- Associated Press - Friday, June 26, 2015

COVINGTON, La. (AP) - Developers are hoping that a planned 92-acre business park on the North Shore will become the central business district of St. Tammany Parish.

Versailles Business Park will be located on the northwest corner of Interstate 12 and Highway 190 in Covington, New Orleans, CityBusiness reports (http://bit.ly/1SNBw7H).

The location is the central focal point of the area from both a transportation and geographic standpoint, said Michael Saucier, president of Gulf States, which is managing the development.

Once completed, the $200 million business hub will include 16 lots housing retail, residential, medical offices and other office space.

“When we bring people to the North Shore from out of town and take them for a tour, one of the common questions I get is ‘Where is town?” Saucier said. “We have some developments here and there, but there is no sense of town.”

Some lots have pre-sales pending, while the rest are being marketed to potential tenants and developers.

“We hope to bring some corporations to this area that will bring quality jobs and help boost every aspect of our economy,” Saucier said.

In an artist’s rendering of the project, a large water feature can be viewed from the interstate. Its name comes from the Versailles subdivision adjacent to the property.

The business park will be placed north of the highway because of the potential risk of hurricanes, developers said.

Construction is scheduled to begin in July. The expected completion date is the first quarter of 2016.

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Information from: New Orleans CityBusiness, http://www.neworleanscitybusiness.com

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