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Scott Reed Owes Over $35K in Delinquent Property Taxes

2 min read

Unpaid contractors. Incomplete tenant space and apartments.

Add delinquent property taxes to the list of unfinished business in downtown Little Rock for Scott Reed.

The West Coast real estate adviser with historic re-development aspirations owes a combined $35,546 on four Main Street buildings.

The biggest tab is $14,397 owed for 2012-13 taxes plus penalty and interest on the 62,688-SF M.M. Cohn Building at 510 Main St.

The other two pieces of the stalled Main Street Lofts project?

$6,590 is owed for 2013 taxes on the 41,816-SF Arkansas Building at 524 Main St., and $5,092 is owed on the 21,000-SF Arkansas Annex at 514 Main St.

Two blocks north, K Lofts at 315 Main St. is home to a delinquent 2013 property tax bill of $9,467.

You might recall that Little Rock’s AMR Construction has a $1.2 million lien for unpaid work on Reed’s unfinished, way-behind-schedule Main Street Lofts.

AMR also has a $175,900 lien on Reed’s five-years-and-counting K Lofts project that has gone dormant again.

Fleming Structural is five months away from having its day in court regarding a $182,475 claim for unpaid project management services on Main Street Lofts.

Lien News

Meanwhile at 500 Main St., a $95,767 lien claim on the Boyle Building was resolved.

One Group Design-AK Inc. of Dallas released its March lien earlier this month for unpaid concept and design work to convert the 12-story office building into an Aloft Hotel.

One Group’s money dispute was with Chi Hotel Group LLC, led by Jacob Chi. That historic redevelopment is idling as well.

Some report the snafued Main Street Lofts project has prompted the halt and the Aloft deal won’t restart until that neighboring redevelopment regains momentum.

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