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Real Estate & Construction

Foreclosures, late mortgages drop in Jackson, rest of state

Foreclosures and delinquent mortgages decreased for the month of August over the same period last year in Jackson and the rest of Mississippi, data from CoreLogic shows. The CoreLogic data reveals that the rate of Jackson area foreclosures among outstanding mortgage loans was 0.94 percent for August 2015, a decrease of 0.10 percentage points compared with August 2014 when the ...

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Co-working ‘community’ concept coming to Fondren’s Duling Hall

By TED CARTER One really can be the loneliest number if you’re starting a business, especially an innovative one that can succeed only by making inroads into unexplored technological applications. That is an assumption Jackson attorney and entrepreneur Christopher Lomax is making with his Mantle Co-Working, a refuge in Fondren for start-up and established small business owners who can benefit from ...

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Consensus-building fares well for Colonial redevelopment

By JACK WEATHERLY  Every misstep made by developers early this year appears to have become a stepping-stone toward winning the support of northeast Jackson residents for a proposal to turn the old Colonial Country Club into an upscale village. The area was in an “non-armed revolt” early in the year toward Colonial Jackson LLC’s effort to redevelop the 150-acre site ...

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State’s historic preservation office to ask for $60 million in new tax credits

By TED CARTER News that Mississippi had used up its $60 million in historic tax credits stunned Virginia Pace, a member of a development team seeking to convert downtown Jackson’s circa 1928 Edison-Walthall Hotel to a mix of apartments and retail. In a phone interview last spring, Pace sounded bewildered, not to mention disappointed, that she and her partners must wait ...

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Saving Mississippi’s past can brighten its economic future, Stennis report says

By TED CARTER  Supporters of efforts to replenish Mississippi’s historic preservation tax credits will have real numbers on economic benefits to point to as they set about persuading legislators to allocate new tax credits in 2016. They will present an economic impact report prepared by Mississippi State University’s Stennis Institute of Government and Community Development that concludes Mississippi gets huge ...

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Country Club redevelopers return, with a plan in the works

By JACK WEATHERLY Nearly seven months after developers – under strong neighborhood opposition – withdrew their plan to rezone the former Colonial Country Club in northeast Jackson, they returned Tuesday night with a new approach: tell residents on the front end what was the intent. Colonial Jackson LLC had dug in its heels and reserved the right to build an ...

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Turning City Centre into convention center hotel is option, new owner says

By TED CARTER The new owner of downtown Jackson’s City Centre will consider converting the two-tower office complex on South Lamar Street into a convention center hotel should it lose a main tenant whose lease is up at the end of 2016. Hertz Investment Group, the Central Business District’s dominant landlord, emphasized it bought the 266,700 square feet of buildings and ...

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Historic music venue, 100 Men Hall, for sale

By LISA MONTI The 100 Men Hall is up for sale. The historic music venue built in 1922 in Bay St. Louis is where Etta James, Ike and Tina Turner and many others have performed. The building was put on the market a couple of weeks ago and has a sale price of $699,000. It has 4,500 square feet, two bedrooms ...

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