The New Orleans Advocate interviewed Sherif Ebrahim, lecturer in management and director of entrepreneurship and innovation education at the A. B. Freeman School of Business, for a story on the revival of Upper Canal Street, which has been the beneficiary of nearly $650 million in investments over the last several years.
New ground-floor retail may find suitors, experts say, particularly as more stores look to leave suburban malls and move into downtown New Orleans — back to the area many of them or their predecessors fled in the 1960s and ’70s.
“Retail follows where people live, and there’s certainly a trend of populations shifting back to urban environments,” said Sherif Ebrahim, a professor of strategy and innovation at Tulane University.
With the added population density downtown, there’s a growing need for amenities like restaurants and shopping that is within walking distance of all the new condos and apartments, Ebrahim added.
“There’s certainly been a longtime move, or a longtime slow march up Canal from the river, but I think you’re beginning to finally see some impact,” he said.
To read the story in its entirety, visit theneworleansadvocate.com.