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Mississippi State alums, fans fueling condo boom: Starkville could see $50 million in condo and related construction in next five years.

Publication: Mississippi Business Journal
Publication Date: 29-AUG-05
Format: Online
Delivery: Immediate Online Access
Full Article Title: Mississippi State alums, fans fueling condo boom: Starkville could see $50 million in condo and related construction in next five years.(Focus Real Estate)

Article Excerpt
STARKVILLE -- If you have to ask if alumni of Mississippi State University (MSU) are a particularly dedicated lot, then you probably haven't had much to do with them. These days, those Bulldog fans and faithful are fueling a condominium boom in Starkville by putting down deposits on the Cotton Mills at Starkville condominiums that will be within walking distance to Davis-Wade Stadium and other campus attractions.

In just the first couple of weeks since the one-, two- and three-bedroom condos in the $135,000 to $547,000 range have been offered, developer Ergon Properties Inc. has taken deposits on 70 out of the 106 condominiums planned in Phase One of the project located at the "front door" of the campus on Russell St. and Mississippi 12.

"We are very encouraged by the alumni and corporate support," said Jim DeFoe, vice president of Ergon Properties Inc., Jackson, which is one of the 53 operating subsidiaries of the energy company Ergon Inc. "Our site offers a location that is hard to beat. You can't get any closer to campus. The views are fantastic, and we are conveniently location to the Cotton District, the campus and the downtown area."

The Cotton District is a New Urbanism redevelopment project by the new mayor of Starkville, Dan Camp, which has received national attention for its unique architecture. Porches, balconies and courtyards overlooking cobblestone alleys and...

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