the parish receives from oil and gas revenues in the Gulf of Mexico; and $3.5 million from the CPRA.

“Having this project here, where you can see a marsh, where you can get educated about our environment, where you can see a living shoreline, this is where we can educate the 99% of the population that lives behind our federal levee system,” Jefferson Parish Council member Jennifer Van Vrancken said.

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Music and Fun During Bayou Classic Weekend

 Contemporary R&B star Maxwell will also take the spotlight the weekend of the Bayou Classic. The performer will be at Smoothie King Center the night before the annual game. The game is being played at Caesars Superdome between HBCUs Grambling and Southern universities.

The concert tickets start at $63 and part of the proceeds will benefit the Southern University System Foundation. The open act for the concert will be Leela James.

Gerald Maxwell Rivera was born in Brooklyn and is part Haitian and part Puerto Rican. His first album came out in the 90s and was the catalyst for the neo-soul movement. Since then he has released many other albums and is still on the rise today.

New Orleans is a place that the singer has performed in for a long time. Maxwell has a long-standing association with NOLA’s Essence Festival. He has filled the Saenger Theatre to the Smoothie King Center.

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Know What You're Working With

 Consider your walls as one cohesive piece to decorate and remember proportions. “It’s just like when you’re looking at a floor and deciding what size rug to put on it,” Paulus explains. “With a huge wall, you want to create an area of interest that’s proportionally appropriate.” She also explains, “How much of this wall do we need to fill for it to feel the right scale?”

No Need To Cover Every Inch

Paulus warns that too much hinders the design of the space. She says that negative space can be very important to have. “I always tell people you don’t have to put something on every wall,” she says. “We don’t want things to fight.”

Embrace Layering

“People are always like, ‘I want my home to feel warm,’’’ Paulus notes. “Well, warmth comes from what you see, but also what you hear. So if we can soften the acoustics of the space through textiles—adding more rugs, bringing drapery up—we can lessen that echo and make it sound warmer.”

Consider Fewer, Bigger Pieces

“People think, ‘Oh, it’s bigger, I can put in more shelves,’” she says. “But they actually make it feel smaller. When you step away from it, it feels like you’re looking at shutters, instead of the massive built-in that it is.” She goes on to explain, “Less is more in this case, but it’s larger accessories,” she says. “You want big things instead of trinkets. Everything scales up.”

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