Infiniti of Lafayette, which since 1998 has operated a pre-owned lot and service center at 6866 Johnston St., is making a $5 million investment in a new car dealership in the Lafayette market. The new car facility is under construction next to Hampton Toyota, about 1.5 miles closer to the Mall of Acadiana than its current location at 6291 Johnston St.
Infiniti dealer John Fabre
The Lafayette operation opened in the late ’90s mainly to service locals who were buying Infinitis in Baton Rouge, says John Fabre, who owns the Infiniti and Acura franchises in the Capital City and has been in the car business since 1990. Infiniti, the luxury division of automaker Nissan, likes what it sees in the local market so much that it approved Lafayette as one of only a few markets to be awarded a downsized version of its dealership model, which got a totally new look about a year ago, according to Fabre. “Infiniti, until recently, didn’t think Lafayette was a big enough market. They designed this store for a small market,” he says.
Designed with an eye toward preserving the trio of 100-year-old oaks on the site (Bob’s Tree Preservation was brought into the process early on), the approximately 16,000-square-foot facility is being constructed on six acres — ample space to add another franchise down the road, Fabre says. “We’re not going to develop all of it immediately,” the dealer says. Does that mean there could be a dealership for Acura, Toyota’s luxury vehicle division, in Lafayette’s future? “It’s possible,” he says. “That’s the goal, but it’s not a done deal.”
Infiniti’s pre-owned car dealership and service center will vacate the location it is currently leasing on Johnston Street once the new facility is complete — possibly by December. Infiniti of Lafayette now employs about 10 people and will immediately add a dozen employees when the new location opens.
ABiz’s annual commercial real estate roundtable discussion comes to life.
Commercial real estate professionals say the best is yet to come.
Dollars for DocsHow to evaluate pharmaceutical company payments to physicians
First Quarter EPI 2013In cooperation with LEDA, each quarter ABiz presents the Lafayette Economic Performance Index. The EPI tracks the strength of the local economy by combining multiple data points into a single score that is compared over time.
After years of neglect, University Place Apartments will enter the fall semester a top contender for off-campus housing for UL students thanks to new ownership and a recently completed multi-million dollar renovation.
Speaking at ABiz’s second annual State of the Economy event May 9 at the Cajundome Convention Center, LEDA President and CEO Gregg Gothreaux noted Lafayette Parish’s record-breaking retail sales in 2012
Le Virage Marina is a 10-acre residential development on Vermilion River offering residents a home away from home cottage-styled campsite, complete with all the amenities of city life and direct access to Vermilion Bay.
In cooperation with LEDA, each quarter ABiz presents the Lafayette Economic Performance Index. The EPI tracks the strength of the local economy by combining multiple data points into a single score that is compared over time.
ABizMON, JUN 17 12:00AM by Nicholas Kusnetz, ProPublica
The UMC medical residency program slated to re-emerge under the management of Lafayette General Medical Center will expand the number of Hub City doctors in training by 20, bringing the total number of resident docs in Lafayette to more than 80.
The concept of a traditional neighborhood development has been a tough sell in New Iberia, and a tough road for the nonprofit Southern Mutual Help Association, which after overcoming numerous obstacles over the last six years, seems on the verge of making the long-awaited Teche Ridge a reality.
Channel surfers will soon find a new urban-focused television station, possibly as early as this week, says Delta Media General Manager Chuck Wood. “Soul of the South — Lafayette” could go live on local Channel 32 either tonight or Tuesday.
The state labor department figures released Friday show the initial claims decreased to 3,306 from the previous week's total of 3,386. For the comparable week a year earlier, there were 4,177 initial claims.
Frank’s Casing Crew, now doing business as Frank’s International, will make its final appearance on ABiz’s list of the Top 50 Privately Held Companies in Acadiana this year, and once again it will likely be at the top with more than $1 billion in annual revenues. The 75-year-old company specializing in tubular fabrication and installation services to the oil and gas industry plans to offer shares of its stock to the public for the first time.
The defeat, or rather highjacking of House Bill 420 in the final days of this year's Legislative Session, say Reps. Vincent Pierre and Terry Landry, is the result of the propaganda spread by one unidentified local media outlet and an unnamed former state Representative, but nothing to do with the original legislation's lack of checks, balances or details.
He’s a singer. A songwriter. A piano man. A family man. He’s even got his own Wikipedia entry. He’s David Egan. And he knows ancient secrets about the monolithic stones of Stonehenge that he’s not willing to share.