What a long, strange, trip it's been. The co-developers of the King Edward Hotel are holding a groundbreaking on March 27, at 11 a.m., after years of the project languishing in the planning stages. Developers, including Jackson attorney David Watkins, HRI Properties co-founder Pres Kabacoff and New Orleans Saints star Deuce McAllister will be on hand with Gov. Haley Barbour to celebrate the "Rebirth of Jackson's downtown and the commencement of renovation" of the King Edward.
The project suffered one painful setback after another as developers fought to secure both ownership of the building and financing for the project.
The city did its fair share of bungling the effort with a misplaced file or two, delaying some federal money for the project, with Mayor Frank Melton all the while yapping at the knees of developers, threatening to "implode" the building.
Finally, with construction vehicles parked around the massive 1920s-era hotel, developers are poised to prepare the world for inner-city living in the days of $7-a-gallon gas, when suburbs become the new ghetto, and an emerging class flees to the arms of new urbanism. Don't look for that quote on developer David Watkins' press release, but we're almost, sort of, certain he's thinking it.
The $82 million King Edward investment will produce a total of 64 upper-floor apartments, in addition to some retail space.
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