Avondale Global Gateway owner touts progress in first year

Avondale Global Gateway. Photo courtesy of T. Parker Host

Avondale Global Gateway owner Host says the site has “proven to be a center of commerce generating economic growth for Jefferson Parish” and moved more than one million tons of cargo at the site in 2023, reports Biz New Orleans. The maritime company signed Sesco Cement and Gulf Wind Technology as long-term tenants at AGG and says it saw a “continuous stream” of ships at the docks.

Last October marked the first anniversary of AGG’s debut. Since then, the site has generated hundreds of full-time jobs and “rejuvenated a once dormant 275-acre shipyard,” says its owner.

Over the summer, AGG contracted its third long-term tenant, Sesco Cement, which said it plans to invest $40 million at the site over the next few years. Since then, AGG has moved more than 100,000 tons of cement, a significant portion of which was destined for use in Louisiana’s expanding LNG industry.

Host said Sesco Cement and Gulf Wind Technology are major tenants in its target industry clusters centered around food products, construction materials and renewable energy. Host hopes to attract more tenants that benefit from proximity to each other to “add value to cargo moving through the site.”

In 2024, Anderson hopes to attract more industrial tenants, increasing river, rail and road shipments at the property. Read more.