Developers have closed a $2.1 million deal to buy property that will be part of plans for a $24 million retail center in New Orleans' Central City neighborhood.
The New Orleans Advocate reports that a development group led by Covington-based Stirling Properties purchased the five parcels of land from the city and other owners on Dec. 23.
Stirling Properties has been awarded a contract to manage the Taylor Energy Building on Lee Circle. The 30,000-square-foot building is owned by the Taylor Foundation.
Terms were not disclosed in the announcement on Monday.