LITTLE ROCK — A real estate consulting firm announced Wednesday its recommendation for a site for a planned technology park in downtown Little Rock.
ARK Commercial and Investment Real Estate said it recommended that the Little Rock Technology Park Authority Board acquire for the park the half-blocks on the west and east sides of the 400 block of Main Street, the half-block on the west side of the 400 block of Scott Street, a parking lot at the northeast corner of Main and Fourth streets, and a parking lot on the east side of the 400 block of Scott Street.
“After months of searching the area, we are confident this site offers the largest feasible group of available properties on Main Street that is nearest to Markham Street, President Clinton Avenue and the downtown resurgence that springs from the River Market,” Jeff Yates, ARK’s managing partner, stated in a news release. “This is a prime location to harness the growing energy from an area that is emerging as a downtown center for both entertainment and commerce.”
Yates said that if the board approves the recommendation, ARK will complete the work of estimating costs and negotiating acquisition of the properties.
The Little Rock Technology Park Authority has been looking for a location for the technology park since 2011. In October its board voted to locate the park somewhere along the downtown Main Street corridor but left it up to Yates to find the most suitable spot.