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Bailey, Mattiace partner for high-end Renaissance

Ridgeland — The push north continues with a new retail/office development on the Highland Colony Parkway that developers say fits today’s lifestyle.

Renaissance at Colony Park is a 650,000-square-foot, open-air “lifestyle center” with a Main Street feel. Inside the European/Mediterranean themed development will be more than 60 retail stores, several restaurants and four office buildings. Mingled among the shops will be grassy common areas, water features and sidewalk cafes. Concerts and shows will go on at the town center square on the community green space. Renaissance is set to open in October 2007.

This type of development provides a better opportunity for more time with family,” said Andrew Mattiace of Mattiace Properties Inc., a partner in the project. “Lifestyle centers are typically located near residential neighborhoods and serve as a multi-purpose leisure time destination — easy access, convenient parking, safe environment, all in an inviting atmosphere.”

Big names

Renaissance has already attracted some big players. Hyatt Place Hotel has committed to build, and Merrill Lynch and Cellular South are leaving their downtown offices to set up shop at Renaissance.

Cellular South president Hu Meena said the company plans to relocate its headquarters to the parkway in mid to late 2007. The move came after two years of evaluating space requirements the company will require to continue providing employees and customers the right infrastructure to meet their needs, said Meena.

“Cellular South is joining one of the most exciting, unique developments in Mississippi,” he said. “The building is the finest example of top quality office space and will provide Cellular South with maximum flexibility to continue strong growth in the future.”

The company isn’t leaving downtown Jackson entirely; in fact, Cellular South is making an $11 million investment there. Cellular South will build a state-of-the-art technical center on South State Street to house its switching infrastructure and technical offices. This facility is slated to open in early 2007.

The 130,000-square-foot Parisian department store will anchor Renaissance. Other committed retailers are P.F. Chang’s China Bistro, Talbots, Ethan Allen, Ann Taylor Loft, Chico’s, White House/Black Market, and Barnes and Noble, which is leaving its longtime County Line Road location. Many other tenants are in various stages of negotiation.

Exceeding expectations

Renaissance covers 57 acres at the corner of Interstate 55 and Old Agency Road on the Highland Colony Parkway in Ridgeland. The development is a joint venture between Mattiace Properties and H.C. Bailey Companies, local commercial real estate development companies.

Renaissance is located within Colony Park, a larger development along the parkway that encompasses 450 acres down the parkway. Down the street is the Township at Colony Park, a retail/commercial development that also includes 135 upscale homes. Development of Colony Park is approaching 50%, but there is still a long way to go, said Bailey.

The 10-mile parkway from Ridgeland to Madison is a longtime dream of the Bailey family, who have been buying property along the parkway since the 1950s when that area was nothing but pastureland. The Baileys dreamed of creating a retail/commercial corridor and the result — Highland Colony Parkway — has gone far and above anyone’s expectations, said president H.C. “Buster” Bailey.

“It’s gone beyond our dreams,” he said. “We’re very proud of it, and hope the whole community will be proud of it,” said Bailey.

Renaissance is a project three years in the making. Mattiace and Bailey chose the location because of its excellent visibility, accessibility and close proximity to Jackson shoppers.

“Renaissance at Colony Park is in the bulls-eye of the metropolitan Jackson community,” said Mattiace.

Contact MBJ Staff Writer Kelly Ingebretsen at kelly@msbusiness.com.


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