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Argenta Square opens in NLR. (Inside Business).



A 56-unit apartment complex and the renovated historic Hodge-Cook House in the downtown Argenta district of North Little Rock officially opened last week. The facilities at Seventh and Maple streets will house moderate- to middle-income families.

The $5 million project was a partnership between the Argenta Community Development Corp. of North Little Rock, the Vanadis Development Group of Little Rock as contractor and Arkansas Development Finance Authority.

Fifteen units already have been rented.

Eighty percent of the apartments will be rented at a discounted rate, geared toward those families who meet certain income guidelines, such as $29,820 for a family of four. Two-bedroom apartments, which are 809-899 SF, cost $545 a month at the affordable rate. The market-rate for a two-bedroom is $610-$665.

The Argenta Square project is the latest in the city's effort to revitalize re·vi·tal·ize  
tr.v. re·vi·tal·ized, re·vi·tal·iz·ing, re·vi·tal·iz·es
To impart new life or vigor to: plans to revitalize inner-city neighborhoods; tried to revitalize a flagging economy.
 downtown and resuscitate re·sus·ci·tate
v.
To restore consciousness, vigor, or life to.
 residential neighborhoods that once were crime infested in·fest  
tr.v. in·fest·ed, in·fest·ing, in·fests
1. To inhabit or overrun in numbers or quantities large enough to be harmful, threatening, or obnoxious:
 and riddled with burned-out houses.

"It's not really revitalization re·vi·tal·ize  
tr.v. re·vi·tal·ized, re·vi·tal·iz·ing, re·vi·tal·iz·es
To impart new life or vigor to: plans to revitalize inner-city neighborhoods; tried to revitalize a flagging economy.
; we're actually building a brand new city downtown," said North Little Rock Mayor Patrick Henry Hays Henry ("Harry") Hay (born circa 1890 -1900) was an Australian freestyle swimmer of the 1920s, who won a silver medal in the 4x200m freestyle relay at the 1920 Summer Olympics in Antwerp. He later enjoyed success as a swimming coach, guiding Boy Charlton to Olympic gold. .
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Title Annotation:apartment complex in North Little Rock
Comment:Argenta Square opens in NLR. (Inside Business).(apartment complex in North Little Rock)
Author:Stogner, Alicia
Publication:Arkansas Business
Geographic Code:1U7AR
Date:Dec 23, 2002
Words:173
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