Little Rock’s Breckenridge Village is under new ownership. KBK-Breck LLC purchased the Little Rock shopping center known as Breckenridge Village, located at Rodney Parham Road and Interstate 430 in Little Rock, as of May 12. The ownership group is comprised of The Kelley Group, the Keet Family, Dale V. “Bo” Briggs, the Bodnar Group out of Nashville and others. Relyance Bank and First Financial Bank provided the financing for the acquisition.
“Relyance Bank, along with Chris Johnson and First Financial Bank, is proud to partner with the Keet family and other group members on this exciting new venture,” said David Straessle, president of Relyance Bank. “The new development plans of Breckenridge Village will most certainly add to and strengthen the ongoing revitalization of the Rodney Parham corridor.”
The Kelley Group will be the property manager for the center.
“The group intends to bring back the glory days of Breckenridge and revitalize it with a diverse combination of restaurants and other retail spaces,” said Jim Keet, Chairman of JTJ Restaurants, LLC. “At least four restaurants with various cuisines will be a part of the new plan for the center.”
Sources said engineering, redesign and landscaping plans are already in the works. The group plans to redo the exterior, add new landscaping and signage, and feature new entrances with distinct architectural features. The design will reportedly feature a new courtyard with amphitheater-style seating.
“I’m excited to have the opportunity to invest with experienced restaurateurs that understand the food and entertainment business. They can help guide us in the redevelopment of this property,” said Hank Kelley of The Kelley Group. “To serve the region, there is no better location in Central Arkansas than the 11 acres at the southeast corner of Rodney Parham and Interstate 430.”
The project will entail a multi-million dollar renovation that developers hope will make Breckenridge one of the most unique and desirable destinations in the state. The future name and tenants will be unveiled at a later date.
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