MERIDIAN — A New Orleans developer has bought a downtown Meridian landmark — the old Hulett Furniture Co. building.
Tim Hester says he was looking to invest in his home town, The Meridian Star reports.
“I grew up in Meridian, played football at Meridian High, but as a developer I’ve worked in Tupelo for the past 25 years,” Hester said. “I’ve done five buildings there, but now, everything that can be done in downtown Tupelo has been done.”
He said he bought both the old furniture store and the Corr-Williams building on Front Street last week.
Hester said he plans to turn the Hulett’s second floor into a banquet hall. “I want to be able to use that showcase stairwell,” he said.
The first floor will become an area for others to sell items such as antiques and furniture, he said. He plans to keep one floor as his personal apartment, he said, and may turn the remaining two floors into apartments for lease. .
Hester said he plans to turn the other building into a climate-controlled storage facility.
The sales show that downtown Meridian is a growing development magnet, said Karen Rooney, executive director of Meridian Main Street.
Meridian Mayor Percy Bland said, “This is really good news for downtown,” Bland said.
Hester said he’ll keep the Hulett name, calling the building “The Hulett.”
It’s structurally sound and will be easy to bring up to code, he said.
“In Tupelo, I had a lot of figuring out what I could do and could not do,” he said. “Here, they’ve expressed a desire to work with me.”
He said he could create up to 18 rental apartments.
“It would cost about $60,000 per apartment … If the demand is there, I’m willing to put $1.8 million into it,” he said.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info