801 Harrison Avenue; New Orleans, LA
Essential to the ongoing post-Katrina rebuilding effort in New Orleans is the provision of needed neighborhood infrastructure. In addition to road and utility reconstruction, neighborhood recovery encompasses important services, like healthcare and grocery stores.
Crescent Growth Capital aided the rebuilding of the devastated Lakeview neighborhood, simultaneously generating job opportunities and supporting the Obama Administration’s Healthy Food Financing Initiative, by structuring a $6 million New Markets Tax Credit qualified equity investment on behalf of Harrison Fresh Market, LLC.
Lakeview Grocery, a full-service 21,000 square foot store operated by local grocer Robert Fresh Market, opened in the last week of October 2010.