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Signature Life update.

Signature Life Update

What's going on with the proposed Signature Life project at Chester and LaHarpe in downtown Little Rock?

The building has been down-scaled by 50 percent to a 5,000-SF one-story structure, and construction bids should be let in January. A contractor should be chosen in time for a March kick-off date. Allison Moses Redden is handling the architecture work for the insurance company's new headquarters.

A sluggish leasing market downtown is behind the reworked timetable and revamped plans, according to Frank B. Whitbeck, chairman and president of Signature Life Insurance Co. of America.

"The empty office space put us on hold," reports Whitbeck. "We were waiting for some space to be taken, but unfortunately that didn't happen."

The project will still weigh in around $1 million despite the reduced size. The building specs will include a foundation capable of supporting a future second story, and there is expansion room to the east as well.

Whitbeck assembled the land in two purchases during 1985-86 totaling $288,000. The sellers were the Arkansas Lung Association and Lynxx Limited Inc., led by former high-flying CPA Phillip Lynn Lloyd.
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Title Annotation:RealDeals; Signature Life Insurance Co. of America
Publication:Arkansas Business
Date:Oct 22, 1990
Words:188
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