MSU building to be leased for Cotton Mill Marketplace
STARKVILLE — The state College Board has approved the lease of Mississippi State University’s Cooley Building to developers of the $64 million Cotton Mill Marketplace.
The project is to include a 150-room hotel and buildings with a mixture of office, retail, residential and restaurant space along Mississippi Highway 12 in Starkville.
The Cooley Building currently houses much of MSU’s physical plant operations.
Under the proposal approved Thursday, the Cotton Mills Development Group would buy land neighboring the Cooley Building for $2.8 million and lease the building for $300,000 annually for 41 years, after which time it would revert to MSU.
Crews are to renovate the building and turn it into a conference center and 37,000 square feet of office space.
![[RSS Feed]](http://i2.wp.com/msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/rssfeed.png)
![[del.icio.us]](http://i0.wp.com/msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/delicious.png)
To sign up for Mississippi Business Daily Updates, click here.
One Response to “MSU building to be leased for Cotton Mill Marketplace”
POST A COMMENT
Top Posts & Pages
- Fervor grows for Tuscaloosa Marine Shale
- Nullification and interposition
- Court rules in clinic dispute involving St. Dominic, HMA
- TROTTER: Social security claiming strategies
- Commission eyeing unauthorized changes to historic structures
- District at Eastover construction to start later this year
- Small business owners take picture perfect advantages with Instagram
- With no interim, board begins hunt for MVSU president
- Click Boutique revives Hattiesburg downtown retail district
November 8th, 2010 at 2:18 pm
[...] The state College Board has approved the lease of Mississippi State University’s Cooley Building to developers of the $64 million Cotton Mill Marketplace. http://msbusiness.com/blog/2010/10/msu-building-to-be-leased-for-cotton-mill-marketplace/ [...]