Monday, July 11, 2016

Legal battle rolls on for Main Street lofts project

Posted By on Mon, Jul 11, 2016 at 11:51 AM

click to enlarge FORECLOSURE SUIT: More legal action involving this incomplete lofts project on Main Street.
  • FORECLOSURE SUIT: More legal action involving this incomplete lofts project on Main Street.
Arkansas Business reports on a foreclosure suit filed by AMR Construction against Oregon developer Scott Reed's K Lofts projects, six years in the making and still not completed at 315 Main Street.

The lofts are all but completed but unoccupied, one of many of Reed's dreams of downtown development that have dissipated.

The AB link gives you the legal nitty gritty. The bottom line seems to be that until the property can be taken over by someone with the wherewithal to complete the work, it will remain a mostly empty onlooker (there is a groundfloor club) to a stretch of Main that is perking right along, with what will soon be a string of four restaurants across the street in  a redone office building full of state offices, a spiffy new home for the CJRW ad/PR firm at Thrid and Main and, before long, the long-awaited development of commercial space for tech entrepreneurs in the city-financed Tech Park.

Tags: , , , , , ,

Favorite

Speaking of...

Comments

Showing 1-1 of 1

Add a comment

 
Subscribe to this thread:
Showing 1-1 of 1

Add a comment

More by Max Brantley

Readers also liked…

Most Shared

Visit Arkansas

Indian Rock House at Fairfield Bay

Indian Rock House at Fairfield Bay

Winter is the perfect time to explore the natural stone shelters where native Arkansans once lived

Most Viewed

  • Poore announces school closure plans in Little Rock

    With a healthy number of unhappy school district residents on hand, Little Rock School Superintendent Michael Poore announced today his plans for closure of school facilities said to be required to balance the budget as state desegregation aid ends and enrollment drops with movement of students to charter and other schools.
  • Obama commutes Chelsea Manning's sentence

    President Obama included the shortening of the 35-year sentence given Chelsea Manning for delivering classified U.S. information to WikiLeaks, including video of a U.S. helicopter attack on Iraqi civilians.
  • Bill for healthy food stamp purchases approved in committee

    Republican Rep. Mary Bentley got House Public Health Committee approval today for her HB 1035 to prevent use of food stamps for purchase of unhealthy food, a measure likely to prevent use of the supplemental nutrition benefit for soft drinks, candy and the like.
  • Donald Trump's insurance plan: Miracle worker or fool?

    Ernest Dumas writes of hope that Donald Trump IS a miracle workers. What if he really could deliver universal health insurance at lower cost?
  • Tuesday's open line and the news roundup

    Here's the open line and a roundup of news and comment.

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation