Conway to get major shopping/living development | Arkansas Blog

Thursday, October 10, 2013

Conway to get major shopping/living development

Posted By on Thu, Oct 10, 2013 at 8:00 AM

click to enlarge DEVELOPMENT SITE: Aerial view of Central Landing.
  • DEVELOPMENT SITE: Aerial view of Central Landing.

Conway
leaders announced this morning a major mixed-use development on 150 acres in central Conway. It will include a shopping center, apartments and offices. Pre-publicity described it as the biggest single development in the city's history.

The Conway Development Corporation is a partner with developer Jim Wilson and Associates of Montgomery, Ala.

Built out, the promoters say it could create $2 billion in sales over 10 years and $34 million in tax collections.

(Note to Little Rock: This is where your sales tax revenue goes.)

It's all to be known as the Central Landing.

(Some will remember Jim Wilson from his effort — unsuccessful — years ago to develop the Summit Mall in Little Rock.)


In 2017, central Arkansas residents will have a new destination for shopping, dining, hotels and much more. Thursday, before a crowd of 200 area business leaders, the Conway Development Corporation and Jim Wilson Associates of Montgomery, Ala., announced plans to develop jointly more than 150 acres of commercial real estate in the heart of Conway, Ark.

Will Wilson, president and CEO of Jim Wilson & Associates, said the project has the potential to solidify Conway’s position as a regional shopping destination, spur redevelopment in aging commercial areas, and contribute new tax revenue and payroll to the local economy. City officials estimate the project will create an additional $2 billion in retail sales and $34 million in additional sales tax collections for the city over a 10-year period.

“Together, with the CDC, we have an exciting new vision for the former airport site,” Wilson said. “We have a 40-year history in the commercial real estate business. It has been perfect preparation for a project just like this one. Conway is a great place, a vibrant town; we see great potential here.”

Conway Development Corporation president Brad Lacy thinks the Conway market is ready for the record-sized project. “For the last several years, Faulkner County has been recognized as one of America’s fastest growing counties for population and job growth. We are already an established, regional product in many ways. Central Landing will give us the setting to offer new amenities, not only to Conway, but central Arkansas.”

A site plan revealed at the announcement featured a lifestyle component anchored by large retail stores and enhanced with specialty stores, restaurants, offices and multifamily properties. The retail phase of the project will be up to 750,000 square feet.

“This project is a once-in-a-lifetime opportunity for our community,” Lacy said. “The scale, quality and variety of development Central Landing brings to Conway will truly set us apart.”      

Tags: , , , , ,

From the ArkTimes store

Favorite

Comments (4)

Showing 1-4 of 4

Add a comment

 
Subscribe to this thread:
Showing 1-4 of 4

Add a comment

More by Max Brantley

  • Trump launches attack on 'SOBs' of the NFL

    Donald Trump led a rally for Alabama Senate candidate Luther Strange Friday night and the resulting news coverage (if not in our local newspaper) is giving great attention for his rant against the NFL, including but not limited to players who have made political statements by taking a knee during the National Anthem.
    • Sep 23, 2017
  • Driver killed in crash with Maumelle officer

    Maumelle police report the death early this morning of a motorist who crashed head-on with a Maumelle police officer. The officer and two passengers in the other vehicle were injured.
    • Sep 23, 2017
  • Walmart lawyer picked for U.S. attorney in western Arkansas

    Donald Trump has nominated Duane "Dak" Kees,  director of global ethics and compliance at Walmart Stores, to be U.S. attorney for the western district of Arkansas. It has been filled on an interim basis by a career lawyer in the office.
    • Sep 22, 2017
  • More »

Readers also liked…

  • Super Bowl line

    Over to you.
    • Feb 7, 2016
  • Auditor Lea caught not telling the truth

    State Auditor Andrea Lea, who began her tenure in statewide office with a degree of competence unseen in some other Republican counterparts (think Treasurer Dennis Milligan particularly), is becoming more deeply mired in a political scandal.
    • Mar 4, 2016
  • Another Republican miracle-working governor

    Great piece in Washington Post on the budget crisis in Louisiana. Big tax cuts and corporate welfare will do that to a state, particularly to a state whose previous governor, Republican Bobby Jindal, refused to join the Obamacare-funded Medicaid expansion. There's a lesson there for Arkansas.
    • Mar 4, 2016

Most Shared

  • ASU to reap $3.69 million from estate of Jim and Wanda Lee Vaughn

    Arkansas State University announced today plans for spending an expected $3.69 million gift in the final distribution of the estate of Jim and Wanda Lee Vaughn, who died in 2013 and 2015 respectively.
  • Bad health care bill, again

    Wait! Postpone tax reform and everything else for a while longer because the Senate is going to try to repeal and replace the Affordable Care Act one more time before September ends and while it can do it with the votes of only 50 senators.
  • Sex on campus

    Look, the Great Campus Rape Crisis was mainly hype all along. What Vice President Joe Biden described as an epidemic of sexual violence sweeping American college campuses in 2011 was vastly overstated.
  • The inadequate legacy of Brown

    LRSD continues to abdicate its responsibility to educate poor black students.

Most Recent Comments

Blogroll

 

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