Commercial lot located in The City of Ridgeland, in the area of the subject has experienced stable growth in the recent years. The Renaissance at Colony Park is a recent development located west of the subject property on Highland Colony Parkway. The Renaissance at Colony Park is an exterior-based shopping center including dining and entertainment located in a thriving area of Ridgeland, MS. Also, north of the subject about 9 miles, is the Nissan Industrial Factory that was built in 2003 and has been a key element in the employment numbers of the area. Just recently, Nissan announced that the company will construct a Nissan Supplier Park near the company’s vehicle assembly factory. The new Nissan Supplier Park will support approximately 800 new jobs. A new, $16 million Madison Healthplex Performance Training Center is expected to open late 2013 or early in 2014, with a little something for everyone. The 96,000-square-foot facility currently under construction is a joint project of Mississippi Sports Medicine and Orthopaedic Center and Baptist Health Systems. Also, Marriott Townplace Suites (3 story, 96 rooms, 52,000 Sq.Ft.) and Marriott Springhill Suites (4 story, 96 rooms, 61,000 Sq.Ft.) are currently under construction in The Township at Colony Park in Ridgeland, west of the subject. Residential developments are flourishing through Madison County with residences to accommodate most levels of income. Accessibility to major entertainment, shopping, dining, and business companies have been improved in recent years by the City of Ridgeland. Interstate 55 is currently in the process of widening lanes in between Ridgeland and Madison. The subject is also in immediate vicinity of US Highway 51, which has been experiencing similar growth as the before mentioned areas around the subject. The Highway 51 corridor includes many mixed-use developments to include retail strip centers, banks, fast-food restaurants, shopping and entertainment locations. North of the subject, at the intersection of Highway 51 and Hoy Rd, the City of Madison extended the Madison Parkway bridge to connect Highway 51 with Highway 463. Along Highway 463 are more developments to include Lowe’s, Wal-Mart, fast-food restaurants, along with the Malco Grandview Theater. Highway 463 intersects the northern point of Highland Colony Parkway, which has seen steady and significant growth through recent years with residential developments and commercial developments. Highland Colony Parkway also has available land for development. Single-occupant office complexes, the before mentioned Renaissance Mall, retail centers, and multi-story commercial developments are some examples of the real estate that exist along Highland Colony Parkway. Madison County also has highly rated public and private schools. Madison Central, a 6-A public school with approximately 1,377 students, is northwest of the subject along Highland Colony Parkway. Madison Central is one of the more notable educational schools in the Jackson Metro Area having received a level 5 accreditation, the highest offered by the Mississippi Accountability System, due to the school’s superior testing scores. Ridgeland High School is located just to the northwest in the immediate area of the subject property with approximately 875 students currently enrolled. Holmes Community College is located in the market area of the subject and the Tulane University Madison Campus is located just north of the subject property along Highway 51.
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