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Tag Archives: Watkins Development

Watkins says JRA out to block him from Farish by repaying HUD $1.5M

Former Farish Street developer David Watkins says he suspects bad faith motives are behind the Jackson Redevelopment Authority’s agreement to cover a $1.5 million repayment the U.S. Department of Housing and Urban Development has demanded from the City of Jackson. Watkins says the motive is clear to him:  Paying HUD could clear the way for the JRA to get a ...

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David Watkins demands HUD retract claims made in Farish project report

Watkins Development’s David Watkins is demanding the U.S. Department of Housing and Urban Development retract negative characterizations it has made about him and his partners regarding their involvement in the redevelopment of downtown Jackson’s Farish Street. The angry reaction from Watkins stems from a Sept. 7 monitoring letter to Jackson city officials detailing what says are years of failure by ...

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UPDATE — David Watkins says JRA left him in dark about HUD's Farish St. involvement

By Ted Carter Farish Street Group principal David Watkins says he feels blindsided by the U.S. Department of Housing and Urban Development’s suspension of Farish Group from further involvement with HUD-funded projects. Watkins’ Farish Street Group until last October had a lease deal to transform downtown Jackson’s Farish Street into an entertainment district. He said that until Thursday, he did ...

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Watkins' defense says Hosemann's claims are 'absurd'

David Watkins, the president of Watkins Development, has responded to the finding of the Secretary of State Office’s hearing officer, attorney Robert Bailess of Vicksburg, and the affirmation of that finding by Secretary of State Delbert Hosemann. Speaking through his spokesperson, lawyer Lance Stevens, the Watkins defense team states: “The finding of the hearing officer is a joke. He specifically ...

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Meridian building $8.2M police station under lease-purchase plan

Jackson’s Watkins Development has reached a deal with the City of Meridian to transform a vacated Cowboy Maloney store into an $8.2 million police station. The City is to put $2.1 million into the project and rent the building from Watkins for 20 years at an annual cost of $305,000, adjustable for inflation every five years. At the end of ...

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Downtown conversions – too much demand chasing too little product

Ted Duckworth’s math tells him downtown residential is a-can’t-lose proposition. He’d be at the table but the dealer has no more cards to deal in a game that is all about converting decades-old commercial buildings instead of building anew. “Of the available buildings somebody else is already working on them,” said Duckworth, principal of Duckworth Realty. “I wish we had ...

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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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Farish developer faces obstacles with new buildout strategy

Getting OK on buildout money will not be an easy task Developers of the Farish Street Entertainment District have changed their leasing strategy to include paying for the buildouts of the clubs and shops they have restored along the first block of the former business and nightlife hub of Jackson’s African-American community. Watkins Development, which has a 45-year lease with ...

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