Jackson City Council Approves $12 Million Housing Development in Midtown Jackson City, MS, 39202
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The Jackson City Council has greenlit a significant housing project in Midtown, with construction expected to commence by late this year or early January. The development, valued at $12 million, has secured funding and a contractor, pending a few final approvals.
The housing complex, spreading across Noel Street, Bell Street, and Mill Street, will revitalize the Midtown Community. It includes 13 single-family homes, six townhomes, and two four-plex units. Each single-family and townhouse unit will offer spacious living with 1,300 square feet, featuring three bedrooms and two bathrooms. The four-plex units will be slightly smaller, each at 1,100 square feet, but still comfortably designed with two bedrooms and two bathrooms.
This ambitious project is slated for completion within 12 months, marking a significant milestone in Midtown's urban development and addressing the growing demand for residential spaces in the area.
- Supply Increase: The new project adds significantly to the housing stock in an area with a slight decrease in home availability from 2020 to 2021.
- Demand Potential: Expected to rise due to the project's appeal and Midtown's urban development.
- Strategic Investment Opportunity: Consider capitalizing on the potential increase in housing demand and enhanced market attractiveness.
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