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Tag Archives: Commercial Real Estate

City extends term of tax increment financing plan for mall

SOUTHAVEN — Officials have extended the time frame of the $15-million tax increment financing plan for the proposed outlet mall in Southaven. The Commercial Appeal reports Mayor Greg Davis made clear the amount of funding was not changing, just the time period for the plan was being extended from 15 years to 20 years. Tax increment financing is a plan ...

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Historic building to be razed after damage from Isaac

PASCAGOULA — Hurricane Isaac has done irreparable damage to the Brumfield’s Building, a fixture in downtown Pascagoula since the 1920s. A spokesman for the family said a contractor has been selected and the building will be torn down, once the city has been consulted and all requirements and considerations met. Losing the building will knock a hole in the structural ...

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Group unsure of jurisdiction over historical properties

GREENVILLE — Preservationists in Greenville are trying to determine how far their jurisdiction goes over minor repairs to local historical properties. Walley Morse, secretary of the Joint Greenville Washington County Historic Preservation Commission, tells the Delta Democrat Times concerns were raised in the downtown historic district regarding paint and minor repairs. The commission was given an undetermined amount of control ...

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MSU chooses new developer for cotton mill project

STARKVILLE — Mississippi State University has chosen a new contractor to preserve a former cotton mill as part of a commercial development. The College Board voted to sell 1.1 acres near what MSU calls the Cooley Building to developer Mark Castleberry for $460,000. The Starkville structure was built in 1902 as the Stone Cotton Mill and was indirectly associated with ...

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Partners plan for redevelopment of warehouse row

CORINTH — A block of old warehouse buildings is getting a makeover in a redevelopment plan by a partnership in Corinth. The Daily Corinthan reports Trey Albright and Stuart Green recently acquired the buildings in the 100 block of Wick Street, along with several buildings in the area, with plans to renovate them for rent. Albright and Green have collaborated ...

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More funding approved for historic street

COLUMBUS — Improvements on one of Columbus’ most famous streets will continue as more funding has been made available. The Commercial Dispatch reports the City Council has allocated $25,000 for improvement of Catfish Alley. Money for the project will come from remaining general obligation bond funds used for paving streets in the city’s six wards. “Catfish Alley is in my ...

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Parkway completes sale of downtown office building

JACKSON — Parkway Properties Inc. has completed the sale of 111 Capital Building in Jackson for $8.3 million. The 111 Capitol Building is a 187,000-square-foot office property located in the Central Business District. The property was 83.1 percent leased at closing, which occurred Sept. 7, 2012. Parkway, which relocated its corporate headquarters from Jackson to Orlando, Fla., received approximately $6.3 ...

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Meadowbrook McRae’s building sits mostly empty, but full of potential

The old McRae’s building on Meadowbrook Drive in Jackson has sat mostly vacant since 2005, save for a small clothing store and a cash advance place. Just under 68,000 square feet of the total 86,000 square feet sits empty. An advocacy organization for the Fondren neighborhood has renewed its hopes that development of the building could turn north Fondren’s business ...

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With new building complete, what is to become of old hospital?

PICAYUNE — Now that the new Highland Community Hospital building has been completed, some Picayune residents may wonder what will become of the old location. Originally named Crosby Memorial Hospital, the site on Goodyear Boulevard was constructed by L.O. Crosby around 1955, said former Crosby Memorial Hospital Board member Jo Woods. Picayune only had a medical clinic to meet the ...

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