A flurry of development activity has taken place on Old Canton Road even though construction dust hasn’t started swirling yet.
When Walgreen’s develops four parcels of land at the corner of Old Canton Road and Canton Mart in Jackson, Great Scott and Lady Scott will move closer to Meadowbrook Road, said Steve Scott, owner of the upscale men’s clothing store. Scott’s wife, Amy, runs Lady Scott, an upscale women’s clothing boutique housed in the same building.
“A few months ago, I purchased what I refer to as the old Tote-Sum building from Mrs. Ward, who owns Canton Mart, because I knew we were going to have to expand at some point,” Scott said. “We planned to remodel it, landscape it and expand Lady Scott. But Walgreen’s approached me soon after I bought it and wanted to purchase that building, our store, the two office buildings next to it and the Exxon station on the corner. Around the same time, Andrew Mattiace approached me about a new Class-A office building he was planning to build on Old Canton Road near Meadowbrook. We knew that would be a great spot for us to be for the next 25 or 30 years. So we sold to Walgreen’s.”
The four-story, 85,000-square-foot office building, designed by Richard Dean of Dean & Dean Architects in Flowood, who will lease office space in the building, and under construction by W.G. Yates Construction Company, is located at 4400 Old Canton Road, said Bob Flowers, executive vice president of The Mattiace Company and Mattiace Properties in Jackson.
“There’s not a lot of Class-A commercial office space, but there’s a lot of demand in the area,” Flowers said. “We felt like this was a great location for a Class-A office building. People want to be in Jackson. They just haven’t had a lot of choices.”
The law firm of Daniel, Horton, Coker & Bell has also agreed to move into the Mattiace building. A CPA firm and a brokerage firm are currently negotiating commercial lease space, Flowers said.
Office space will lease for about $23 per square foot, he said.
“Steve Scott will be the only retailer in the building because of the real upscale nature of his business,” he said. “We do not anticipate any additional retailers in the building — and no food service.”
Scott said opening day in the new location is slated for Aug. 1.
Other developments are in the works just north of the Mattiace building. Pointe Properties recently purchased land from Ed and Eleanor Wettach that will be developed in two projects — a two-story, 60,000-square-foot Class-A office building and an upscale 26-lot gated residential community.
“At the same time we had our property rezoned for commercial office building usage, so did Pointe Properties,” Flowers said.
Fourteen of 25 residential lots, which range from $115,000 to $150,000, have already been reserved, said Fred Davis of Pointe Properties.
“Both are compatible projects, but will not open onto each other,” he said. “They’ll be separated by an eight-foot masonry wall and the houses in the subdivision will be built over the next few years.”
Flowers said the property at 4400 Old Canton Road is “the prettiest property we’ve dealt with. Behind the building is a pond stocked with fish. There’s something about that location that makes you forget you’re in town.”
Contact MBJ contributing writer Lynne Wilbanks Jeter at email@example.com or firstname.lastname@example.org.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info