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bchris02

Riverdale area

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Even so, it's hard for me to believe the numbers on leasing to ServiceMaster vs. contributing the land to a redevelopment wouldn't be vastly superior in the latter. 
I've also noticed the Riviera Condos are basically empty - looks like two or three at most lit up at night. I wonder how long until that investor has to convert those to rentals? The demand for rentals would undoubtedly be high there, but it's tough to sell a condo for $250k when you can get a decent house for that in the market. 

The Riviera is plagued by several factors, one being that the “improvements” are terribly designed and two, the floor-floor height in that building is extremely low from what I hear, discouraging would-be tenants (they should have considered creating some 2-story units to open up the floors). A tragic combo.


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2 minutes ago, Architect said:


The Riviera is plagued by several factors, one being that the “improvements” are terribly designed and two, the floor-floor height in that building is extremely low from what I hear, discouraging would-be tenants (they should have considered creating some 2-story units to open up the floors). A tragic combo.


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Interesting. I had never been inside, but that makes more sense. 

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Riverdale's former Dixie Cafe restaurant building (as opposed to the Dixie Restaurants office) appears to be nearing a sale, after just around a month of vacancy.  A "Sale Pending" rider can now be seen on the for-lease sign situated at the entrance.

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So much for talk of a pending sale. I searched LoopNet for the Riverdale Dixie Cafe restaurant building this morning, after noticing the Colliers sign removed from the property earlier this week. The building is officially off the market for now. It had been listed at $1,425,000, valued less than the forthcoming Starbucks on the old Shogun site (with its lease good through 2028).

Meanwhile to the east, it looks like some dirt is being moved around again on the old Doublebee's site. Perhaps construction will finally begin on that?

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21 minutes ago, ArkansasTraveler said:

So much for talk of a pending sale. I searched LoopNet for the Riverdale Dixie Cafe restaurant building this morning, after noticing the Colliers sign removed from the property earlier this week. The building is officially off the market for now. It had been listed at $1,425,000, valued less than the forthcoming Starbucks on the old Shogun site (with its lease good through 2028).

Meanwhile to the east, it looks like some dirt is being moved around again on the old Doublebee's site. Perhaps construction will finally begin on that?

Might that just mean that the building is now sold?

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12 minutes ago, Architect said:

Might that just mean that the building is now sold?

We'll see. Nothing shows up yet when searching for the address in real estate transactions in Pulaski County through May 4 of this year, the most recently released date.

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2 minutes ago, ArkansasTraveler said:

We'll see. Nothing shows up yet when searching for the address in real estate transactions in Pulaski County through May 4 of this year, the most recently released date.

It was sold

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41 minutes ago, laketrout said:

I believe a bank branch will replace the Dixie Cafe building.

That's FANTASTIC!  This city needs more branch banks.  :-|

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18 hours ago, laketrout said:

I believe a bank branch will replace the Dixie Cafe building.

I'm hoping this was a bit of humor.  I'm expecting that to be the case because what this town needs is yet another bank.  

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19 minutes ago, Arkanzin said:

I'm hoping this was a bit of humor.  I'm expecting that to be the case because what this town needs is yet another bank.  

Humor and/or sarcasm!

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Anyone know what is going in on Cantrell where the Japanese restaurant Shogun was?

Starbucks. By my estimation, expect a late October opening. Also, they've signed up for a 10-year lease.

 

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It's a very nice store.  The menu board is interesting.  It only lists grande sized beverages and few beverages at that.   All the usual Starbucks drinks are available.  You just don't know the price or calories of any beverages other than the grande-sized ones.  

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Domino's opened yesterday at the former EZ Mart at Cedar Hill and Rebsamen Park. It's nice to have all four corners of the intersection occupied again.

The new Doublebee's at Cantrell and Riverfront also looks like it's progressing well, and could be on track to open by January.

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Centennial Bank will indeed go where the Riverdale Dixie Cafe building is currently located, but that's not the plan for the former Dixie Cafe at Rodney Parham and I-430. In that location, an Indian/Pakistani restaurant — Mehfil Indo-Pak Cuisine — is slated to open, if it hasn't already. Jaime Dunaway reported for the Democrat-Gazette back in October that the initial plan was to open in the space by November 15.

Edited by ArkansasTraveler
Correcting attribution of report

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On 12/11/2018 at 12:36 PM, ArkansasTraveler said:

Centennial Bank will indeed go where the Riverdale Dixie Cafe building is currently located, but that's not the plan for the former Dixie Cafe at Rodney Parham and I-430. In that location, an Indian/Pakistani restaurant — Mehfil Indo-Pak Cuisine — is slated to open, if it hasn't already. Jaime Dunaway reported for the Democrat-Gazette back in October that the initial plan was to open in the space by November 15.

Oops!  I misread.  I thought I was in the Riverdale thread.  

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Gadzooks... After a fairly depressing string of closures in the Riverdale area, it looks as if 2019 is going with gusto in the opposite direction! KATV will be leaving downtown for the commercial building immediately south of River Park Apartments, currently the Arkansas Student Loan Guarantee Foundation building, at the corner of Turtle Creek Lane and Riverfront Drive. 

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Somewhat on the heels of the Arkansas Arts Center announcing its temporary move to the neighborhood's former grocery store, the owner of the whole shopping center has now bought the 17.6 acres on which it sits. Arkansas Business indicates that the transaction better orients the 36-year-old Riverdale Center toward redevelopment, a notion that may come more sharply into focus once AAC is open and Centennial Bank shifts away from its current site to the Dixie Cafe site.

Heading around the corner to Rebsamen Park Road, for those who may have missed it, the folks behind downtown's popular Three Fold restaurant are in the nascent stages of redeveloping the longtime Marshall Clements property into an "8,000 square foot space that has room for food preservation, pastry preparation, pickling, a restaurant and more" (including a sake brewery), as Arkansas Money & Politics reported back in April. Completion of the project may happen close to when AAC exits its temporary home.

Further up the road, it looks like KATV might not be so quick to move into Riverdale after all, as plans for a new broadcast tower have been curtailed.

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Arkansas Business is reporting potential new development of the former Cajun's Wharf building, possibly as soon as November.  Like Cajun's, the plan is to use the neighborhood landmark as a restaurant and entertainment venue.

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1 hour ago, ArkansasTraveler said:

Arkansas Business is reporting potential new development of the former Cajun's Wharf building, possibly as soon as November.  Like Cajun's, the plan is to use the neighborhood landmark as a restaurant and entertainment venue.

I’ve posted this under the Restaurant Development in Little Rock discussion thread. Maybe a  venue similar to Cajun’s would open in that spot. Just hope it’s something unique like Cajun’s was and not just a Mexican restaurant.

Edited by ecity3138

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