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Mixed-use development takes off in Fondren

JACKSON — Mike Peters of Peters Real Estate and Andrew Mattiace of Mattiace Properties are partnering to bring new life to 2906 State Street in the Fondren neighborhood.

With the first floor retail space almost fully leased and office space in the second and third floors being snapped up, Peters is confident that the property will be a first for the Jackson area.

“Unless I’ve forgotten about something, it’s the first real mixed-use development in town with retail, office and residential all in one building,” said Peters.

The top two floors will be renovated into apartments, with about 12 pending inquiries into renting the residential space.

“I’m really just beginning to market it, and the response has been amazing,” said Peters.

Preliminary plans for the property, tentatively named Fondren Corners, include a restaurant, an upscale gourmet grocery and a full-scale contemporary furnishings showroom in the retail area on the first floor. Office space on the second and third floors is about 25% leased to professionals, including medical, legal and nonprofit association offices. The fourth floor of the residential areas will include approximately 15 apartments, ranging from 500 to 1,200 square feet, while five larger units of up to 1,500 square feet will occupy the top floor, according to Peters.

Construction professionals include Robert Canizaro of Canizaro, Cawthon, and Davis of Jackson as architect and Mid-State Construction as contractor, said Peters. The exterior and ground floor interior renovations should be completed by January 2003.

Other properties that Peters has successfully managed in the Jackson area include Centre Park and North Regency Square off County Line Road and the Mark Chinn Building on McWillie Drive. Upcoming projects include a retail development off the newly-completed Clinton Parkway.

Camp Best, executive director of North Fondren Renaissance, said another commercial project in the area includes the renovation of the Woodland Hills II shopping area, home to the Everyday Gardener and other shops, including new signs, new parking, and a completely new look to the property. The new owner, Waddell Nejam, plans to rename the facility Fondren Village, according to Best.

Nathan Glenn, co-owner of Rooster’s in Jackson, said he had been contemplating a move to Fondren for some time and had contacted the North Fondren Renaissance for help in locating space. Glenn said they called him about the availability of space in the 2906 State Street property.

“We have a catering business that is pretty strong, delivering to the hospitals in that area,” said Glenn.

The relocation of the south Jackson restaurant should have seating for 80 inside with some outside tables, counter service, and casual

“Southern cuisine” with the signature hamburgers with specialty buns leading the menu, said Glenn.

“We’re hoping the community will support us, and I think they will,” he said.

Contact MBJ contributing writer at Julie Whitehead at mbj@msbusiness.com.


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