LOCATION
Starkville, Mississippi
PROJECT HIGHLIGHTS
Market analysis of various land uses: conference center, hotel, condominium residences, student housing, office, retail, restaurant, and parking
Feasibility analysis of various land uses
Return on investment analysis
Advisory regarding approach to financing
PROJECT DESCRIPTION
Johnson Consulting was retained by ComVest Properties, LLC and Mississippi State University to perform a market and financial feasibility analysis of the proposed Cotton Mill Marketplace mixed-use development in Starkville, Mississippi. The analysis provided market, financial and funding structure analysis for a mix of land uses and served to support ComVest Properties’ application for funding from the State’s incentive program.
The project relates to a 35-acre mixed-use development adjacent to the Mississippi State University campus in Starkville. The overall proposal includes a Conference Center with a total of 17,500 square feet of banquet and meeting space; a 135-room Hotel with a 14,300 square foot Spa; 80 condominium residences; 216 units of student housing to support Mississippi State University, 114,070 square feet of net leasable office space; 306,355 square feet of net usable retail and restaurants; and two parking garages for 1,730 cars. The total development cost is $252.6 million.
