Acadiana Brief June 19 | Company

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Waitr launches partnership with 7-Eleven

Waitr Holdings announced a collaboration with national convenience store chain 7-Eleven to deliver from more than 700 of its locations.

The Lafayette-based company, which specializes in restaurant and grocery delivery, operates in more than 1,000 cities in the United States and has more than 26,000 restaurants on its platform. Last year, the company launched in more than 90 new cities and expanded its service areas in the on-demand delivery industry.

The addition of 7-Eleven represents the latest example of Waitr’s commitment to expanding its delivery service, Waitr CEO and Chairman Carl Grimstad said in a statement. “This partnership creates a new level of convenience for our customers. Starting now, we’ll be able to deliver your favorite meals and snacks directly to you from hundreds of 7-Eleven locations.

Closing of an Asian restaurant near the Acadiana Mall

The Asian restaurant that opened just over two years ago near the Acadiana Mall closed on Monday, the owners announced on Facebook.

GL’s Mongolian Grill, 5741 Johnston St., opened in November 2019 in the former Coyote Blues space. It belongs to Jin Zhu Fang and his family, who also own the New China Grill Buffet in Abbeville.

“It’s been over two years since we first opened GL’s Mongolian Grill,” the post read. “During this time, we have been inspired to create delicious, fresh dishes that can be customized to suit people’s tastes and diets. However, all journeys must come to an end.

The family purchased the building in June 2019 for $1.63 million, records show. The building also houses the Stage Karaoke Bar, which opened earlier this year.

New Iberia development which will include Crust Pizza

A company that rebuilt downtown Clearview in Metairie has begun construction on a 7,500 square foot retail development in New Iberia that will house a Crust Pizza.

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The Richards family has announced it will build the center adjacent to the New Iberia stores, 900 E. Admiral Doyle Drive and expects it to be completed in November with Crust Pizza being built early next year.

Crust Pizza, which opened a Lafayette location last fall at 4243 Ambassador Caffery Parkway Suite 101, is a fast-growing chain that specializes in thin-crust pizzas as well as pastas, sandwiches, soups, salads and the desserts.

Mortgage loans for the purchase of a home in the Lafayette area increased by 16% in the first quarter

Lafayette saw the largest increase of any U.S. metro area in mortgage lending in the first quarter.

According data from RealtyTrac and ATTOM Data Solutions.

The increase goes against a national trend of fewer mortgages being issued after about two years of historically low interest rates. Eleven metropolitan areas reported an increase in mortgage lending, with most reporting a decrease of 10% or more.

The average for a 30-year fixed-rate mortgage on Thursday was 5.23%, according to national lending agency Freddie Mac. That’s up from a 3.2% rate at the start of the year.

Lafayette’s MSA had 1,123 guaranteed mortgages for residential property in the first quarter, down from 962 in the fourth quarter but down from 1,215 in the third quarter.

The number of secured mortgages for refinancing continued to decline, falling 13.5% to 1,172 in the Lafayette area and remaining nearly 37% lower than the prior year’s total. Refinancing skyrocketed to almost 3,000 in the second quarter of 2020 when rates first fell and narrowed to 1,867 in the first quarter of 2021, the data showed.

Nationwide, 2.71 million mortgages were issued in the first quarter, down 18% from the previous quarter and down 32% from a year ago, ATTOM reported. Refinancing deals were the main reason for this, down 22% from the fourth quarter and 46% from a year ago.