Author Archive

Developer who won suit wants cooperation — not resistance — from Jackson and the JRA

by Published: October 9,2014

Tags: Business, Downtown Jackson, Mississippi

With his lawsuit against the City of Jackson behind him,  developer Don Hewitt says he will pursue new local development opportunities, including building a convention center hotel. His big hope, he said, is that the new leadership at City Hall and on the JRA governing board will bring a less combative atmosphere that allows him […] [...]

Getting state office tenants could be challenge for revived Landmark

by Published: October 9,2014

Tags: Business, Downtown Jackson, Mississippi, real estate

While making ambitious plans to convert Jackson’s Landmark Center to a mix of apartments, offices and retail, the building’s new owners want to recruit office tenants for the four floors situated below the two top floors designated for apartments. Each floor has about 50,000 square feet. A Cushman & Wakefield study in 2011 put leasing […] [...]

UPDATED: Payday lender All American operating on temporary license

Payday lender All American Check Cashing’s troubles with state regulators have cost it renewal of its annual license. The Madison company instead is operating its 41 stores under a temporary license granted by Mississippi Department of Banking and Consumer Finance regulators who need more time to determine whether the low-dollar lender violated state laws against […] [...]

Federal jury: Jackson must pay $600,000 for violating developer’s free speech rights

by Published: October 2,2014

Tags: Business, JACKSON, lawsuit, Mississippi

A federal court jury late Thursday afternoon delivered a $600,000 judgment against the City of Jackson on a claim the Jackson Redevelopment Authority violated the First Amendment free speech rights of a principal of a local development company that sought JRA bond money to buy downtown’s Deposit Guaranty building for a residential conversion. In ruling […] [...]

RIDING A TIDE: Bama fans lifting prices for Saturday’s Ole Miss game

The price on that ticket to the Ole Miss game this weekend getting out of your comfort zone? Blame it on ‘Bama and the eagerness of their fans to make the several hour drive to Oxford for Saturday’s showdown between No. 3 University of Alabama and No. 11 University of Mississippi, says Jesse Lawrence, CEO […] [...]

Jackson’s Landmark Center slated for mixed-use conversion

An Israeli lawyer who is part of a partnership that bought downtown Jackson’s Landmark Center plans to convert the vacant seven-floor office building into a mix of apartments, offices and retail. Zeev Yochelman, whose partnership acquired the 366,000-square-foot Capital Street building through an Internet auction in late July, detailed his plans to an informal breakfast […] [...]

Legal filing seeks to halt Pearl’s effort to ease out mobile homes

by Published: October 2,2014

Tags: Business, Mississippi, NEWS, Pearl, rental property

Pearl’s efforts to keep mobile home parks from re-renting spaces after a space is vacated have met with a suit from the owners of Grove Acres Mobile Home Park. Pearl insists its desire to whittle the number of mobile homes in the city is based on the risks to mobile home parks from natural disasters […] [...]

David Watkins demands HUD retract claims made in Farish project report

Watkins Development’s David Watkins is demanding the U.S. Department of Housing and Urban Development retract negative characterizations it has made about him and his partners regarding their involvement in the redevelopment of downtown Jackson’s Farish Street. The angry reaction from Watkins stems from a Sept. 7 monitoring letter to Jackson city officials detailing what says […] [...]

Pearl ordering rental properties to retrofit with sprinklers, build storm shelters

by Published: September 30,2014

Tags: Business, economics, Mississippi, NEWS, Politics

Owners of Pearl’s multi-family rental complexes and mobile home parks have joined to fight a city mandate requiring rental property owners to install interior sprinklers in each rental unit and build storm shelters to accommodate each resident. Representatives of the owners say they face millions of dollars in retrofitting costs and displacement of tenants to […] [...]

GETTING IT’S MONEY BACK: Jackson’s $1.5 million HUD repayment will come back to City

Here’s some good news for Jackson city government: The City won’t actually lose the $1.5 million it must repay the U.S. Department of Housing and Urban Development for not meeting HUD rules in the so-far unsuccessful attempts to redevelop Farish Street. In a clarification, HUD said Thursday the repayment will go into a line of […] [...]

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