- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
LWCC buys Mestizo Restaurant and surrounding hotels at Acadian/I-10
Posted on 1/5/21 at 8:40 am
Posted on 1/5/21 at 8:40 am
Presumably for a new office building. Does anyone know if their redevelopment will include a new restaurant?
quote:
LWCC buys Mestizo restaurant property for nearly $2.2M
LINK
The Louisiana Workers’ Compensation Corp. has bought the Mestizo restaurant property, expanding the company’s footprint near its eight-story office building on S. Acadian Thruway.
In a deal filed earlier this week, LWCC acquired the property from Kavanaugh and Tudor Company for nearly $2.2 million.
The property is still subject to the lease agreement with Mestizo to use the property, according to sales documents.
LWCC has acquired several properties in the immediate area of its offices in the past 15 months. In late 2019, the organization bought the 2.7-acre shuttered La Quinta Inn property, adjacent to its offices at S. Acadian Thruway and Bawell Street. Months later, LWCC closed on a deal to buy the also-closed Red Roof Inn property.
16
Posted on 1/5/21 at 8:43 am to goofball
Those hotels are closed? I don’t think I’ve been that way in a few years but I believe they were of the no-tell motel variety.
Posted on 1/5/21 at 8:45 am to goofball
They need to purchase properties in a more eastwardly direction.
Posted on 1/5/21 at 8:47 am to goofball
I would guess they probably continue to lease to Mestizos. However, it's good to see those shitty hotels being torn down (particularly that Persian eyesore) and hopefully redeveloped
Posted on 1/5/21 at 8:48 am to supadave3
I stayed at the Red Roof last year for the Arkansas game. It was a dump but it was close and served it's purpose. Not sure what the area is normally but that weekend it was mostly fans/game goers.
Posted on 1/5/21 at 8:51 am to drdoct
that hotel has really gone down over the years...is/was there a Denny's in that area as well? (in my day it was a Sambo's)
Posted on 1/5/21 at 8:52 am to goofball
intriguing purchase considering their claims adjustors have been working from home since April. During this COVID transition period, several have told me they would choose to continue working from home if given the future option. Office space could then be rented out to other tenants as LWCC would profit by diversifying their investments.
Posted on 1/5/21 at 8:58 am to Got Blaze
lwcc has more money than they know what to do with.
Posted on 1/5/21 at 9:01 am to Chad504boy
quote:I wonder why.
lwcc has more money than they know what to do with.
Posted on 1/5/21 at 9:01 am to goofball
Mestizo has 22 years remaining on a 25 year lease. The sale included a clause that the lease stays in tact for the remainder...Mestizo is not going anywhere.
This post was edited on 1/5/21 at 9:02 am
Posted on 1/5/21 at 9:02 am to Alt26
Hope Mestizo’s stays open, I have had some really good food there.
Posted on 1/5/21 at 9:03 am to Chad504boy
As a former employee, this is an understatement.
Posted on 1/5/21 at 9:03 am to goofball
what the hell are they doing with all that?
Posted on 1/5/21 at 9:06 am to dagrippa
My guess is Mestizo will serve out remainder of lease or try and get out of lease since that location has flooded twice due to the water backing up on their property.
Mestizo will find another location and reopen at a new location. They could move in the old Bistro Byronz on Govt since they are moving or somewhere else.
A good location for them would be the old Galatoire's/Provisions but the rent there is outrageous.
Or maybe Juban's never reopens and they could take over that space.
Mestizo will find another location and reopen at a new location. They could move in the old Bistro Byronz on Govt since they are moving or somewhere else.
A good location for them would be the old Galatoire's/Provisions but the rent there is outrageous.
Or maybe Juban's never reopens and they could take over that space.
Posted on 1/5/21 at 9:07 am to The White Wolf
underwriter or something else?
Posted on 1/5/21 at 9:09 am to goofball
Given the proximity to LSU, it always amazed me these hotels were so bad and for so long.
Posted on 1/5/21 at 9:15 am to nicholastiger
quote:
Or maybe Juban's never reopens and they could take over that space.
What is up with Juban's? Growing up we'd go there when we were in town and it was da bomb, but the last few times I went there (like 3 plus years ago) it was a shell of its former self. Has it gotten back to its former glory? Or is it expected to close after covid?
Posted on 1/5/21 at 9:24 am to vl100butch
quote:
is/was there a Denny's in that area as well?
Mestizo's is where the old Denny's used to be located. I dont know why but that Dennys was always our go to late night place in high school.
Posted on 1/5/21 at 9:26 am to goofball
I like Mestizos. Glad to see they’re being allowed to stay.
Posted on 1/5/21 at 9:26 am to goofball
LWCC buying their way into tranny shows and other degeneracy Mestizo's supports.
Page 1 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News