Construction has started on the hotel component of the $115 million District at Eastover mixed-use development at Interstate 55 and Eastover Drive.
Developers say the four-story, 95-suite Residence Inn by Marriott, a business-class extended stay hotel, is expected to be completed by March 2016. The hotel is a joint venture of The District Land Development Co., the master developer of The District at Eastover, and InterMountain Management of Monroe, La.
The 585,000 square-foot mixed use is situated between the city’s major medical district, the Fondren Arts District, and the high-end residential Lefleur East District.
The Residence Inn’s 95 large suites will have separate sleeping and living areas. The one- and two-bedroom configurations are designed for business travelers or families who prefer added comfort and amenities, developers say.
Each suite will feature a sitting area, business desk with ergonomic chair, and complimentary wi-fi with high-speed Internet. Other amenities include a hot breakfast buffet, complimentary evening socials, swimming pool, exercise facility, outdoor patio fireplace, an area for socializing, meeting rooms, business center, and on-site laundry.
In addition to the hotel, construction is under way on One Eastover Center, a five-story Class A office building with an adjacent 400-space garage. Its completion is set for December. The Baker Donelson law firm will be the signature tenant.
Additional restaurant and retail announcements are forthcoming, the developers say.
When completed, the mixed-use complex will offer boutique shopping, popular restaurants, planned office space and high-end residential units.
Jackson’s First Commercial Bank and Trustmark National Bank are providing the construction financing for Eastover’s Residence Inn. Bo Bourne, First Commercial, and Lee Carney, Trustmark, are the banks’ lenders on the project. “We are excited about the District at Eastover and the opportunity to provide financing for the hotel in this premier Jackson development,” Bourne said.
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