Posts Tagged ‘mall’

Hosemann seeking penalties from developer for moving project funds

JACKSON — The secretary of state’s office is questioning whether Jackson developer David Watkins took funds from a mall project and diverted it to a project to build a new police station in Meridian. Secretary of State Delbert Hosemann is seeking administrative penalties plus restitution of $587,084. Watkins denied any wrongdoing during an administrative hearing […] [...]

Seller says Metrocenter in black, offers buyers huge upside at $6.5M

by Published: October 11,2013

Tags: Business, JACKSON, mall, Mississippi

 » Mall’s 40 percent occupancy pays the bills, leaving remaining space as profit generators. Overby Co. says After foreclosing on the 35-year-old Metrocenter Mall last year, First Credit Bank of Los Angeles bankrolled a cleanup and fix up of Metrocenter’s 548,000 square-foot interior and put the space on the market for $6.5 million. Jackson commercial […] [...]

Mall sale draws prospective buyers; owners asking $6.5M

JACKSON — A dozen potential buyers have expressed interest in Jackson’s Metrocenter mall since it hit the market Sept. 24. That’s according to the building’s broker. Listing price is $6.5 million. David Sewell, Metrocenter manager, tells The Clarion-Ledger day-to-day business at the 500,000-square-foot mall, which is Mississippi’s largest and once was the state’s premier shopping […] [...]

Council approves measures needed for construction of new mall

D’IBERVILLE — The D’Iberville City Council has approved the zoning change and variances Gulf Coast Galleria needed for the go-ahead and the developers expect to start construction of the mall in the spring. The Sun Herald reports those attending yesterday’s meeting applauded when Mayor Rusty Quave introduced the team of developers who are going to […] [...]

Mall tenants get termination notice; city working on relocation

GAUTIER — Tenants at Singing River Mall are scrambling for a new place to setup shop. The city of Gautier officials has sent out lease termination notices were sent out this week telling businesses they have to move out soon. One of those tenants is Phillip Henderson, who manages MaCnarb Gaming. The business hasn’t been […] [...]

Developer submits plan for one-million-square-foot mall development

D’IBERVILLE — Plans for Gulf Coast Galleria — a million-square-foot mall with restaurants, shops and a hotel along Interstate 10 — have been submitted to the D’Iberville Planning Department. Developer Robert Mandal with Ramco Development tells The Sun Herald the mall will be more than 750,000 square feet, with the hotel and other buildings adding […] [...]

Council action clears way for major mall redevelopment

GAUTIER — The Gautier City Council has approved a development and reimbursement agreement that would allow plans for the Singing River Mall to proceed. With the approval of the agreement between the city, Wal-Mart, Singing River Mall and SM Properties Gautier LLC, mall developers can now begin the design of the open-air mall. The Sun […] [...]

Mall redevelopment will mean massive demolition

GAUTIER — The redeveloped Singing River Mall will be an open-air shopping center that requires demolition of about 250,000 square feet of existing space. That’s according to an agreement on the city council’s agenda last week. The Mississippi Press reports the proposed agreement points to a 350,000-square-foot high-quality mixed-use development with anchor, junior anchor and […] [...]

Mall gets new name while still under construction

PEARL — Mississippi’s largest outlet shopping center is currently under construction and will be known by a new name — Outlets of Mississippi. The 325,000-square-foot value retail center, formerly known as The Outlets of Bloomfield, will be located in the city of Pearl. “The new name reflects the sense of pride our new outlet shopping […] [...]

Simon Property Group honored for ‘green’ efforts

RIDGELAND — Simon Property Group Inc., a retail real estate company, has won two recent awards for its commitment to sustainability issues. Simon properties in Ridgeland include Northpark Mall. For the second consecutive year, SPG has been recognized by the Carbon Disclosure Project (CDP) with inclusion in its select Carbon Disclosure Leadership Index (CDLI). Once […] [...]

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