New owner of Riverwalk outlets announces first tenant

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New owner of Riverwalk outlets announces first tenant

Karl Lagerfeld Paris, a luxury retailer, is opening The Outlet Collection at Riverwalk. This is the first store that the company has opened in Louisiana since it was acquired by a Texas-based firm in the shopping center in downtown New Orleans.

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The store will feature high-end women’s and men’s fashion, accessories, shoes and bags, a news release said. It is scheduled for opening Oct. 21. The Riverwalk is seeking full-time and part time managers in training and sales associates for its store, according to a release.

Rockstep Capital, a Houston-based realty investment firm, purchased the shopping center from Howard Hughes Corporation in July for an undisclosed amount. According to the company it had “big plans for the mall, including adding major high-end retailers, expanding dining options, and continuing the
development of Spanish Plaza.”

The Riverwalk Marketplace shopping center, which has been on the riverfront’s banks since 1986, is home to more than 75 retailers and restaurants. These include high-end brands such a Coach, Kate Spade or Polo Ralph Lauren. Recent renovations costing $80 million included an expansion of 50,000 feet. The space has been left empty after the recent loss in tenants.

Andy Weiner, Rockstep Capital president, stated in August that his company is currently negotiating with three luxury-brand tenants and that he hopes to have the mall fully occupied in 24 to36 months.

He also stated that the company plans on upgrading the Spanish Plaza next door to add food, entertainment, and more.

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