Lakeview Village and Indian River Plaza shopping centers are two of the components of Dr. Bharat Sangani’s retail development in D’Iberville.
The 85-acre site is built around a 16.2-acre man-made lake, which was dug in the 1970s to provide dirt to build the Interstate 10 overpasses. Interestingly, most of the lake has been filled to create new commercial building sites.
Construction of the theater complex will begin on a 52-acre parcel east of Lamey Bridge Road. About 25 acres will become a park for D’Iberville residents, and a 5-acre lake will provide drainage for stormwater runoff.
To support the recent expansion, the city of D’Iberville has issued a $4.5 million bond to pay for roads and drainage. The bond will pay to unite Sangani Boulevard and Mallet Road at a single intersection on Lamey Bridge Road.
The bond will be paid off which sales taxes from the development. Infrastructure for the first part of the project was completed with a similar $3.5 million bond, secured by sale taxes.
D’Iberville borrowed heavily to help developers open the shopping center, but city officials feel the investment has paid off. Annual sale taxes in D’Iberville have risen from $1.2 million to $3.5 million, said Alan Santa Cruz, city business manager.
D’Iberville officials believe that supporting the shopping center has helped the city.
“We’ve seen some businesses grow downtown because of general development,” Santa Cruz said. “There’s a new Auto Zone and a new drug store.
“We’ve been involved since Day One.” he added. “I think it’s been good for both of us.”
Developers have received few complaints from shopping center tenants.
“They’re pulling from the north and the east much greater than they anticipated,” Barber said. “Only one business, an ice cream shop, went under. (Business traffic) continues to increase. We’ve enhanced all the surrounding property owners.”
Even new businesses thrive, said Kay Bosarge, manager of Dollar One, Which opened in the last week of July.
“Business has been really good,” said Bosarge, whose store charges $1 for each item. “Every time they come up with a new store, it helps us.”
Shoppers at Lakeview Village enjoy the convenience of staying near Biloxi to shop.
“You had to go to Gulfport. We did,” Pat Moore from Seminary, who twice a month visits her sister, Nancy Ward, in D’Iberville.
“We have lunch together and shop,” Moore said. “We could not do it in this area before.”