Quarter Nears Completion of First Phase Reno
Jackson-based real estate development and management company StateStreet Group has announced the completion ofÂ The Quarter LoftsÂ on Lakeland Drive in LeFleur East.
Twelve high-end one and two-bedroomÂ apartmentÂ homes are part of the newly renovated second-story spaces.
Owned and managed by StateStreet Group, phase one renovations of 1970s New Orleans inspired mixed-use campus have focused on the five buildings that front onto Lakeland Drive. Work began in June 2018.
Phase one consisted of three main components.
â€œFirst, we are renovating the entire exterior faÃ§ade of the Lakeland-facing buildings,â€ said Justin Peterson, general counsel for StateStreet Group.
â€œSecond, to allow one of the existing retail businesses to expand, weâ€™re converting an existing breezeway between two buildings into finished interior floor space with a floor-to-ceiling glass storefront.â€
Longtime Quarter tenants Cups Espresso CafÃ©; The Country Squire, a premium tobacco shop; and Wine & Spirits in the Quarter are major benefactors of the project.
A third component converts what was formerly second-story office space into 12 luxury loft apartments.
â€œThese loft units will have all of the amenities that one should expect from a modern, high-end apartment development including tall ceilings, huge windows, stainless-steel kitchens with islands, quartz countertops, NestÂ® thermostats and full-sized washers and dryers,â€ Peterson said.
In addition, several of the units offer spacious balconies that preserve the propertyâ€™s original design-tribute to the New Orleans French Quarter.
The 12 loft units, comprised of five one-bedroom units and seven two-bedroom units. will be truly unique, ranging from an efficient two-bedroom floorplan to a spacious one-bedroom unit that totals over 1,000 square feet. More specifically, one-bedroom units will range from approximately 655-1037 square feet; and two-bedroom units will range from approximately 880-1250 square feet.
StateStreet Group, founded in 1972 by Kane Ditto, a former Jackson Mayor, invests in a wide variety of properties for commercial and residential use. Peterson says The Quarter project is, like most of their portfolio of renovated properties, very rewarding.
â€œFor us, The Quarterâ€™s history and location made it a fantastic opportunity for redevelopment.,â€ Peterson said. â€œThe Quarter has been a Jackson landmark for decades. By modernizing the property, we expect it to thrive like it once did in the 1970s.â€
In addition to the retail and residential component of phase one, StateStreet Group is completing a total renovation of the exterior and interior of the former China Belle restaurant space. Peterson said his group is actively seeking to lease this space to a high-quality restaurant tenant.
â€œWe are thrilled at the results of the renovation, and with half of the loft units already rented, weâ€™re excited to see the first tenants move in this month,â€ said Peterson.
The design partner is Jackson-based Dean and Dean Associates and the general contractor, Unicorp Construction, is also located in the Jackson area.