Maple Street Townhomes Update

Out with the old and in with the new; The Maple Street Townhomes are coming! These two pictures were taken from the same vantage on 5th street between Main and Maple, looking south. The top picture was taken last Sunday, April 13th. The bottom picture, I took this afternoon, April 15th. In the foreground is the man demolishing the old house that stood on the site. In the distance is the first Maple Street Townhome rising on that site. Way back there are the buildings of downtown Little Rock. As you can see this project is on the fast track.

I am all for this development. While I know for sure there are plenty of people who think this is folly, I also know for sure from my experience providing painting services for all types of people that this project would not now be arising if there existed no demand. You can link to this project's web site through my link to the Argenta Blog. I hear four units have been sold so far.

People from many demographics will be attracted here, but where I've seen the need is with the folks in transition from a large life in a large home, to a place like these. Out in the Suburbs there are several Townhome and Patio home communities, and for people with the need and the means, the choices are limited. A good real estate agent could probably show a client the available properties in a couple of days. What I heard a few years back when I did a lot of work in this demographic, was that they wished there were places like this closer to town. Well here they are, Pilgrim.These properties fill a specific niche. The empty-nesters may well find what they are looking for here, for those decades they still have, prior to moving into the more secure retirement centers.

The Townhomes should be good investments. They will be very well built. The price per square foot are not out of line with comparable units elsewhere, and, this is speculative, they should appreciate at a more favorable rate than in the suburbs on account of the location. Some of the best dining and entertainment anywhere in town are within easy walking distance or pleasant trolley ride from their front doors. The way to the airport is short and easy as well. This place is exciting and this neighborhood was here long before the suburbs, so it is well aged, like a fine wine. Cheers!