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Anyone looking for vacant land in Metairie to build a commercial building knows that it is a needle in a haystack challenge.
A quick drive down any major thoroughfare in the area will NOT result in a list of vacant sites that you can easily select from. And of the available sites, many permitting and zoning challenges exist that create even more road blocks to development.
Vacant land is also hidden or disguised, usually with older obsolete buildings that need to come down in order to uncover the vacant land. Given the fact that most owners of these properties know the value of their "land", and that it currently provides income to them, it makes it all the more difficult to reach a price that is acceptable to both parties.
So what is a developer to do?
First, in any development project, there needs to be a driver. Fortunately, many retailers and companies see the New Orleans and south shore market as a very attractive place to locate. The population, traffic and demographic numbers create the perfect mix of business elements to make money.
In retail specifically, this means a visible, well traveled, major thoroughfare location that will provide convenience and accessibility to the customer they are trying to reach. Finding that perfect site is the needle in the haystack scenario. Although in the case of the south shore, its a very small haystack. There are only a handful of major thoroughfares that meet the retailers criteria.
Consider that in East Jefferson there is only one interstate(I-10), only one major east/west State Highway(Hwy 61-Airline Drive) and only one major east/west retail or commercially zoned corridor(Veterans Mem. Blvd.). And north/south roadways are even more limited with only one major thoroughfare connecting I-10 to the westbank(Clearview Parkway).
So finding a 28,420 sf site, located across from a major grocery store, at a traffic light, with 90k cars per day is a rare find. But it does exist. You can find it here. http://www.lacdb.com/listing/28293324
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