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The District at Eastover Announces BankPlus Addition, Development Updates

JACKSON, Miss., March 02, 2016 (GLOBE NEWSWIRE) -- The District at Eastover’s newest neighbor is BankPlus, one of the leading community banks in Mississippi. The bank’s new office complex will be a multifaceted financial center in the leading-edge mixed-use development taking shape in the heart of Metro Jackson. The new BankPlus office will house commercial lending, commercial real estate, cash management, private banking, wealth management, wealthplus and business development, and will also serve as the headquarters of the Jackson banking center.

“We cannot think of a better location to combine all of these financial services in one place,” said Bill Ray, President and CEO of BankPlus. “The complex will be a focal point and will create great synergy for both BankPlus and The District at Eastover.”

The BankPlus complex will boast 67,000 square feet of space as an anchor financial institution in The District, located at Interstate 55 and Eastover Drive. Centrally positioned between the city’s major medical corridor, the Fondren Arts District and the high-end residential homes of the Lefleur East District, the complex will also feature a traditional BankPlus office and state-of-the-art drive-through banking facility.

The ground floor of the BankPlus building will showcase 17,000 square feet of retail and restaurant space with frontage on both Interstate 55 as well as The District Plaza. Construction on this building will begin in early March with opening slated for April 2017. BankPlus has more than 60 locations in 34 Mississippi communities across the state.

In addition to BankPlus moving in, The District has announced several other updates to the $125 million 21-acre development:

One Eastover Center

Work was completed at the end of 2015 on One Eastover Center, the 125,000 square foot Class A new office building at The District at Eastover, with the two lead tenant interior build-outs currently underway. Both tenants, Baker Donelson and Cosmich Simmons & Brown, will move into their new offices in March.

Restaurants

The District at Eastover is planning to establish six restaurants of varying categories across a broad spectrum, and are targeting:

  • Modern Mexican restaurant
  • Upscale sushi concept
  • Modern twist on Mediterranean
  • Neighborhood Italian with fresh pizzas, salads and wine
  • Several fast, casual concepts

“The District at Eastover will be a culinary destination for Mississippi, and we want to celebrate that not only through the restaurants but also at events held on the property, including pop-up events, wine tastings, and farmers markets,” said Breck Hines, principle of The District at Eastover. “Furthermore, we want to expand on the current interest in health and wellness and marry that with the social aspect of good, locally-sourced food and drink. For residents of Jackson, dining out with friends and family is more than just eating good food – it is a large part of our social fabric and how we entertain ourselves.”

Retailers

While the slate of exciting and trend-setting retailers has not been announced, the development is pursuing a variety of unique experiences ranging from salon and spa to health and fitness, women’s fashion to gifts, interior décor, furniture and more, and will have further announcements in the near future.

District Lofts

Construction on The District Lofts, which will feature 250 upscale residential units with resort-caliber common areas and amenities, began in the fall of 2015 and is slated for completion in the spring of 2017, with associated ground floor local and national retailers coming online later this year and in early 2017.

Marriott Residence Inn

The Marriott Residence Inn rising along Eastover Drive is expected to open for business early this summer. The four-story hotel – featuring 95 spacious suites with separate sleeping and living areas – will be the first new hotel in this area of Jackson in more than a decade. It is perfect for business travelers or families who prefer added comfort in an amenity-rich urban environment. Each suite will feature a sitting area, business desk with ergonomic chair, and complimentary Wi-Fi with high-speed Internet. Other amenities helping guests maintain a healthy lifestyle include a hot breakfast buffet, complimentary evening socials, swimming pool, exercise facility, outdoor patio fireplace and fellowship area, meeting rooms, business center, and on-site laundry.

High-End Theater

A high-end theater, planned for mid-2017, will boast eight screens, all with chair back reclining seats. The theater will include an elegant cocktail lounge where patrons can enjoy wine, beer and cocktails along with tapas-style dining while watching movies or attending other special events.

The convenience of The District at Eastover is inspired by both location and the intimacy of the development. All areas are easily accessible via walking and will have nearly 1,400 parking spaces, half of which will be covered parking in garages. Green space is incorporated throughout the development – including a central District Plaza – evoking a true neighborhood environment complete with wide sidewalks and inviting awnings, welcoming people to explore no matter the weather. Teams of District “ambassadors” will keep the development clean, green and secure.

Origin Bank

Origin Bank has broken ground on their new bank branch located on the Frontage Road in front of One Eastover Center, with completion expected in late summer 2016. Origin Bank has a wide range of traditional banking services and 41 banking centers in Mississippi and across the Southeast.

About The District at Eastover

The District at Eastover represents the best of mixed-use urban revitalization in the heart of Mississippi’s capital city. Conveniently located between Jackson’s historic Eastover and Fondren neighborhoods and adjacent to the I-55 corridor and the University of Mississippi Medical Center, The District offers a transformative destination characterized by boutique shopping, acclaimed restaurants, thoughtfully planned office space and luxury residential living opportunities. Learn more about The District at www.thedistrictateastover.com

About BankPlus

BankPlus, with total assets of more than $2.6 billion, has over 60 locations in 34 Mississippi communities. BankPlus offices are located in Belzoni, Bentonia, Brandon, Byram, Canton, Clinton, D’Iberville, Durant, Flora, Flowood, Gluckstadt, Hernando, Holly Bluff, Horn Lake, Isola, Jackson, Lexington, Madison, Meridian, Newton, Olive Branch, Pearl, Picayune, Pickens, Poplarville, Quitman, Ridgeland, Shubuta, Southaven, Stonewall, Tchula, Tupelo, Waynesboro and Yazoo City. For additional information on BankPlus, please visit www.BankPlus.net.

Contacts: Todd Smith 601.460.0705 todd@deanesmithpartners.com Bruce Ulrich 601.607.4419 BruceUlrich@BankPlus.net

Source: The District at Eastover