If you haven’t heard, there’s a $12 million development proposed for the Fairpark District in downtown Tupelo, as described in this story by the Daily Journal’s Caleb Bedillion. And today, we got some additional details.
In a nutshell , Maloney Properties has committed that it will eventually construct two multi-story buildings for office and retail space.
The company has agreed to invest a total of $12 million into the project in exchange for the city’s public infrastructure improvements. At least half of that private investment must be completed by next June.
Here are the new details, per Century Construction:
This building will be the newest and only “Class A” full- service office building in Tupelo. It will have four stories totaling approximately 40,000 rentable square feet. Each floor will have approximately 10,000 rentable square feet except the first and second floor which will have a two-story tall atrium. The building’s construction will be a combination of brick, precast concrete and glass. The building is being designed with energy efficient systems, and access-controlled entry. The anticipated occupancy date is March 2018.
Other Building Features: Prestigious Fairpark address; Shared public parking of over 230 spaces within one block; Beautiful landscaping; Ornamental lightings; Paver parking in adjacent Plaza; Two glass elevators and two stairwells with controlled access; Large male and female restrooms on each floor; Walking distance to BancorpSouth Arena, Hilton Hotel and to numerous restaurants; Generous tenant improvement allowance.
Landlord/Ownership: Maloney Development Properties, LLC is the Landlord, located in Tupelo, MS. The principle member owner and manager is Colin Maloney. Century Construction is the designated General Contractor. Century Construction and Realty, Inc. was founded in 1997 by Colin Maloney and employs almost 200 people in Tupelo, Jackson and West Point, MS. They are licensed in 32 states with an impressive senior management team. For more information on Century Construction, you may visit their website at: www.centurycr.com.