Teal Development welcomed a notable gathering of state and local officials, local business leaders and other honored guests at the groundbreaking of Phase Two of Metairie Centre on Friday, March 23rd. Louisiana Senators Page Cortez and Fred Mills, Youngsville Mayor Wilson B. Viator, Jr., Youngsville Chamber of Commerce officials and many others attended the morning event marking the start of the $6 million project, located on Chemin Metairie Parkway in Youngsville.

Eric Rosen, President of Teal Development, kicked off the festivities by sharing the story of the mixed-use development and the steps taken to reach that day’s celebration. He also highlighted the city’s efforts to build Chemin Metairie Parkway and the upcoming Recreational Center. “It’s a testament to the vision and forward thinking shared by Mayor Viator and all the leaders of this community, and it’s projects like these that make developments like ours possible.”

Mayor Viator, Senator Cortez, Shannon Bares, President of the Youngsville Chamber of Commerce, Mark Sibley of FM Bank, and Martin Bienvenu of Bienvenu Construction all joined Eric in helping break the first ground on site.

Afterwards, Mayor Viator thanked Teal Development, emphasizing how “beneficial it is for Youngsville to attract private developments such as Metairie Centre, which generate economic activity, new jobs, and provide activites and shopping opportunities for our residents.” Reminding the gathering that Youngsville was recently named the “Best Place to Live in Louisiana”, the Mayor noted that Metairie Centre is an example of Youngsville being the “best place to work and invest, as well.”

Senator Cortez’s comments echoed the Mayor’s. “Public projects such as Chemin Metairie Parkway and the Recreational Center can generate private investments like Metairie Centre that result in what matters most: jobs for Youngsville and all of Acadiana,” the Senator said.

At its completion, Phase Two will feature over 30,000 square feet of retail and office space in three distinct buildings, producing over 50 permanent jobs for Youngsville. The first building will be open for business in the summer of 2012.

Louisiana Senator Page Cortez, left, addresses the gathering, with Eric Rosen looking on.

Louisiana Senator Page Cortez, left, addresses the gathering, with Eric Rosen looking on.

About Metairie Centre

Metairie Centre, located at the corner of Chemin Metairie Parkway and Milton Avenue in Youngsville, is the new mixed-use development that will soon provide Youngsville residents with new opportunities to shop, dine, work and live. Included in the 30-acre development will be restaurants, retail and office space, as well as traditional and loft-style apartments.

About Teal Development

Founded by Eric Rosen, Teal Realty and Development has been active in the Lafayette commercial real estate market since 1983.