Covington-based Stirling Properties and JCH Development have formed a joint venture to develop Magnolia Marketplace Shopping Center in New Orleans.
The Central City shopping center will be located at the intersection of South Claiborne Avenue and Fourth Street.
Construction will begin in the fall with the first building in the center, a 6,000- square-foot building, with a 3,000-square-foot Capital One bank branch. The center will have 138,000 total square feet of space when complete.
Stirling said it and JCH have secured leases for 108,000 square feet with established national retail tenants. Stirling is negotiating with tenants for the remaining spaces in the center and expects to announce additional tenants soon.