Hope became a reality in Jackson Thursday as developer Gabriel Prado, Mayor John Horhn, and local bigwigs broke ground on the $50 million Prado Lofts project on Meadowbrook Road.
Prado Lofts will be built on the site of the old McRaes store that was demolished several years ago.
Prado Lofts will have 215 living units, a swimming pool with cabanas, dog wash facilities, a walking trail, and study lounges. It will target the professional, medical, and college communities.
Hall Structured Finance, LLC in Dallas is financing the project. Prado said it will take approximately fourteen months to finish the project. Construction equipment is already attacking the site.
The freezing weather did nothing to dampen the enthusiasm as speaker after speaker buzzed with excitement. A tent packed with Jackson's finest stood where shoppers once roamed as speaker after speaker lauded Prado for his vision.
"Jackson is rising," exclaimed Mayor John Horhn as he lauded Prado's progress (7:20 in video). Hizzoner joked about Prado's endorsement of his candidacy for Mayor last year, "I got so excited I said, Gabriel, you don't have to worry about the endorsement. I want the endorsement but bring the development. That's what we want."
"Jackson, Mississippi can compete with anybody. It is a great day to be in Mississippi. Prado Lofts is the start of the Renaissance of the city of Jackson" announced Prado (20:50). "Prado Lofts represents an inspiration, of never giving up," said the developer.
Prado's team will transform the site from this.....
into this:
44 comments:
Prado is going to learn the hard way
so how much is this Prado worth? His name keeps showing up on buildings.
I preface this comment by saying I want to see Jackson do well, but I don’t see how in the world a finance company that did their homework signed up for this.
I'm told this guy's real smart. No way he's using his own $$ to do this.
A future target rich environment for Jackistan's finest thugs.
He was going to name it The Lofts at SoDoSoPa, but that name was already taken.
Playing with somebody else's money….
How many palms were greased to get this approved?
So what are they going to do about all of the drag racing and the gunshots I hear in that area?
He’s not worth much at all.
The mayor and council need to fix that creek right behind this development or he will be filming “a river runs through it…part dos”
This site will require 24/7 armed security during construction due to thefts, etc. After construction it will need the same, plus quality security cameras.
Good news for Jackson and love the enthusiasm. New Mayor is working hard to overcome a stacked deck against him and his administration. He is 'partly correct' in his statement that "Jackson can compete with anybody"; NE Jackson can, but until the city does something with the blight and gang violence in the South and Western parts of the city, the competition does not exist.
Prado's hope that this is the Start of a Renaissance of the CIty is facing the same problem; yes, this is the start of the renaissance for this section, helping bridge the southern part of Fondren and the parts of NE east of I55 into other salvageable areas, there is a large expanse to cover before the Renaissance can be accomplished.
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Why have several Jackson mayors only focused on downtown and ignoring the rest of Jackson
Can the walks stop stray bullets? Not joking here. Several people in Jackson have been killed in Jackson in there own home from stray bullets
Until Jackson does something about crime and schools. None of this will matter
When I think of "luxury living," I think of the corner of State St and Meadowbrook, next to a CVS, the Murder Shell, and a Pigly Wiggly.
Said noone ever.
I think this place will be a great attraction for joggers. Especially the type joggers who jog around 2 AM wearing Timberland boots.
A creek in Jackson? More like filming On Golden Pond part Deux (Deux)
I suspect there are some real sketchy shenanigans going on behind the scene.
Look at all those democrats; better him than me.
None of those pictured will be able to afford to live there.
Economics, demographics and crime will soon take its toll on this development.
Just what Jackson doesn't need. More 400 sq ft 1bed/1bath apartments for $2000/month.
Interesting, 1:14. That address is also tied to WeBase Management Solutions (the manager, Patricia Oluade, works/worked at Ms Dept of Health and is listed at that address).
There are 8 PraCon organizations listed with SOS.
Gabriel P Contreras is tied to several of the PraCon organizations as well as manager for:
346 Crossgates LLC
DMG Company LLC
DMG Real Estate Holdings 1200 Northside LLC
DMG Real Estate Holdings 319 Meadowbrook LLC
DMG Real Estate Holdings Belhaven LLC
DMG Real Estate Holdings Cypress Lake LLC
DMG Real Estate Holdings Fondren LLC
DMG Real Estate Holdings SBC LLC
DMG Real Estate Holdings State St LLC
DMG Real Estate holdings TG LLC
DMG REH 4301 N State LLC
DMG Staffing and Consulting Holdings LLC
FH Development Company LLC
Fitnetwork Retail LLC
GAPC Global Group LLC
GAPC Senior Living LLC
P Lofts Development SPE LLC
PBM Real Estate Holdings LLC
PL Development Company LLC
PraCon MS Fund I LLC
PraCon Prado Lofts Fund I LLC
PraCon Southeast Fund I LLC
Prado Vista Real Estate Holdings LLC
Remodels Inc.
Remodels Inc.
TG MS Coast Development LLC
TG MS Ridgeland Development LLC
TJ Development Company LLC
2;28PM Don't worry about that $2000 a month rent. In about 8 to 10 years {if not sooner} Section 8 will make it affordable.
I think it's a great initiative, but as many have stated, the crime must be under control. In parallel, the Mayor needs to be beefing up JPD and holding the judiciary accountable (as much as he can, and by calling them out). There are maybe what, 1-2,000 thugs doing most of the crime? Get them off the streets and put away, and it will very quickly transform large pockets of the city. Cocoa with the PoPo ain't gonna cut it.
Several?? Can you provide any specific two, or three?
@12:56 doesn't live in Jackson.
It’s quite amusing what developers are calling lofts these days. There are only a few true loft apartment projects in this town and I’m sure this one won’t be added to the list. Unless an industrial type building is being utilized it’s cost prohibitive to try and replicate the ambiance of real loft living.
Horhn holds the judiciary accountable by calling them out. Right. What planet are you living on?
Its not Reality until project complete and occupied...... call me when that happens.
Well... I hope I'm wrong, but I think someone is running a used car lot in their front yard on the Eastover side Meadowbrook by the little bridge. I hope I'm wrong about this...
LOL all of these idiots posting about flying bullets. I live in this neighborhood and it's a lot more calm and peaceful than you all think. OH that's right. You're all typing bullshit from 15+ miles away where you know absolutely shit about what's really happening here.
8:24 really means "I can't sell my house".
Did y'all not notice there are hospitals near by? Some doctors need to live within 4 minutes of a hospital ER.
Did you not notice there's a medical school and not all students seeking their degree in medicine are poor. Nor are wealthy students at our universities.
Did you not know that those who live in Eastover or at CCJ still have MONEY as do those in Fondren's large homes?
I suspect the naysayers are either poor white trash or resentful members of the middle class who aren't well liked or racists.
Maybe you are just ignorant since most people have more sense than to be negative about anything in their state, especially their capital.
As for me, an educated, successful person of any color is more valuable than a redneck.
Jackson’s biggest problem is the army of dipshits in this comment section
@9:52am So true. The worst part about living in Jackson is people who don’t live here telling you how bad it is. So sick of that talk. We love Jackson, and are not leaving no matter how much Peepaw from Puckett tells us it’s doomed on this site.
### Metro Ad Valorem Millage Rates (2024-2025)* ###
Jackson = 69.09 mils (Assume the Position Belhaven rate)
Canton = 64.04 mils
Jackson = 63.03 mils
Edwards = 50.0 mils
Clinton = 41.49 mils
Bolton = 36.3 mils
Byram = 36.1 mils
Flora = 34.5 mils
---> AVERAGE = 34.21 mils <---
Raymond = 33.79 mils
Brandon = 33.0 mils
Florence = 31.2 mils
Terry = 30.85 mils
Madison = 28.8 mils
Pearl = 27.5 mils
Ridgeland = 20.03 mils
Flowood = 20.0 mils
Richland = 19.0 mils
Gluckstadt = 12.0 mils
* Excludes County & School District. Average excludes Belhaven CID.
@12:07 financial engineering and ego. Random LLC's and companies with little history. Magnetic decals on trucks and equipment that don't belong to him. Good facade. Just because it's built doesn't equate success, many developers go bust.
Someone else got to Cribs On Meadowbrook first!
A sorry ass fat guy is. One of our "new" neighbors to beautiful NE Jxn. Sorry ass mf'r moves here and can't stay where he was because the thugs break into his stash all the time, so he MOVES HERE DAMNIT.
One under-appreciated factor in Jackson's decline, and the impossibility of revitalization, is how sprawling the city's footprint is in comparison to population.
If you buy a condo at Meadowbrook and State, you're surrounded on all sides by miles and miles of blight. It's not like a few blocks that could conceivably be revitalized and then connect up with a business district or something. It's just an ocean of dead strip malls and 1960's suburbs that could never, ever recover in your lifetime. Madison is the closest source of any growth, and it's many miles away, and just a glorified sleepy bedroom community.
Compare that to, say, Birmingham, where Mountain Brook and Homewood are right up against the south end of the city, which is fortified by the massive UAB medical presence. This gives Birmingham a fighting chance to redevelop key neighborhoods and work out from there. Jackson has no such chance, which is why we just plop down isolated nonsense developments that are doomed to fail in the middle of permanently blighted sprawl.
Bham is the only example of this in the south, except maybe Atlanta of course. Jackson, Memphis, Baton Rouge, etc. are just massively sprawling cities that eventually WILL be redeveloped and more density will come of it. So tired of the “never, ever, in your lifetime” talk. Negativity is a cancer, and you can call it being a “realist” but it’s just sad to think that way. Let’s always have hope and pray for Jackson.
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