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Ward-Heiskell update.

Ward-Heiskell Update

The sale of a historic property in downtown Little Rock (first mentioned in "Real Deals" Oct. 15) closed on Friday, Nov. 9 at $250,000.

Tom and Jane Lovett are the proud new owners of the 105-year-old Ward-Heiskell House, located on the northwest corner of 2nd and Chester in downtown Little Rock.

"We've been doing the same mental gymnastics that a lot of downtown businesses have about whether to relocate out west or not," Tom Lovett reports. "But we believe in downtown Little Rock."

The two-story house will be spruced up and become home for the Lovett Law Firm, which will move its offices in April from 2,500 SF on the first floor of the Riley Building at 620 W. 3rd.

Ann Heaston Architects in Little Rock is handling the design work for Lovett's adaptive re-use project. First Commercial Bank is financing the deal, which will approach $325,000 in acquisition costs and remodeling/renovation expenditures. The contract hasn't been put out for bid yet.

Four law offices will be quartered upstairs in the house with two offices, reception area, library and conference room downstairs. Plans call for an 11-slot parking lot that will have access to Chester and the alley. The pavement will replace a couple of dilapidated outbuildings and work around the residential amenities of the property.

"We don't want to loose any of those great old trees, and we want to preserve as much existing green space as possible," Tom Lovett remarks.

As previously reported, the 4,137-SF house has been owned by the Fred Heiskell family since 1913. Heiskell was the managing editor of the Arkansas Gazette and brother of Gazette editor J.N. Heiskell. Zeb Ward Sr. built the home along with five other homes on the block. Ward leased the state penitentiary and served as the prison warden.

The sellers are the Fred H. Harrison Trust and Ellen H. Dickens Trust.

PHOTO : HISTORIC HOME SALE: The 105-year-old Ward-Heiskell house will become the new home of the Lovett Law Firm. The adaptive re-use project could run as high as $325,000 including the purchase price of $250,000. The buyer's agent is Linda Faulkner of Flake, Tabor, Tucker, Wells and Kelley. The seller's agent is Larry Lichty of LEL Enterprises.
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Title Annotation:RealDeals; 105-year-old 4,137-SF house owned by the Fred Heiskell family in downtown Little Rock
Author:Waldon, George
Publication:Arkansas Business
Date:Nov 19, 1990
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