$70 Million Upscale Apartment Development to Rise on Argenta Riverfront
Little Rock, AR (September 12, 2022) - Plans were announced today for a $70 million upscale apartment complex to be located on the east edge of the Rockwater community in Downtown Argenta. The project will include 360 units and will be known as "The Resort at Rockwater". Construction is set to begin immediately and is estimated to be complete by Fall of 2024.
The development is a joint venture of local firms led by Moses Tucker Partners, in conjunction with TerraForma, and Jim Jackson & Lisa Ferrell. Chris Moses, President & CEO of Moses Tucker Partners said, "we are excited to be a part of this residential community that will bring upwards of 500 new residents to downtown North Little Rock. We are also being environmentally conscious to the area, such as protecting the loved magnolia tree on the property." Moses Tucker Partners and TerraForma teamed together to build The Vue on Riverfront apartments just east of the Resort site, which opened in the summer of 2021.
Chris Moses added "this will be an amenity-rich property, unlike any other in Arkansas. In addition to stunning views of the riverfront and downtown Little Rock, the Resort at Rockwater will include 24/7 concierge service, plus feature a resort-style pool, fitness center (with a fitness and yoga coordinator), cycle studio, and smart technology. Each unit will have a unique floor plan with upscale finishes. The unparalleled location fronting the Arkansas River will also feature direct access to the river trail system and Rockwater’s full-service marina. The Resort will have bike, kayak and electric scooter rentals available to residents.” Lisa Ferrell added, “This property will build on the vibrant urban cores of both Little Rock and North Little Rock. The site is within walking distance of Dickey-Stephens Park and Main Street Argenta."
Moses Tucker Partners has successfully developed over $300 million of multi-family and mixed-use projects in the downtown Little Rock and North Little Rock market. TerraForma, a local development firm, also has a rich history of development success in Little Rock and North Little Rock, with a wide range of projects including the $36 million Vue development. Jackson & Ferrell’s projects have attracted over $120 million of investment to the North Little Rock riverfront resulting in over 800 new residents.
In addition to the above-mentioned development companies, the project team includes Central Construction Group, WDD Architects, Thomas Engineering, and Ecological Design Group. Construction financing is being provided by Simmons Bank.
For additional information contact Chris Moses at email@example.com or 501.376.6555.