Developers Want Delay of AMR Arbitration Payment

Developers Want Delay of AMR Arbitration Payment
Scott Reed at the relaunch of K Lofts in 2013. (Mauren Kennedy)

Did you know the Main Street Lofts developers are trying to slow a judicial ruling on an unfavorable arbitration outcome?

Little Rock’s AMR Construction LLC received an $896,756 award for unpaid work on the unfinished three-building, 125,000-SF redevelopment at 510-524 Main St.

AMR filed a motion to have that March 31 award confirmed in Pulaski County Circuit Court, which would open the doors on efforts to collect money.

But Main Street Lofts LLC and Main Street Lofts South LLC filed a motion to deny or defer making a ruling on the binding arbitration award.

The general contractor pulled workers off the job a year ago after the ownership group failed to come up with money to keep the over-budget, behind-schedule project moving.

You might recall that both limited liability companies are led by general manager Scott Reed, the 0-for-3 Little Rock developer who calls Portland, Oregon, home.