Specifications include, but are not limited to: Phase 1 Phase 1 focuses on Section 108 acquired parcels and the uses that are job creators. This excludes any new construction housing on Section 108 acquired property. Hotel, Structure Parking, and Public Green Space. Phase 1 focuses on Section 108 acquired parcels and the uses that are job creators. This excludes any new construction housing on Section 108 acquired property. These uses must be designed in coordination to maximize the benefit to the Convention Center and coordinate connection with the parking garage, hotel and public green space. This phase is located on the block bound by Pearl, Pascagoula, Lamar, and Farish. These parcels were acquired via the 108 loan proceeds except for one JRA parcel and the parcel that is privately owned. ● Open Space entertainment, possible museum/art installations ● 335 Room Full-Service Hotel ● 1200 +- Structure Parking Space ● 350 for hotel use specifically ● 400-600 for general use and convention center event use o Remaining for long term tenant agreements with surrounding uses ● Aligned to allow drop off and valet from hotel front on Pascagoula, street access from Pearl, and to allow direct connection to both Hotel and possible overhead walkway to Convention Center Phase 2 – Mixed-Use Development Phase 2 is focused on the properties that were not acquired with the Section 108 loan proceeds. This phase is located between Farish and Court, and Pearl and Pascagoula. It is composed of two blocks of property. These properties were owned by the City of Jackson before the Section 108 transaction and were not acquired through it. Liner commercial space will surround the firstfloor parking garage on street frontages, and the hotel footprint will allow for space for restaurant and entertainment options in association with the hotel. Commercial – some commercial components will be included, the extend and type to be determined. All first-floor spaces should be commercial in nature to keep a good walkable and safe feel. Phase 3 • 400 Apartments/Condos • 800-1500 Additional Structured Parking Spaces • Open Space • The following uses may also be included depending on market needs: This program is broken into three phases based on what the market can best support at this time and what the market may be able to support following Phase 1. We also believe a scaled and tailored approach to the uses that must be configured together for the success of the convention center created a smaller, more approachable project—additionally, focusing on the job creation requirement of the Section 108 loan on the properties acquired from the loan positions the city closer to closing out the Section 108 loan. The second phase is mainly open-ended due to many changes currently in process that may create more demand or less demand for the uses. We think it is crucial to allow the market to help guide what can be absorbed. By breaking the project into three phases, we are able to take the benefit of Phase 1 to help guide and support Phase 2 and Phase 3.
