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The Herrington Weaver Co. | A Premier Real Estate Company

HARBOR STATION - RIDGELAND MS

   LIFE ON THE WATER IN RIDGELAND, MS

Harbor Station, Ridgeland MS -Photo

Harbor Walk, located on the Reservoir, Ridgeland MS is making progress, developer John Burwell said. But more funding is needed before developers can make significant headway on the estimated $750 million upscale mixed-use project.

Just before July Fourth weekend, the initial component of the development opened. It includes a short order grill with indoor and outdoor seating, a convenience store, a fuel station and office space all housed in a 6,000-square-feet, $1.3 million building called Harbor Station.

Burwell said the opening of Harbor Station sends out a major signal to the community that the development is moving forward.

About $20 million has already been spent on road construction, pier replacement and other work in the area, Burwell said.

Harbor Walk, which has been described as the "town center" of the Ross Barnett Reservoir, includes retail stores, restaurants, luxury condominiums, a marina, a boardwalk, a parking garage, at least three hotels and more on 4.5 million-square-feet of land on the southwest corner of the 33,000-acre reservoir in Ridgeland, MS.

Harbor Walk, Ridgeland MS -Photo

Burwell said he has yet to secure a $250 million construction loan to complete the rest of Phase I of Harbor Walk. Phase I includes Harbor Station, 15 retail stores, condos and a four-star, nine-story Valencia hotel.

"Hopefully we'll get our funding, and we can get started," he said.

Burwell said he is pursuing public and private lenders.

Harbor Walk is a six-phase project. Each phase will take about two years to complete.

Harbor Station owner Dale Shepheard said some light construction on Harbor Station is still being done. Landscaping will be put in soon, he said.

The first floor of Harbor Station houses the grill, convenience store and fuel station, while the second story is reserved for office space.

"We're still working with the upstairs tenants to finalize some leases," Shepheard said.

The fuel station, named Main Harbor Store, also offers boat rentals, life jackets and other boating supplies.

Business at the short order restaurant, Pelican Cove Grill, has been "good" so far, said the restaurant's general manager Doug Bennett.                    

The grill opens at 3 p.m. each day with a limited menu of mostly seafood poboys, burgers and appetizers.

Lunch service and additional menu items are on the pipeline, Bennett said, and they both will be added "as soon as we get everything broken in and get (more) staff trained."

Harbor Station was originally slated to open in May, but inclement weather interfered with the construction schedule, developers said.

Harbor Walk Logo

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http://www.madisonmsrealestatehomes.com/00400D
Posted on July 17, 2008 11:22:47 by Patti.Herrington

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