TUPELO – Site work for the multi-million-dollar Pinnacle Point development on North Gloster Street resumed this week after getting approval from the Mississippi Department of Environmental Quality.
The state agency had put a temporary stop on the site work to allow developer Bruce Patel and his Fusion Hospitality group to address environmental concerns with the property.
“We’re still on track to have the first building up in about 90 days once all the approvals are finalized,” Patel said. “It didn’t really change anything with what we were planning to do.”
After an MDEQ April investigation following complaints that Patel and Fusion had not received the proper permits to work on the site, the agency sent Patel a Notice of Violations in early May. MDEQ followed up with another visit on June 6 and found issues with the site not having enough perimeter silt fencing around a wetland area as well as a portion of the overall site.
A follow-up visit later in June proved successful, and Patel was allowed to resume work.
“We felt like we were doing everything right all along but we’ll continue to make sure we do what we’re supposed to do,” he said. “The work behind the scenes never stopped, and so we’re not really behind schedule. There’s always plenty of work to do on a project of this magnitude.”
Pinnacle Point is the name of the 28-acre development that will be anchored by an assisted living community on the back half of the property. In front of the development are plans for two small retail shopping centers, a pair of restaurants and a hotel.
A site plan shows a two-story memory care and assisted living building measuring about 84,000 square feet, as well as nine single-story duplexes and four single-family homes. The duplexes would be about 3,280 square feet and the single-family homes about 1,400 feet.
Two retail centers measuring 14,400-square feet each also are planned.
All told, the project is valued at $50 million and could lead to hundreds of new jobs.
The “community within a community” also will include a Home2Suites hotel with 90 rooms, all of them suites.
The Pinnacle Point site includes land that once was home to an 80-room Comfort Suites and 65-room Sleep Inn. Both were heavily damaged and later demolished following the April 2014 tornado that slammed the city.
Patel said he hopes to have Home2Suites, a Hilton-brand hotel, open in early 2019.
The Pinnacle Point project got a boost earlier this week when Steak ‘n Shake announced it was building a restaurant on one of the 2-acre parcels on the front of the property specifically set aside for restaurants.
“That was really nice to get,” he said. “And we didn’t really go after them – they came looking for us,” Patel said.
Steak ‘n Shake is expected to open in March or April of next year.
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