CONWAY, Ark. (KTHV) - Conway Downtown Partnership announced three new projects for downtown Conway before a crowd of 200 area business leaders and downtown stakeholders.
Renovations will be done on the Metro Square and the Flats at Metro Square, owned by Salter Properties. North Front Street of Covington Companies will be redeveloped, and the Earl Rogers building of Ross Crain Investments will also be renovated.
Once the renovation is completed, 12,000 square feet of office space will be available for lease. Regions Bank will remain the anchor tenant. The Flats at Metro Square will be a new construction multi-family development of more than 60 units.
"The property almost encompasses the whole block. We're going to give the buildings a contemporary feel. The Flats at Metro Square will be very contemporary, very downtown, very urban," said Brent Salter, VP of Salter Properties
When fully built, the mixed-use development will include five buildings on 6.5 acres on the north end of Front Street. The parcel will be bound by Front, Mill and Smith Streets.
"This piece of property is our home. When I was born, I was brought to 1132 Front Street. This property is special. If this is not something my grandkids will talk about then it's not a project I want to do," said George E. Covington Sr. Chairman, Covington Companies
Renovation of 8,000 square foot Earl Rogers Building at the intersection of Oak and Van Ronkle Streets will take place. The building is adjacent the Earl Rogers Plaza currently under construction. Plans include dining/entertainment space as well as rooftop seating overlooking the plaza.
"Our goal is to bring something into downtown that's not there yet. We can have a really nice destination downtown where there are restaurants, people can live there, some great retail," said Todd Ross of Ross Crain Investments.
Executive Director of the Conway Downtown Partnership, Kim Williams says that the combined projects represent the largest investment made in downtown Conway to date. "These projects represent the best in place making," said Williams. "They will only build on the success downtown Conway has had over the last decade."
The renovations of the Earl Rogers and Regions Bank buildings are already underway. The Covington development is expected to break ground in 2014.