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Tag Archives: Metrocenter

Can Metrocenter rise from the ashes? Again

Jackson’s 36-year-old Metrocenter Mall is set for yet another second act. This one will be stage managed by a group of veteran Kansas retail developers from Colby Capital and Walter Morris Cos. as well as Jackson commercial real estate broker Scott Overby. They have adopted the name Jackson Commons, LLC. The Kansas developers have redone distressed retail centers in nine ...

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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 that ended this week before ...

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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 center, will not be interrupted. ...

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Mall owner blindsided by Sears closing

Metrocenter owner Shervin Mateen hardly expected the news he received a couple days after Christmas — the mall’s original and last remaining anchor would be shutting its doors for good. “It’s very shocking,” he said in light of the improving sales mall merchants had been reporting this holiday season compared to previous years. “Sales were increasing and then we hear ...

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Metrocenter awaits new vision

On one hand, Nina Holbrook sees the departure of Sears as “one of the biggest hits Metrocenter has ever had.” But then she switches her perspective from U.S. Highway 80 corridor advocate to commercial real estate professional. With that comes the idea that big things could be in store for the 34-year-old mall. “It’s a great development opportunity,” she said. ...

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Jackson's aging Metrocenter awaits new vision

On one hand, Nina Holbrook sees the departure of Sears as “one of the biggest hits Metrocenter has ever had.” But then she switches her perspective from U.S. Highway 80 corridor advocate to commercial real estate professional. With that comes the idea that big things could be in store for the 34-year-old mall. “It’s a great development opportunity,” she said. ...

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Watkins sees mixed-use, ‘up-scale-discount’ as best bet for Metrocenter

Jason Goree, vice president of Jackson’s Watkins Development, says hundreds of thousands of dollars of research has led the developer to conclude Metrocenter can have a prosperous new life. But not totally as a retail complex, he adds. Offices, residences, lodging, entertainment venues, neighborhood gathering spots should also be considered for the mix, Goree said. “What we were told (by ...

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