The Little Rock Tech Park announced its first tenants at a press conference at the Little Rock Chamber of Commerce this morning
Little Rock Technology Park
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‘Comfortable’ with interest in Tech Park leases, board chair says
Interest in leasing space in the Little Rock Technology Park under construction in the 400 block of Main Street is a “comfortable amount” for this stage in the project, Authority board chair Kevin Zaffaroni said today at the board’s monthly meeting. He declined to say how many floors of the first building to open, at 417 Main St., that comfortable amount might include, since no leases are final.
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Another yes for the Wide Misery. UPDATE: Make that two ayes
The Little Rock Technology Park board today endorsed the Arkansas Highway Department’s split-diamond C/D design for Interstate 30 contingent on a change in the design of Capitol.
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Stephens maintains rights to Metrocentre asset
Now that the Stephens properties on Main Street and Fifth have been sold to The Little Rock Technology Park, what is Stephens’ share in the Metrocentre Improvement District assets, I wondered as I wrote yesterday’s item on the potential sale of Henry Moore’s “Large Standing Figure: Knife Edge.”
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Tech Park chair Mary Good to step down
Dr. Mary Good, who has been the chair of the Little Rock Technology Park Authority board since its formation as a nonprofit in 2011, informed UALR Chancellor Joel Anderson in a letter Jan. 20 that she will step down March 15, it was announced at Wednesday’s tech park board meeting. She said she would stay longer, if needed, until her replacement is named.
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Tech park to buy first property on Friday
The Little Rock Technology Park plans to close Friday on its first purchases of real estate: 5 Main Place at Fifth and Main streets, the Annex Building at 417 Main, the Mays Building at 415 Main St., the parking lot between the Mays Building and the KATV-Ch. 7 building (referred to as the Center Theater lot, because that is where the theater stood before Stephens interests had it demolished), the parking lot on the west side of Main between Fourth and Fifth, the old Stephens Inc. offices on Fifth Street, and the Keith parking at Scott and Fifth Street.
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Tech park construction start estimate: March 8
Chad Young, an architect with Wittenberg Deloney and Davidson, presented the firm’s preliminary drawings for the first phase of the Little Rock Tech Park construction: renovation of 42,000 square feet in buildings at 415 and 417 Main St. The presentation included a timeline that should a construction start date of March 8.
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Tech park agrees to terms of $17.5 million from consortium
The Little Rock Technology Park Authority board this afternoon signed off, with one nay vote, on the terms of two loans totaling $17.5 million offered by a consortium of Little Rock banks led by Centennial Bank. The authority board also agreed to extend the deadline for Richard Mays to accept its offer of $845,000 for his building at 415 Main St. to noon Friday. The deadline had been noon today.
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Tech Park: Yes to Mays’ appraisal for Main Street property: Clarification
The Little Rock Technology Park Authority board voted this afternoon to offer Richard Mays $845,000, the sum his appraiser reached for his building at 415 Main St., while concurrently preparing to file a condemnation lawsuit. Mays has until noon Nov. 16 to agree to the offer; otherwise, the board will proceeds with a lawsuit.
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New appraisal on Main: No need for eminent domain?
The Little Rock Technology Park Authority has received an updated appraisal of 415 Main St., a two-story, 10,020-square-foot office building owned by lawyer Richard Mays, that puts its value at $670,000.