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Allen Engstrom Plans Mixed-Use Development in ArgentaLock Icon

1 min read

When we saw in Real Deals that Allen Engstrom, managing director of CFO Network, had paid $1 million for a 15,070-SF church just north of his office in downtown North Little Rock, we had to ask what he was up to.

It’s a lot.

Engstrom plans to turn the former First Presbyterian Church at 201 W. Fourth St. into a mixed-use development called The Sanctuary at Argenta. With the help of Alan New at Taggart Architects, also of North Little Rock, Engstrom has sketched out ideas for a restaurant, an event venue, offices and co-working space for lease and even room for four townhouses on 0.4-acre of greenspace on the west side of the property.

“I am looking to attract [a] restaurant tenant, people who want to buy a lot and build a townhouse for themselves, potential investors, idea people and other potential tenants for the Sunday school space,” Engstrom told Whispers. “When combined with the properties I already own to the south, we are building a community that comprises a full block and a half. We are going to call it Argenta Commons.”

Engstrom’s neighboring Argenta properties include the E.O. Manees House, an 1895 mansion once home to the Junior League of North Little Rock and now a busy event venue.

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