Occasionally, because Bedico Creek Preserve is such a popular neighborhood on the northshore of Lake Pontchartrain in New Orleans, Louisiana, we will have newspaper, magazine, and online articles and blogs written about our master-planned community. We feature these articles in our Press Room area. Also, we sometimes create press releases for special news and events that are happening at Bedico Creek Preserve. You can find all of this information, plus make media inquiries all right here in our Press Room.
Come see this play in Covington.
How the Other Half Loves
Playmakers Inc.
19106 Playmakers Rd
Covington, LA 70435
April 1 – 10, 2022
Every Saturday 7pm and Sunday 2pm
Tickets: $20 Adults, $17 Child 17 and under
Click Here for More Information.
April 23, 2022
TerraBella Village
141 Terra Bella Blvd.
Covington, LA 70433
Globalstar’s satellite communications technology headquarters is located in Covington. The company has listed the building for sale for close to $20 million. St. Tammany will not lose the headquarters as it will stay in the St. Tammany parish building.
“We have a 10-year lease, which we fully intend to stay for,” Globalstar CEO Dave Kagan said.
Globalstar moved from Silicon Valley to Covington back in 2010. Thermo Development Corp, Globalstar’s majority shareholder, says they are just in the third year of the 10-year lease and are interested in subleasing back from whoever purchases the building. During the pandemic, the company began to shift to a hybrid work model. The 66,180-square-foot-building located at 1351 Holiday Square Boulevard in Versailles Business Park is conveniently located close to the Interstate 12 and U.S. 190 interchange.
Only around 60 employees actually work in the office. The majority of the 200-plus employees work remotely. Most of the company’s employees live in the St. Tammany area so the Northshore will stay Globalstar’s home. “We have incredible growth in the business,” he said. “We are not going anywhere. We’re not moving anywhere.”
The building has a 250-space parking lot with electric vehicle charging stations, floor-to-ceiling dry erase conference room walls, and noise reduction features throughout. There is a workout facility on the second floor that boasts showers, a telemedicine room, a full kitchen, and breakrooms.
The NAHB analysis of Census Construction Spending reported a 1.1 increase in total private residential construction spending in December 2021. November 2021 also reported an increase of 0.7%, in fact, total private residential construction spending was 15% higher than reported at the same time last year. Spending was reported at a seasonally adjusted annual rate of $810.3 billion.
The growth rates are due to the solid growth of spending on single-family and multifamily construction. Monthly gains in single-family construction rose 2.1% to a $435 billion annual pace in December 2021. As for multifamily construction, there was a 0.4% increase in December 2021. Spending was a little down because of the supply chain issues and labor shortages.
Private nonresidential construction spending stayed steady during December 2021. The data shows that the spending was 9.1% higher than a year ago. As far as the separate spending in each category was $0.49 billion in office, $0.4 billion in amusement and recreation and $0.37 billion in lodging.
Students from around the area will compete in this competition in New Orleans.
Bayou Battle of the Build
Caesars Superdome
1500 Sugar Bowl Dr
New Orleans, LA 70112
March 11, 2022 12pm
March 12, 2022 10am
March 13, 2022 10am
Tickets: $15+
Click Here for More Information.
Come see firsthand the new home designs for the upcoming year in New Orleans.
New Orleans Home and Garden Show
Caesars Superdome
1500 Sugar Bowl Dr
New Orleans, LA 70112
March 11, 2022 12pm
March 12, 2022 10am
March 13, 2022 10am
Tickets: $15+
Click Here for More Information.
