Construction Archive

Mike Beebe Names 36 Appointments to Boards, Commissions

by Arkansas Business Staff 3/17/2014 03:08 pm

Gov. Mike Beebe on Monday announced a judicial appointment as well as 36 appointments to state boards and commissions.

Home Prices, Permits Down Across the State in Final Quarter of 2013

by Lee Hogan 3/17/2014 02:49 pm

House prices and single-family building permits were down in most metropolitan statistical areas in Arkansas in the fourth quarter of 2013.

Arkansas Unemployment Rate Falls to 7.3 Percent in January

by Arkansas Business Staff 3/17/2014 09:40 am

Arkansas' unemployment rate fell one-tenth of a percentage point from December to 7.3 percent in January, according to the state Department of Workforce Services.

LR Interstate Property, Nursing Home Both Net $5M+ Buys (Real Deals)

by George Waldon 3/17/2014 12:00 am

A 16-acre commercial site in southwest Little Rock weighed in at $5.8 million. The sale of a 120-bed nursing home in west Little Rock tipped the scales at $5.4 million. And a 6,751-SF office building in Little Rock's Riverdale area rang up a $1 million sale.

State Gets Its First N-Hance Wood Renewal Franchise

by Eric Monson 3/17/2014 12:00 am

Former Miss Arkansas Kimberly Forsyth and her husband, Jared Pitney, recently started the first N-Hance Wood Renewal franchise in Arkansas after researching other methods of wood repair as they bought and renovated houses.

Hot Springs Reconsidered (Editorial)

by Arkansas Business Editors 3/17/2014 12:00 am

Out of a terrible fire has come an opportunity for Hot Springs to recommit to an effort to preserve and enhance the city's great natural and architectural beauty. Now it's up to the city to take advantage of that opportunity, for the benefit of all Arkansans.

Brent Salter: No Mixed Opinions on Where Conway's Next Hot Spot Will Be

by Arkansas Business Staff 3/17/2014 12:00 am

Salter Properties has been a key player in the revitalization of downtown Conway, including the renovation of the old Smith Ford dealership on Front Street.

Downtown Little Rock Marriott Undergoing $16M Renovation

by Jan Cottingham 3/17/2014 12:00 am

The renovation will include all 418 guest rooms and all public meeting and dining spaces and is scheduled for completion in late summer. The hotel will remain open throughout the process.

2013 Sees Rise in Arkansas House Prices

by Arkansas Business Staff 3/17/2014 12:00 am

Home prices in Arkansas rose 0.2 percent in 2013, according to data from the Federal Housing Finance Agency. The rate for the United States as a whole was 7.8 percent.

Majestic Fire Puts Spotlight on Hot Springs' Vacant Buildings

by Luke Jones 3/17/2014 12:00 am

The February fire that destroyed the Majestic Hotel in Hot Springs has focused concerns on two troubling issues facing the resort city's historic downtown: the fire danger posed by other largely vacant properties and the failure of building owners to maintain their properties.

Bentonville Stresses Its Small-Town Feel

by Marty Cook 3/17/2014 12:00 am

A series of new planned developments in Bentonville has planned — or has already been put into action — is adding new life for its downtown area. The Thrive apartments are set to open by the end of this year in what the city calls its Arts District.

Conway Reimagined For $100M And Change

by George Waldon 3/17/2014 12:00 am

Tandem retail projects in Conway are poised to reshape the commercial landscape along Interstate 40. The biggest on the drawing board is Central Landing, a mixed-use redevelopment of the 151-acre municipal airport with a 750,000-SF lifestyle center.

UCA Plans To Reshape Donaghey Avenue

by Mark Friedman 3/17/2014 12:00 am

The University of Central Arkansas in Conway is working on plans to renovate a mile-long section of Donaghey Avenue. The crown jewel of the proposed project is an approximately 68,000-SF, four-story mixed-use building that will feature retail on the ground floor and student housing on floors 2 through 4.

Conway Works on Plan for a New Downtown

by Mark Friedman 3/17/2014 12:00 am

What started as a way to solve a flooding issue in Conway has blossomed into a plan to create a new downtown, covering 28 blocks to be transformed into a mixed-use development that features small businesses, wide sidewalks, public parking, parks, lofts and apartments.

Lakewood Village Ready To Debut New Tenants

by Gwen Moritz 3/17/2014 12:00 am

Lakewood Village is bouncing back nicely from the one-two blow of losing two of its major tenants. In place of USA Drug, which closed in the fall of 2012 after the chain was sold to Walgreen Co., two retailers new to North Little Rock are set to open in the next few weeks: Ulta Beauty and Dress Barn.

Summit Mall Developer Back in Arkansas on Conway Project

by Arkansas Business Staff 3/17/2014 12:00 am

The redevelopment of the Conway airport site (dubbed Central Landing) marks a return to Arkansas after more than two decades for Jim Wilson & Associates of Montgomery, Ala.

New Owners Get Lafayette Building, 10 Condos for $3 Million

by Arkansas Business Staff 3/17/2014 12:00 am

Perhaps you heard that new names entered the ownership picture at downtown Little Rock's Lafayette Square project at 523 Louisiana St.

May Construction Target of New Lawsuit Over 5-Year-Old Projects

by Arkansas Business Staff 3/17/2014 12:00 am

Lewis May, president of dormant May Construction Co., recently was sued by Berkley Regional Insurance Co. of Urbandale, Iowa, to collect nearly $3 million paid out on performance bonds in connection with five construction projects between 2008 and 2009.

$16M Renovation Planned For Downtown Little Rock Marriott

by Arkansas Business Staff 3/14/2014 11:30 am

Downtown's Little Rock Marriott will be undergoing a $16 million renovation, hotel officials announced Friday. The renovation will include all 418 guest rooms and all public meeting and dining spaces and is scheduled for completion in late summer.

Realtors: January Home Sales Up More Than 8 Percent

by Arkansas Business Staff 3/14/2014 09:14 am

The number of homes sold in January was up more than 8 percent over the previous year, the group said, while the average price of those homes rose by more than 1 percent.