‘Real Estate Weekly’: Nicholson corridor project still in the works

While little has been heard publicly in recent years about River District, the planned mixed-use development along the Nicholson Drive corridor, Dalis Waguespack of Moreno Properties says prominent architect Steve Oubre is in the process of finalizing the master plan. “We had to take a break,” because of the recession, she says. “Things are coming back together. Lending is available. The housing market is turning around. We’re getting excited again over it. We never lost the enthusiasm for the project.” Waguespack didn’t want to discuss the still-evolving details about the development on 45 acres near Magnolia Mound Plantation, although media reports dating back to 2008 describe a “smart-growth, new urbanist community” with multifamily residences, retail and office space. Waguespack says other projects along the corridor, such as the redevelopment of the former Prince Murat site, are good for River District. “Our studies are strong, and we’re excited to have Steve doing it,” she says. —David Jacobs Read the rest of the new Real Estate Weekly e-newsletter here.