New Orleans, LA – A new, sprawling, 21,000-square-foot mall is set to open in the Gulf Coast city this summer, and it’s part of a wave of new malls that are set to take shape in the region as businesses and residents seek to diversify and compete with the city’s growing population.
“I think it’s going to be the most successful mall we’ve ever seen in the United States,” said Matt Smith, chief executive of the company that owns the South Lake Mall, which is located on the site of the former New Orleans Post & Appeal building.
Smith said he expects the mall will draw more shoppers than the old New Orleans mall, which opened in 1982, and that its success will have a long-term impact on the region.
“When people come into this area, they expect a mall,” Smith said.
“But they expect it to be big.
And this will be a bigger mall than the last one.”
Smith said the Southlake Mall will be built next to the former Times Square, which was built in the 1920s and is now the centerpiece of the city.
It is being developed by the developer of the mall, New Orleans-based New Land Development.
The mall is expected to be open by early 2021.
Smith told the local ABC affiliate that the SouthLake Mall is expected have up to 3 million square feet of space.
New Orleans, which has a population of about 12 million, is a center for retail.
The area has long been home to many major retailers, including Macy’s, H&M, Nordstrom and Home Depot.
Smith said New Orleans is now also a center of innovation.
“The Southlake mall is going to help to attract businesses, jobs, innovation, and investment,” Smith told the CBS affiliate.
The new mall is the result of years of planning that included a new downtown district and a massive expansion of the Times Square neighborhood in the early 20th century.
The development of the site was part of the Louisiana Purchase, a $20 billion development agreement that was signed in 1921.
New Land Development has a long history of developing malls in New Orleans.
Its first project, the Crescent Plaza Mall in the mid-1980s, opened in the Crescent neighborhood.
But it was sold to New Land Partners for $12.8 million in 2008.
New Lands Partners also developed the old Times Square in the 1990s, and the mall has been home ever since to several major retailers.
Its second project, The Mall of America in the 2020s, was built on the old space, with several stores across the plaza.
The project was also sold to the developer.
The SouthLake mall is part of New Land’s plans to build a new $2 billion shopping complex, a residential project, a hotel, and other residential projects in the city, Smith said in a statement.
New York City is the country’s largest city with a population over 15 million.
In a statement, New York City Mayor Bill de Blasio said the city has a rich and diverse population, which will continue to grow as people move here and relocate jobs and businesses.
De Blasio said New York is proud to support the new Southlake development in the heart of our city.
The mayor said the City will continue the long-standing work of making New York a great place to live, work and play.
“New York’s neighborhoods are thriving, and New Yorkers have a wealth of opportunities to work, live and play,” the statement said.