The Village at Madison is now starting preleasing for two additional buildings that will be built later this year, which will feature retail, restaurant, and office space.
The plan has been approved by the City of Madison, and construction will begin this summer for the second and third buildings within the development. The developers, Main Street Investors, released building plans that include a building consisting of 12,000 rentable square footage for mixed use retail (Building D) and a 2,400 square footage stand-alone building (Building G). Multi-tenant Building D will have spaces available ranging from 1,500 to 4,900 rentable square feet. Pinpoint Commercial Real Estate’s Ellis “BB” Mitchell and Sam Cox are representing the developer and leasing the spaces.
“The development will ultimately consist of 60,000 SF of restaurant, retail and professional office space,” Mitchell said. “75 zero lot line residences will also be located on site, which will provide excellent foot traffic for businesses located at The Village at Madison.”
Mitchell said they are targeting businesses such as quality restaurants, fashion or style boutiques, health and beauty operators, medical users, professional office users and other retail and office users.
“It is our goal to source quality, locally owned and operated businesses to The Village at Madison,” Mitchell said. “We feel that The Village at Madison will provide a much-needed mixed use development on the East side of Interstate 55 for people to come eat, drink and shop. The development provides excellent visibility from Madison Parkway and is ideally located between I-55 and Hwy 51.”
Half Shell Oyster House found its home in The Village at Madison as the first business to commit to the development in 2020.
“Half Shell is regularly packed for lunch and dinner, and we feel their continued success within the development is extremely attractive to users looking to house their restaurant or retail business at The Village at Madison,” Mitchell said.
Mitchell said they already have secured multiple letters of intent from businesses looking to locate in the development, and they still have spaces available in the 1,500 to 4,900 square footage range in the new buildings. Once construction begins this summer, it is anticipated to take 10 to 12 months in efforts to complete the new building by the summer of 2023.
Main Street Investors is comprised of partners Dr. Michael Manning of Ridgeland, Lee Stafford of West Point, and Mark Castleberry of Starkville.
“The Developer, Mark Castleberry, has 30 years of experience in commercial development and we feel that his vision on this project will result in The Village being one of the more unique commercial developments in our market,” Mitchel said. “The Village at Madison, inspired by the Garden District in New Orleans, will provide Madison residents and its visitors with an upscale and unique place to come and eat, drink and shop locally.”
