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Real Estate & Construction

JRA set to hire law firm to evaluate financial viability of hotel proposal

By TED CARTER Jackson Redevelopment Authority is preparing to pay law firm Watkins & Eager $90,000 to examine the financial soundness of the proposal selected for building a convention center hotel. Though the scope of work has not yet been determined, the Jackson law firm would supposedly look into the financial viability of the deal Engineering Design Technologies offered on building ...

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Hertz ready to step in with City Centre conversion to hotel

  By TED CARTER A continued absence of progress on a Jackson convention center hotel could create an opening for Hertz Investment Group to convert downtown’s City Centre, a two-tower office complex, into a convention hotel. The only snag is a pair of tenant leases that do not expire until 2017 and 2018, according to Jim Ingram, executive VP and ...

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Capitol Art Lofts gets green light with credits program renewal

By JACK WEATHERLY  The Capitol Art Lofts, a 31-unit project in downtown Jackson announced three years ago this month by HRI Properties of New Orleans, has moved closer to becoming a reality. The Legislature has raised the cap on Historic Tax Credits by $60 million to bring it to $120 million, according to Jim Woodrick, director of the Mississippi Department ...

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Stewart Speed taking his ‘Meridian’ rental concept to Mobile

By TED CARTER Jackson real estate developer Stewart Speed is exporting his “Meridian” rental apartment complex concept to Mobile after having nearly completed The Meridian at Fondren, a $33 million project on Lakeland Drive across from University of Mississippi Medical Center. Speed’s Jackson-based Leaf River Group will begin construction on the high-end Meridian at The Port apartment development this summer. The ...

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Council OKs Colonial Highlands rezoning over threat of appeal

By JACK WEATHERLY The Jackson City Council voted 4-0 on Monday to approve the rezoning of the former Colonial Country Club so it can be redeveloped as a $250 million traditional neighborhood with a commercial aspect. However, the vote came after a threat from a property owner “to fight this plan to the hilt” if certain changes were not made. Ward ...

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Ross & Yerger moving into One Eastover Center

By TED CARTER A lease for 27,700 square feet to the Ross and Yerger insurance agency has brought occupancy at the new One Eastover Center to 98 percent, say developers of the five-story office component of Jackson’s District at Eastover mixed-use development. The 156-year-old Ross & Yerger joins law firm Baker Donelson, and CPA firm Cosmich, Simmons & Brown in ...

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Decker firm’s Oak Ridge House wins AIA’s top custom home design award

By TED CARTER You won’t mistake Jackson architect Roy Decker’s home for the Little House on the Prairie. But you’d be correct if you saw the Jackson house as the finest example of one/two family custom housing in the nation for 2016. The 3,750-square-foot Oak Ridge House in Fondren, designed by Roy and Anne Marie Decker and their firm Duvall Decker Architects, ...

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Bill Hetrick wins lifetime award

Bill Hetrick, with RE/MAX Alliance, has been presented with the RE/MAX Lifetime Achievement Award, which honors agents who have reached significant production and service milestones. Less than six percent of all active agents in the RE/MAX network have achieved this prestigious award since its inception. Hetrick, a native of Jackson, and a 1984 Graduate of Millsaps College, has been working ...

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Developer bets on state historic tax credit fund renewal

By JACK WEATHERLY  HRI Properties LLC of New Orleans says it will not use any of $50 million from a venture capital fund to cap off its financing of its $10.4 million Capitol Art Lofts project in downtown Jackson. Instead, according to Tom Leonhard, HRI president and chief executive, it expects to get a $2 million state historic tax credit ...

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