The price on the Westmoreland Shopping Center has been reduced to $5.5 million, after several attempts to redevelop the Mid City site have fallen through. Mark Hebert of Kurz & Hebert Commercial Real Estate posted the new price on the nine-acre shopping center last week. Marion Cangelosi, who owns the center at the corner of Government Street and Acadian Thruway, had been asking for $6 million. There had been talk the high price was deterring development. The latest deal to rejuvenate Westmoreland fell through in October, when a Cleveland developer dropped plans to build a grocery store and retail center on the site.—Timothy Boone
Price cut on Westmoreland Shopping Center
Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.
