Posted 8/15/2005 12:00 am
Updated 1 year ago
During the next 30-60 days, JC Penney is expected to stay with/go from the Shackleford Crossing project planned for the Summit Mall site in west Little Rock.
The decision depends on whether the would-be developers, a joint venture between Little Rock’s Clary Development Corp. and Little Rock businessman Leonard Boen, can get their ducks in a row.
You might recall that Clary/Boen have optioned the 97-acre location at the southwest corner of Interstate 430 and Shackleford Road.
For now, the property remains owned by a joint venture between Simon Property Group Inc. of Indianapolis and Dillard’s Inc. of Little Rock.
If Penney’s exits the picture at Shackleford Crossing, some believe the retailer will return to the development picture at The Village at Brodie Creek.
The Ashley Co. of North Little Rock is the proponent of this 500,000-SF retaill center, planned for an 87.6-acre site at the northwest corner of Interstate 430 and Col. Glenn Road.