The long-awaited Olive Garden is scheduled
to open for dinner on Nov. 20, and T.G.I. Friday's also is
expected to open its doors this month.
Commercial real estate agent Andy
Stetelman said that with few exceptions, nearly every building on
the corridor is occupied, necessitating new construction.
"We've filled up about everything existing
out there that is available," he said, adding that London &
Stetelman Commercial Realtors currently controls between 700,000
and 800,000 square feet of retail space and about 80 undeveloped
acres.
Stetelman said the company is in
negotiations for new development, including the renovation of the
100,000-square-foot former Kmart Supercenter at Westover Crossing.
He said letters of intent have been signed for the store and a new
restaurant, which he declined to name.
Not all businesses moving to U.S. 98 are
new; some are relocating from downtown Hattiesburg.
Mack Grubbs, owner of Mack Grubbs car
dealerships in Columbia and Bogalusa, La., bought the Hyundai
franchise on West Pine Street with the intention of constructing a
new building on property he's owned for years next to Newpointe
shopping center along the highway. His 12,000-square-foot
dealership is expected to open in December.
He cited the high traffic flow as one
reason for the move.
"It's just that the traffic and the
business climate out here is better," he said.
According to Mississippi Department of
Transportation numbers from before Hurricane Katrina, the U.S.
98-Westover intersection gets 61,000 cars per day, making it the
fourth busiest section of U.S. highway in the state.
Developers, said Stetelman, look for those
high-traffic counts.
"98 West has the highest traffic count in
the retail corridor of Hattiesburg," Stetelman said. "And most
retailers want to be in the new vibrant area of town."
A lack of available land parcels in
Hattiesburg's commercial corridor along Pine Street also is
fueling the growth, Stetelman said.
"We have just as much demand in
Hattiesburg and Forrest County," he said. "But we've about
absorbed every bit of property of substantial size in the city of
Hattiesburg; there's only so much you can develop. You have to go
in some direction where the land is available."
Microtel Inns & Suites is taking advantage
of that available land. A 79-room Microtel location is being built
next to Olive Garden. Construction workers have the wooden frames
up and were installing air conditioning Monday.
And as new businesses move to the
high-traffic stretch of highway, existing businesses are
expanding, including Newpointe shopping center and Outback
Storage.
An extra benefit of all this growth is new
jobs. T.G.I. Friday's will, at full capacity, employ between 80
and 90 workers. Hollister Co., one of two new stores expected to
open this month at Turtle Creek Mall, will employ 70, employee
Ashlee Hendry said.
And more new businesses and expansions
could be on the way.
Stetelman said the land is available along
U.S. 98, and he doesn't see an end to the growth in the near
future - development could end in Columbia.
"I think in the next 15, 20 years I
wouldn't doubt that we'll have another regional shopping center,"
he said. "Why not? That's where the land is available."