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Tag Archives: commercial property

Farish Street Group getting $10.2M loan from JRA

JACKSON — Developers of the Farish Street Entertainment District have taken the first step toward securing money needed to finish construction on the first block of the $100 million project in downtown Jackson. Yesterday, the Jackson Redevelopment Authority approved a non-binding agreement with Farish Street Group for a $10.2 million loan. As collateral, developers would put up $11 million in ...

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Property owner balks on homeless shelter project

VICKSBURG — Plans for a transitional shelter for homeless people near the former ParkView Regional Medical Center have been scrapped. But planners tell the Vicksburg Post they will look for another site. Owners of the property where the former medical complex sits “weren’t interested in making it available for it anymore,” said Tina Hayward, executive director of Mountain of Faith ...

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Council offers tax exemptions to developers

HATTIESBURG — The Hattiesburg City Council has given prospective developers another incentive to invest in dilapidated downtown properties. During its final meeting of the year, the council changed guidelines for tax exemptions in Hattiesburg’s Historic Preservation and Central Business districts, The Hattiesburg American reported. Developers can now get a tax exemption for the entire increase in property value when an ...

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Main Street turns attention to blighted properties

GULFPORT — Now that downtown historic storefronts have been renovated, drawing new tenants and customers, Gulfport’s Main Street director is turning her attention to vacant lots potentially contaminated by petroleum or hazardous chemicals. The city wants to identify and assess contaminated properties that can be returned to productivity, generating jobs and tax revenue. Lisa Bradley, executive director of Gulfport Main ...

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Duckworth affiliate buys Highland office property

RIDGELAND — Concourse 200 & 400 Holdings, LLC, of Jackson, an affiliate of Duckworth Realty Inc., has acquired two multi-tenant Class A office properties located at 1062 and 1068 Highland Colony Parkway in Ridgeland. Terms were not disclosed. Totaling 94,882 square feet on approximately seven acres in the heart of the Colony Park mixed-use development, the two properties are home ...

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