Home » Tag Archives: Commercial Real Estate (page 14)

Tag Archives: Commercial Real Estate

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 ...

Read More »

Bank to take over historic Monmouth in foreclosure proceedings

NATCHEZ — United Mississippi Bank was expected to assume ownership of historic Monmouth today in foreclosure proceedings. Warren Reuther, president of New Orleans Hotel Consultants, said his company has met with bank representatives about the possibility of managing Monmouth. Reuther said the bank intends to do everything they can to keep Monmouth open because of the vital role the property ...

Read More »

City buying downtown properties for redevelopment

TUPELO — The city of Tupelo plans to buy three downtown properties in a $376,000 investment it hopes will result in a park or residential development. The Northeast Mississippi Daily Journal reports the properties have been magnets for crime and other problems. One originally was the Tupelo Military Institute but city officials say it more recently has been used by ...

Read More »

City targets more blighted buildings for demolition

BILOXI — Blighted buildings are coming down in Biloxi. The Sun Herald reports the city council approved inspections yesterday of six more blighted buildings, including the White House Hotel. Jerry Creel, community development director, says his department wants the owners of the White House to remove the steel beams on the west side of the hotel or build a façade ...

Read More »

Casino developers to send lease agreement with city to commission

NATCHEZ — Roth Hill casino developers have been asked to send a copy of their finalized lease with the city of Natchez to the gaming commission because the recently proposed lease amendment ties the lease to the funding of the casino. The Mississippi Gaming Commission deputy director Eddie Williams tells The Natchez Democrat Natchez Gaming Enterprises, LLC is not required ...

Read More »

Long-abandoned hospital could get new life

LUMBERTON — Assuming the legal language can be satisfactorily completed in time, the initial cleaning of the former Lumberton hospital could begin this spring. That would be the first step in determining whether the long-shuttered building could be renovated and turned into a personal care facility for the elderly that would be leased from the city. “That’s the first thing ...

Read More »

Metrocenter awaits new vision

On one hand, Nina Holbrook sees the departure of Sears as “one of the biggest hits Metrocenter has ever had.” But then she switches her perspective from U.S. Highway 80 corridor advocate to commercial real estate professional. With that comes the idea that big things could be in store for the 34-year-old mall. “It’s a great development opportunity,” she said. ...

Read More »

Developer, city still negotiating over TIF financing

MADISON — GBT Realty Corporation of Brentwood, Tenn., was scheduled to present the final plans and variance requests at the Jan. 9 meeting of the city of Madison’s Planning and Zoning Commission for the proposed Madison Promenade, but has deferred its request over TIF financing issues. The roughly 26-acre first phase is located in the northeast quadrant of I-55 and ...

Read More »