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Jackson Mississippi

Jackson Mississippi . City With Soul. King Edward, Standard Life, Farish Street and Whitney Place . David Watkins. Investing in the Future. President, Watkins Development, LLC Principal, Watkins & Young PLLC. Ich bin ein Jacksonian !. King Edward Hotel Redevelopment And

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Jackson Mississippi

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  1. JacksonMississippi City With Soul

  2. King Edward, Standard Life, Farish Street and Whitney Place David Watkins Investing in the Future President, Watkins Development, LLC Principal, Watkins & Young PLLC

  3. Ich bin einJacksonian!

  4. King Edward Hotel Redevelopment And Standard Life Building Renovation King Edward Hotel Revitalization Company LLC July 17, 2008

  5. PARTIES INVOLVED IN THE PROJECT • Development Partners: • HRI Properties (New Orleans) • David Watkins (Jackson) • Deuce McAllister (Jackson) • Leroy Walker (Jackson) (Standard Life only)

  6. My Partners and my main shareholder

  7. My other main shareholder

  8. Hilton Gardens Inn at the King Edward – Summer, 2009

  9. PROJECT COSTS • Total Development: $124 million • King Edward: $89 million • Standard Life: $35 million • King Edward Project contractor is Clayco, Inc., a nationally-known, design-build construction firm using local subcontractors for all work on project • White Construction is contractor for Standard Life project

  10. PROPOSED USES OF THE PROPERTY • Mixed-use Residential, Hotel and Retail with associated parking • Residential • Top 4 floors of the King Edward Hotel building • Approximately 56 Units – 1 BR and 2 BR • Floors 3-18 of Standard Life Building • Approximately 64 units – 1 BR and 2 BR • Potential of 12 additional units as alternate use of Annex buildings • Hotel – King Edward • Hilton Gardens Inn flag with 186 rooms on floors 3 through 8 • Conference facilities located on the second floor • Hilton – “Evolution” (luxury) FF&E package for urban hotels (plasma TVs, etc) • Signature Bar and Restaurant • 2 swimming pools (one in basement; one on rooftop)

  11. PROPOSED USES OF THE PROPERTY • Retail • Approximately 3,000 square feet in KE and 3,400 in Standard Life • Coffee shop and gift shop currently proposed in King Edward • Signature restaurant and bar in lobby of KE • Parking • renovation of existing garage; use of Standard Life parking lot with possible expansion for low level parking garage • Greenspace • Interior courtyard with connected terraced/landscaped valet entrance from Capitol Street, additional exits at Roach and Pearl Streets

  12. King Edward 10-Year Fiscal and Economic Impact

  13. PHYSICAL REDEVELOPMENT PLAN Site Plan

  14. PHYSICAL REDEVELOPMENT PLAN • First Floor • Lobby • Registration • Restaurant • Bar • Coffee shop • Gift shop

  15. PHYSICAL REDEVELOPMENT PLAN • Second Floor • Meeting rooms • Grand Ballroom • mezzanine/balcony . reopened

  16. PHYSICAL REDEVELOPMENT PLAN • RooftopPatio • Pool • Fitness Center • Entertainment . Area

  17. In Partnership with Watkins Development, LLC, McAllister Enterprises, LLC & LTM Enterprises, Inc.

  18. Standard Life Apartments – December, 2009

  19. Mill Street Farmers Market, Art Galleries and Sidewalk Coffee Shop

  20. MILL STREET VIADUCT IMPROVEMENT & MARKET

  21. Farmers Market Cafe

  22. Farish Street Entertainment District

  23. Farish Street

  24. Farish Street Plan

  25. Farish Street • Entertainment, historic, tourist, cultural venue • Vision and Scope of project expanded • Emphasis on Culture, Music, Food and TELLING THE STORY OF JACKSON MISSISSIPPI!

  26. PROJECT SUMMARY • Total Development Costs: $52.5 million • New Jobs Created: 680 • Ten Year Revenue Impact: $200 million+ • Projected Timetable: • Commence Construction: 90 days • Complete Construction of first block: 12-16 months • Complete Construction of second block: 2010

  27. Farish Street Group LLC

  28. Town Creek Restoration The Riverwalk

  29. Riverwalk

  30. Town Creek Restoration • Relocation and restoration of Town Creek, currently running under the city • “Greenspace,” Parkways, bike/walking trails • Development of creek site (Riverwalk style) condominiums, town houses and apartments • Underground parking garage facility nearby • Other recreational development opportunities

  31. Jackson Mississippi Downtown Redevelopment A City with Soul

  32. Fondren’s New Face Whitney Place

  33. Whitney Place

  34. Investing in the Future! Web, 5 Douglas, 3

  35. Logos

  36. JacksonMississippi City With Soul

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