Madison board approves offices at The Village
Two new buildings approved at The Village at Madison development downtown will provide roughly 14,400 square feet of retail, business or restaurant space as the development continues to take shape.
Mark Castleberry, one of the developers, said that they hope to begin construction this summer and have them ready for tenants to move in in the first quarter of 2023.
“We are seeing strong demand for retail and office space in Madison and are excited to provide these additional buildings to bring more energy to The Village at Madison,” Castleberry said.
Castleberry, of Starkville, is a commercial developer with 30 years of experience. He has overseen projects across Mississippi that include The Mill at MSU in Starkville.
Renderrings and building plans ere approved earlier this month at the Madison City board meeting. Ward 6 Alderman guy Bowering said that he really likes the design of the buildings.
“It's a little different and adds some variety,” Bowering said. “It has really attractive architecture, and with them being built there, it's going to attract businesses. Somebody is going to want to be part of that area and move their business there.”
Building D will boast 12,000 rentable square footage in total. Spaces available for pre- leasing in this multi-tenant building range from 1,500 - 4,900 rentable square footage. Building G will offer 2,400 rentable square footage.
Both buildings will be able to accomodate retail, restaurant, and office space.
“I was talking to a group of attorneys the other day who wanted to move to Madison, and I told them about these buildings,” Bowering said. “They like the location and they're going to look into it when it gets further along."
Castleberry said that they have received interest from businesses that include medical offices, clothing stores, book stores, a candy shop and shoe store. He described all the interested potential tenants as “upscale.”
The projected is developed by Main Street Investors and overseen locally by Pinpoint Commercial Real Estate.
Main Street Investors is comprised of partners Dr. Michael Manning of Ridgeland, Lee Stafford of West Point, and Castleberry. Pinpoint’s B.B. Mitchell and Sam Cox are representing Main Street investors.
The Village at Madison has been in the works since 2018, according to Castleberry. In 2020 the first building, the Half Shell Oyster House, was complete and up and running. Castleberry said the COVID-19 pandemic slowed their plans but they now have 14 homes under construction in the mixed use development.
Castleberry said the 25 acre development has room for about 75 single family homes. He said of the more than a dozen in development all but one have been sold and many are custom jobs.
"The Village of Madison is our entrance from Main Street to our historic downtown, and everything that is being built there reflects what Madison could've been years ago,” Hawkins-butler said. “It embellishes what we have on Main Street. The design is part of that character. It's exciting to see something you dreamed about for decades to come out of the ground and see all the plans and hopes come to fruition."