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New office building.

New Office Building

Plans for a $1.2 million development in Little Rock's Riverdale area are becoming more definitive with the construction of a 13,000-SF office building slated to begin in January.

The players to date are Bailey Corp., which is developing the two-story structure dubbed the Cottondale Building, and Thomas Harding Construction Co., the general contractor for this project.

Both firms will have a piece of the ownership action, but others may join in before all is said and done. Both companies will also relocate from existing quarters to occupy space on the second floor of the new building.

Bailey Corp. and its various affiliates will move from the Riverside Building to take 3,000 SF, and Thomas Harding Construction will migrate from its Hillcrest locale to occupy 2,100 SF.

Who has the remaining 1,400 SF? Those in the know are keeping their lips sealed for now.

Word has it an anchor tenant/partner, who will take up most if not all of the first floor, is close to signing on. The unidentified entity will be moving from within the market.

The project architect is AMR Architects, which also handled the design chores for the nearby Riverside and Edgewater buildings.

Bailey Corp. bought the 1.06-acre tract along the Arkansas River in June for $180,000 ($3.87 per SF as reported in "Real Deals" Sept. 24).

PHOTO : COTTONDALE RENDERING: The Cottondale Building should begin taking shape in early 1991. The 13,000-SF office building will become the latest addition to the Riverdale office market. AMR Real Estate, the leasing agent for the project, has commitments for more than 50 percent of the space.
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Title Annotation:RealDeals; Bailey Corp.; Thomas Harding Construction Co.; Cottondale Building in Riverdale, Little Rock, Arkansas
Author:Waldon, George
Publication:Arkansas Business
Date:Oct 29, 1990
Previous Article:A new Eclipse?
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