The Esplanade 966,852 sf | Kenner, LA

Evaluation

Declining income, loss of national tenants, declining tenant sales and poorly performing anchors directly related to the aftermath of Katrina and competing properties. Dillard's (unowned) converted its store to a clearance center.

Strategy

Five strategic solutions with were offered ranging from Immediate Note Sale to two different Redevelopment Opportunities including estimated costs, time-lines, recommendations, referrals, outcomes and investment returns.

Result

Client is currently pursuing one of our strategies.