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Real Estate & Construction

JRA will hear proposal for Denver developer’s Farish St. restart

By TED CARTER The Jackson Redevelopment Authority has agreed to hear Denver developer Leroy Smith’s proposal to restart Jackson’s stalled Farish Street redevelopment as part of a $100 million investment he wants to make in downtown and West Jackson. To adhere to a Chancery Court order that the proposal be heard, former Farish Street developer David Watkins will make the ...

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Work on Jackson’s Capitol Art Lofts delayed

By JACK WEATHERLY  HRI Properties announced in April that it had secured financing for a $10.4 million renovation of a historic block across from the King Edward hotel on Capitol Street in Jackson. Construction of the Capitol Art Lofts, according to the New Orleans-based developer, was to start this fall. But Joshua Collen, vice president for development for HRI, said ...

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PHIL HARDWICK — The last resort for homes that won’t sell

The Smiths home had been on the market a long time. It was a beautiful property priced right, but it just seemed that it would not sell. The Smiths were desperate. Finally, they dug a hole in the front yard, planted an item and said a prayer. Their property sold the next week. The dream of just about every seller ...

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JRA expected to hear Denver developer’s Farish St. proposal at special meeting

By  TED CARTER The Jackson Development Authority has put the dormant Farish Street redevelopment on the agenda of a special meeting at 10 a.m. Wednesday. The action follows a Hinds Chancery judge’s order for Development Authority lawyers not to impede consideration of a possible deal on redeveloping the two block portion of Farish Street. The trial lawyer for the JRA ...

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Cathead Vodka moving to Farish Street in Downtown Jackson

Downtown Jackson is set to become the new home of Cathead Distillery with an early December opening in a 20,000 square-foot building on South Farish Street behind the Jackson Convention Center Complex. Cathead’s new location at 422 S. Farish St. formerly housed the Mississippi School Book Co. For the past five years, Cathead Distillery has been building its distribution and ...

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Ridgeland hit with yet another housing discrimination suit

By TED CARTER A land-use strategy to establish segregated housing and lower the number of minority students in Ridgeland’s public schools is behind the City’s effort to displace nearly 5,000 residents who live in apartment complexes, a federal lawsuit claims. The suit filed by Watkins & Eager attorneys Robert Ireland and Paul Stephenson on behalf of the owners of Lakeshore Landing ...

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FOCUS ON CONSTRUCTION — $7 million project to build the Business and Health Building under way at USM’s Gulf Park

By LYNN LOFTON  In the Gulf Park Campus of the University of Southern Mississippi, demolition of the 25-year-old modular structure, the Joe Earl Holloway Complex, is almost complete to make way for construction of a Business and Health Building. The $7-million facility will provide 25,000 square feet of space for students, faculty and staff and has an estimated completion date ...

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FOCUS ON CONSTRUCTION — Need for bridge repairs, replacements outpacing state’s available funds

By BECKY GILLETTE It is difficult to imagine anything more integral to economic development and quality of life, particularly in a largely rural state like Mississippi, than good roads and bridges. But the fact is that, as with many other states, revenues for highway and bridge maintenance are lagging far behind what is needed to ensure a good highway infrastructure. ...

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FOCUS ON REAL ESTATE — Bouncing back: More sales, falling inventory create seller’s market in Jackson area

By LISA MONTI  Carol Stewart, president of the Central Mississippi Realtors’ group, sounded optimistic at the first of the year when the group released its market predictions for 2015. “After seeing so much improvement in 2014, the housing market seems poised for a real comeback in 2015,” Stewart said at the time. “Prospects are looking bright for homeowners and prospective ...

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FOCUS ON REAL ESTATE — Would you buy a home sight unseen? It’s becoming more popular in Mississippi

By LYNN LOFTON  There are all sorts of technology that make it easier to buy homes these days. In some cases homebuyers use technology to buy homes sight unseen. According to Business Wire, one in five buyers has made an offer on a home without having visited it in person. How prevalent is that practice in Mississippi? It hasn’t happened ...

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