Located in Metairie, a suburb of New Orleans, the immediate neighborhood near Oakridge Place is known as Old Metairie, a very affuent, mature neighborhood. The income demographics and housing prices in Old Metairie are among the highest in the New Orleans area. The supermarket anchor is Langenstein's which is a high-end 20,000 square-foot grocery store which has been in business for over 40 years. Built in 1955 and redeveloped in 1994, Oakridge Place has remained fully leased and commands rental rates that are among the highest in the New Orleans metro market.