Tommy Hodges Brings Life to Dormant Mall Site with Gateway Town Center

by George Waldon  on Monday, Aug. 13, 2012 12:00 am  

Otter Creek developer Tommy Hodges gets Gateway Town Center moving with two retail deals. [Photo by Jason Burt]

"It was a grand dream and has taken far longer to develop than anyone thought. But now the dominoes have fallen, and it will be a bright spot in Little Rock."

Robinson, president of NAI Dan Robinson & Associates, was a small investor in the original Otter Creek limited partnership formed in 1971 but no longer has an interest in the property.

"Only emotionally," he said. "I have a lot of pride in it, and I'm tickled to see the progress."

Hodges led the 2002 effort to buy and expand the original 120-acre Otter Creek Mall site in deals totaling more than $2.4 million.

The land was assembled from Canadian Pacific Properties Inc. of Alberta, Calgary, $1.46 million; Otter Creek Development Co. LLC, led by Robert McGinnis and Byron Eiseman, $784,000; Cynthia Keaton, $143,000; and Jennifer Mae Kochtitzky Trust No. 2, $81,390.

Infighting among partners, competitive developments in the market and economic downturns combined to keep the Otter Creek Mall site vacant for all these years.

"There's been more stops and starts to Otter Creek Mall probably than any other commercial project in Little Rock," Robinson said. "There's always been something that screwed it up.

 

 

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