Planning Begins on a Future Jewel for Arkansas
The engineering and architectural planning has begun on The Shoppes at North Hills, a 856,000-square-foot shopping destination in North Little Rock that not only will be the largest project of its kind in the state, but one that will offer attractions strong enough to draw visitors from the entire region.
"This will be something special an entertainment-lifestyle center with upscale design and finishes with lush landscaping and statuary," said Bruce Burrow, partner, BelzBurrow. "The city of North Little Rock has joined the effort by agreeing to widen roads and create four-lane right-of-ways. The city also is adding attractive lighting as well as landscaping the islands on adjoining streets."
The 70-acre site will offer parking for 4,837 vehicles.
Phase One of the $65-million project is expected to open in the summer of 2003, with Phase Two scheduled to open in the spring of 2004.
The Shoppes at North Hills will offer outstanding access and visibility with more than one mile of interstate frontage and easy access, including a proposed new exit ramp from Highway 67.
"This is one of the finest regional locations in the Mid-South," said Burrow. "It is at the convergence of two interstates I-30 and I-40 as well as the state's north-south freeway Highway 67. The convergence creates one of the highest traffic counts in the state with about 113,000 cars passing this location every day."
The Shoppes at North Hills will be located just about dead-center of the state, within an hour's drive for almost one million residents.
"Without question, this site has the best strategic location in terms of centrality to market, visibility and accessibility," said Andrew J. Groveman, senior vice president, Belz Enterprises. "When retailers see this site, they can't say no."
"We have not yet announced any of the tenants, but it is certainly easy to understand why everyone is so excited about this project," adds Burrow. "It will be an absolute diamond right in the middle of Arkansas."
Founded in 1990, BelzBurrow holds 13 properties in Jonesboro, Blytheville, Cabot, Jacksonville and Paragould, Arkansas and one in Sikeston Missouri. The partnership between Belz Enterprises and Bruce Burrow successfully combines 50 years of commercial real estate experience with more than 35 years of real estate development expertise and is one of the Mid-South's largest shopping center developers.