Twelve new loft apartments could soon be available on the Northside, once the first phase of a major redevelopment wraps up at the Quarter.
Construction on the first phase of renovations at the Quarter on Lakeland Drive are expected to wrap up this fall.
The project includes renovating and updating the exterior of the development’s front five buildings, expanding spaces for existing tenants and converting those buildings’ second stories into loft apartments, according to Justin Peterson, general counsel with State Street Group (SSG).
SSG purchased the Quarter in 2016, from an out-of-state landowner.
“When the Quarter was initially developed in the 1970s, it was a real happening place. When we bought it, however, there were a number of deferred maintenance issues and several vacant buildings,” Peterson said. “Our hope is to get it back to its status as a mixed-use jewel by updating and modernizing the property.”
At one time the Quarter was a thriving shopping center with restaurants, offices, salons and retail.
The first phase will include the construction of 12 loft apartments, which will be located on the second floors of the Quarter’s front five buildings.
“They will be one and two-bedroom units and will come stocked with high-end finishes and amenities. The units will have modern, stainless steel kitchens with islands, white quartz countertops, Nest thermostats and USB outlets, walk-in closets, washers and dryers, huge windows and 9 to 10 foot plus ceilings. Several of the units will have spacious balconies,” he said.
Peterson is confident the lofts will be well received, pointing to the success of the Meridian and the District at Eastover.
The Meridian, which is also on Lakeland, includes 240 high-end apartments, with nearly 70 percent of them being leased out before the project was completed.
“We were the co-developers on the Meridian. Those apartments were leased up very quickly. That experience ... indicates that there is a market for high-end apartment spaces here in Jackson.”
Contractors finished framing the apartments last week and were expected to begin hanging drywall. On the commercial side, crews were preparing to take out the existing exterior walls to allow for an expansion of the wine and package store there.
“We’ve got to turn a breezeway between two buildings into finished interior floor space with a floor-to-ceiling glass storefront,” he said.
The Quarter’s front five buildings are home to a wine and package store, a tobacco retailer and a coffee shop.
Behind those buildings, the center is home to a psychiatric clinic, a bank and a law firm.
The Quarter includes 18 multi-story buildings and approximately 100,000 square feet of space. Much of the development beyond the front five buildings is office space, with a handful of existing apartments.
Much of the development was completed in the 1970s.