On The Greaux – The building boom continues in Lafayette


Rouses Opens in YoungsVegas*
January 29, 2009, 3:36 pm
Filed under: New Commercial Development, New Construction | Tags: , ,

This morning (Thursday) at 8am Rouses opened the Louisiana-based grocery chain’s newest store in Youngsville.  The store is the first major retail component of the Sugar Mill Pond development, and is located at the corner of Hwy. 92 and the new Youngsville Pkwy.  These pictures are from Wednesday, when the parking lot was likely full of vendors and employees getting ready for the opening.

This is Rouses first Acadiana store.  The chain was founded in Thibodaux in 1923, and until recently only had a presence in the Bayou area of Houma/Thibodaux/Morgan City.  Post-Katrina, Rouses bought the Sav-a-Center chain’s stores in the New Orleans area, and on the Mississippi Gulf Coast.  Rouses prides itself on a wide selection of Louisiana products – including specialty meats and seafood.

I think Rouses has a great Wal-Mart fighting formula.  Too many national grocery chains have gone out of business because they tried to compete with the major discount super-centers.  The chains that will survive are going to be the ones that do something different, and do it well.  The Rouses in the New Orleans area seem to be doing well – and I think the Youngsville store will thrive – despite nearby competition (Wal-Mart and Albertson’s on Hwy. 90).  I’m sure they’d like to build a Lafayette store (maybe River Ranch?), but I’d imagine land prices are near much higher Youngsville prices.

Next to the store is a sign for a proposed strip shopping center, but I am surprised to not see any out-parcel / pad sites in front of the store on Hwy. 92.  I’m not sure if they had any land limitations fitting into Sugar Mill Pond.

*I sometimes like to refer to Youngsville as YoungsVegas for two reasons.  One, the name fits the area’s gold rush, build-it-and-they-will-come vibe.  The other reason is of course it just sounds funny. 

QUESTION: Do you think Rouses will make it in Youngsville?  Have you been to the store – what’s it like?  Leave a comment below.

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Welcome
January 28, 2009, 9:01 pm
Filed under: Uncategorized

Nice to see you, again!  I’m glad you found your way over to On The Greaux.  This will become your go-to site for the latest news on business growth in Lafayette and Acadiana.  I’ll be blogging about new developments here – and also answering your questions.  If you want to know what’s going up where – aks me at louisjdavid@gmail.com.  Keep in touch.

-Louis David



Tractor Supply Co. Expands in Acadiana

Tractor Supply Co.is set to open the chain’s second Acadiana location in Breaux Bridge.  There is a sign at the former Wal-Mart building on Rees St. near Mills Ave. that alerts to the construction.  The chain’s first Acadiana store is in Abbeville near the new Lowe’s on Hwy. 14. 

 If you’re not familiar with Tractor Supply, they operate stores that are smaller than a Lowe’s or Home Depot, and one of their marketing folks once told me they sell everything that someone who lived on their own land and had animals would need.  This includes a lot of horse gear and lawn care items.  The Tennessee company operates more than 800 stores in the US.

About a year ago, Wal-Mart moved down Rees Street to a site bordering I-10.  Another sign at the old Wal-Mart site from a local real estate company makes me think they’re also building a shopping center on the property.



Warehouse Dist. Lofts Move Ahead
January 28, 2009, 8:36 pm
Filed under: New Residential Development

Construction should start soon on the Warehouse District Lofts, a long-proposed project on South College Dr. near W. Bayou Pkwy.  Records show the building permit for the complex was issued Jan. 15th for $1,000,000.  Developer Dimitri Menutis orginally planned for the entire site to house a few buildings of high-end residential lofts.  The plan has changed – with office condos being built on the Oil Center side of the property, and the less expensive warehouse lofts on the Johnston Street side. 

One of the commercial buildings looks like it’s almost complete.  The project’s website says three of the residential units have been sold.  The two bedroom / two bath units are sellling in the $260,000 range.  They look very similar to the Red Stick Lofts complex in Baton Rouge that LSU fans may recognize from their Nicholson Drive location between campus and downtown.



New Condos Near UL
January 28, 2009, 2:22 pm
Filed under: New Residential Development | Tags: ,

From the ashes of a house fire, more student-focused housing is heading to near the UL campus in Lafayette. Building records show Roosevelt Street Condominiums has been permitted to build a $400,000 complex at the corner of Roosevelt and Gen. Mouton – that’s just about two blocks from the edge of the UL campus.

The condos are being built on a lot that used to house an older house that caught on fire about a year ago, and has since been demolished. The sign at the property looks almost exactly the same as the sign that was at the property where condos have recently been built on Johnston Street, across from Ground Pat’i. I’m not sure if the developers are the same – or they’re just using the same design. Over on Johnston Street – those condos were two bedrooms, two stories and they were listed for around $140,000 a piece.



Hello world!
January 22, 2009, 9:11 pm
Filed under: Uncategorized

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