Home » Tag Archives: Jackson Redevelopment Authority

Tag Archives: Jackson Redevelopment Authority

JRA’s $9 million Westin hotel bond gets no takers

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By TED CARTER A failure to find a buyer for $9 million in bonds for construction of a downtown Westin Hotel is expected to force the Jackson Redevelopment Authority to ask the City Council to make the bonds more attractive to investors. The $9 million loan to the Westin developer is the JRA’s contribution to a financing package that also includes ...

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JRA beefing up legal staff despite period of lean finances

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By TED CARTER The Jackson Redevelopment Authority has rehired one lawyer as special counsel and is adding a co-general counsel. Why the sudden need to lawyer up? The Redevelopment Authority, long known for an absence of transparency, is not saying, even when pressed by one of its members. The increased legal staffing is coming at a time the JRA’s new chairman ...

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Law firm’s planned City Centre exit gives owner convention hotel option

Ownership of the 266,000 square-foot City Centre has passed from Parkway Properties to Hertz Investment Group.

By TED CARTER The pending move of law firm Forman Watkins & Krutz from downtown Jackson’s City Centre has cleared the way for the new owners to convert the two-building office complex to a convention center hotel. An executive with new owners Hertz Investment Group said earlier this month a decision by City Centre main tenant Forman Watkins & Krutz not ...

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

Ownership of the 266,000 square-foot City Centre has passed from Parkway Properties to Hertz Investment Group.

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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BREAKING: Chancery order voids Watkins’ $4.7 million Farish lien

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Remember Jackson’s Farish Street? It’s back in the news with a Chancery Court summary judgment issued Thursday invalidating a $4.7 million lien developer David Watkins put on the buildings along the first block of Farish Street after the Jackson Redevelopment Authority booted him from a stalled effort to remake the block into an entertainment and dining district. The JRA gave ...

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Just what is the market for a Jackson convention center hotel?

The Jackson Redevelopment Authority is moving ahead with selecting a developer for a convention center hotel, though at this point it can only guess at the soundness of the investment. The latest invitation for developers to propose how they would build a hotel adjacent to the Jackson Convention Complex – the third in the past five years – shares with ...

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Jackson issues RFP in 3rd try for convention center hotel developer

The Jackson Redevelopment Authority is taking a third swing at getting a convention center hotel built. With the backing of Jackson Mayor Tony Yarber, the JRA late last month issued a Request for Proposals for a hotel of at least 300 rooms on Pascagoula Street across from the Jackson Convention Complex, an approximately 300,000 square-foot conventions and meetings center which opened ...

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Jackson issues RFP in 3rd try for convention center hotel developer

The Jackson Redevelopment Authority is taking a third swing at getting a convention center hotel built. With the backing of Jackson’s elected officials, the JRA late last month issued a Request for Proposals for a hotel of at least 300 rooms on Pascagoula Street across from the Jackson Convention Complex, an approximately 300,000 square-foot conventions and meetings center which opened slightly ...

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Jackson Redevelopment Authority in hunt for new director

Jackson Redevelopment Authority board members have decided to initiate a search for a new executive director. The governing board took the action Wednesday morning. Willie Mott, who had been the interim chief and named the agency’s permanent executive director in July, is still on the job, according to Chairwoman Jennifer Johnson. She declined to elaborate further on his employment status. ...

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