The Meadowbrook Mart redevelopment took a step forward with the March 23 action of the City of Jackson Planning Board.
Council recommended approval of DMG Real Estate Holdings’ application to rezone the property at 3153 Meadowbrook Road from the C-3 General Commercial District and the R-1 Single Family Residential District to the CMU-1 Commercial Mixed-Use District, Pedestrian- Oriented.
Jackson City Council is due to consider the recommendation at its April 18 meeting.
PraCon Global Investment Group, which owns the Woodland Hills Shopping Center and the Fondren Post Office, would like to demolish the dilapidated building that once housed the McRae department store and another building that houses Advance America Cash Advance and replace them with a four-storey building. floors and gated complex that would include 215 lofts, a swimming pool, a fitness center and two courtyards.
The project, estimated at around $60 million, would be equivalent to those led by Mike Peters in the center of Fondren, said Gabriel Prado, CEO and President of PraCon. Peters developed Fondren Corner and Duling School.
If all goes well, ground could be broken as early as September, Prado said. Construction would take 12 to 18 months, he said.
Residents of the Fondren neighborhood in Jackson were assured at a March 16 neighborhood meeting that the development would not worsen drainage in the area.
Jordan Hillman, director of planning and development for the city of Jackson, attended the meeting. One of the first questions she asked about the development was about drainage.
Because the property is already pretty much covered in concrete, there shouldn’t be much of a change in drainage, she said.
The building plans don’t call for raising the development like the nearby CVS, Prado said.
Prado said at the meeting that he believed he could improve the neighborhood while making a profit as a business. “Be the change you want to be,” he said of his business philosophy.
The complex, which will cut off access from Choctaw Road to Meadowbrook Road, is designed to attract young professionals and would not be low-income housing, Prado said.