BOSSIER CITY — Change appears to be on the way for Bossier City's Boardwalk retail development.
According to news reports, the New York-based Garrison Investment Group bought the property out of foreclosure in March 2013 and gave it a new name — the Outlets at the Louisiana Boardwalk.
The new name appears to reflect a new philosophy for the leasing at the development along the Red River.
Future leases will be focused on outlet retailers, according to Stirling Properties assistant manager Donna Taylor.
It's a national trend the new ownership hopes to capitalize on, though it will require a shake-up in occupants at the site.
"Some of the tenants will be leaving. It's the natural progression of retail, but it's all for the improvement and benefit of the property," Taylor said. "We hope to announce some new tenants over the next couple of months."
Boardwalk general manager William McFadden said all tenants on the strip have a lease that will be allowed to reach its terms, but performance and place within the outlet-oriented model will determine whether individual leases will be renewed.
"We're at a critical juncture right now," McFadden said. "There are many new tenants in the pipeline now that will be coming to the Outlets at the Louisiana Boardwalk in 2014 and 2015. It takes time to get these deals put together and get them built. We will have some construction starting as early as the first quarter of this year."
McFadden wouldn't identify stores considered outside the model or which companies might be considering opening at the Boardwalk.
But Bossier City director of special projects Pam Glorioso thinks several high-end retailers are in the mix, including Coach, Tommy Bahama and H&M.
Even if she does most of her shopping online, Benton resident Amy Hall said she and her family are at the Boardwalk at least twice a month.
More-high end retailers would fill a gap in the Bossier City retail market, she said.Subscribe to Read!