Portion of Former Conway Airport Bought for Future Fountaine Bleu


Apartment land in Conway, an office-warehouse project in North Little Rock and foreclosed property dominated by Little Rock addresses form this week’s trio of million-dollar deals.

► Conway Development Corp., led by Brad Lacy, sold nearly 10.4 acres at the northeast corner of Ingram and Bruce streets in Conway for almost $1.4 million.

Buyer: King Air FBC LLC, led by John Burkhalter. The land buy marks the first phase of the planned 18.7-acre Fountaine Bleau development to house 339 luxury apartments.

► PKW Group Inc., led by Phil Whisenhunt, purchased the 24,200-SF office-warehouse complex at 27-29 Maumelle Curve Court in North Little Rock for $1.1 million.

Seller? Smith Building Investment LLC, led by Richard H. Smith.

► First Community Bank of Eastern Arkansas recovered seven properties from Ron Lazenby’s RWL Investments LLC Rock in a $1.1 million foreclosure sale.

The properties are highlighted by the famed Villa Marre at 1321 Scott St. in downtown Little Rock and an adjoining 2,247-SF house at 1315 Scott St. Others include an eight-unit apartment project at 103 42nd Place in North Little Rock, a 16,670-SF retail project at 5307 Mabelvale Pike and two small neighboring projects at 5405 and 5409 Geyer Springs Road.