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Real Estate & Construction

Saving Mississippi’s past can brighten its economic future, Stennis report says

By TED CARTER  Supporters of efforts to replenish Mississippi’s historic preservation tax credits will have real numbers on economic benefits to point to as they set about persuading legislators to allocate new tax credits in 2016. They will present an economic impact report prepared by Mississippi State University’s Stennis Institute of Government and Community Development that concludes Mississippi gets huge ...

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Country Club redevelopers return, with a plan in the works

By JACK WEATHERLY Nearly seven months after developers – under strong neighborhood opposition – withdrew their plan to rezone the former Colonial Country Club in northeast Jackson, they returned Tuesday night with a new approach: tell residents on the front end what was the intent. Colonial Jackson LLC had dug in its heels and reserved the right to build an ...

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Turning City Centre into convention center hotel is option, new owner says

By TED CARTER The new owner of downtown Jackson’s City Centre will consider converting the two-tower office complex on South Lamar Street into a convention center hotel should it lose a main tenant whose lease is up at the end of 2016. Hertz Investment Group, the Central Business District’s dominant landlord, emphasized it bought the 266,700 square feet of buildings and ...

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Historic music venue, 100 Men Hall, for sale

By LISA MONTI The 100 Men Hall is up for sale. The historic music venue built in 1922 in Bay St. Louis is where Etta James, Ike and Tina Turner and many others have performed. The building was put on the market a couple of weeks ago and has a sale price of $699,000. It has 4,500 square feet, two bedrooms ...

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PHIL HARDWICK — The most important clause in a real estate contract

The typical real estate contract has tens, sometimes dozens, of clauses. Each is important, but there is one clause that is generally considered the most important clause in a real estate contract, and in all contracts for that matter. If you had to guess, which of the following would you say is the most important clause in a real estate ...

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Hertz continues shopping spree with purchase of Jackson’s City Centre

Hertz Investment Group, downtown Jackson’s dominant landlord, has added to its Central Business District holdings with a $6.2 million acquisition of the two-tower City Centre and its parking garage at 200 Lamar St. The south tower is 12 floors and the north tower 10 floors. Together, they cover 266,700 square feet and are served by a 518-space structured parking deck. ...

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Jackson convention hotel proposer doesn’t see past troubles hampering bid

By TED CARTER The leader of a group vying to develop a Jackson convention center hotel says difficulties the team’s financial adviser had with the Securities and Exchange Commission should not hurt the team’s selection chances. Nor should Mychal Jefferson’s arrest on an auto theft charge while a college student 25 years ago harm the team’s prospects, Mississippi Development LLC’s CEO ...

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