New Orleans Jewelry Gallery to Relocate on Magazine St.
Local retailers face forced moves as property sales on popular commercial corridors trigger shifts in tenant composition.
Updated on Oct. 16, 2026 in Openings & Closings
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Mignon Faget will relocate its jewelry gallery on New Orleans Magazine Street to 3806 Magazine St. on Oct. 30. The move follows the sale of the retailer's longtime 3801 Magazine St. storefront, where it had operated for 27 years.
Why it matters
The relocation underscores the challenges retailers face when building owners prioritize national brands or redevelopment over long-term local tenants. Mignon Faget opted to vacate after a lease dispute following the building's September sale to Side 8 Ventures.
The 5,000-square-foot property at 3801 Magazine St. sold for $2.5 million in September. Mignon Faget, which waived its right of first refusal to purchase the building, now shifts operations to a smaller temporary footprint.
The players
Mignon Faget
A long-standing regional jewelry retailer with a decades-long presence on New Orleans' commercial corridors.
Side 8 Ventures
A property investment firm that recently acquired the retail building at 3801 Magazine St.
The details
Mignon Faget is transitioning from its 27-year home to a new space formerly occupied by Sue Sartor. The company plans to shutter its current gallery from Oct. 26 to Oct. 29 to manage inventory and staff transitions. While the brand secures its new temporary site, management continues a search for a permanent location on the corridor.
Timeline
September 2026: Side 8 Ventures acquires the 3801 Magazine St. property.
October 26-29, 2026: The current gallery closes to facilitate the relocation.
October 30, 2026: The new gallery at 3806 Magazine St. opens for business.
Market Landscape
This move reflects the commercial gentrification of Magazine Street, where rising property values frequently displace long-term local businesses in favor of national retail brands. The shift mirrors broader trends where retail tenants lose control over their storefronts as property investment firms prioritize new national tenants.
Operators leasing space on high-traffic commercial corridors should audit their existing lease terms for rights of first refusal or lease renewal options. With property values shifting, owners should prepare for potential site changes if their building is sold to investment groups seeking new brand tenants.
The takeaway
Legacy retailers must remain agile as property investment activity increases on popular commercial strips. Business owners should proactively monitor market values and lease expiration dates to ensure continuity when property ownership changes.
What happens next
Mignon Faget will host an opening event at its new 3806 Magazine St. location on Oct. 30 from 4 p.m. to 6 p.m.
Further reading
For more on shifts in the local retail environment, see our coverage of New Orleans Openings & Closings.
Source note: This article includes information reported by New Orleans CityBusiness.
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