The Third Ward experienced a few losses recently due to the economic downturn, but thankfully, new businesses are beginning to emerge.

Lorena Sarbu, an upscale women's boutique based in Beverly Hills, plans to open a shop at 312 E. Buffalo St. in the Third Ward.

"Lorena Sarbu is a luxurious ladies' boutique that will feature everything from cocktail dresses and separates to jewelry and handbags," says marketing director Sarah Innerarity.

"Our clothing and accessories are from designers in Paris, Milan and London."

Innerarity says the shop will open this spring.