Cromwell Architects Engineers will host a Wallbreaking Ceremony initiating the renovation of the former Stebbins and Roberts building (Sterling Paint) into their new headquarters. The urban renewal / redevelopment project, which is in partnership with Moses Tucker Real Estate, will also house a restaurant, loft apartments, a rentable community room, and retail space. Construction is scheduled for completion in late Fall 2017.
Chris Moses, President and CEO of Moses Tucker, said, “Partnerships like this are so important to the growth and expansion of Little Rock. Revitalizing downtown Little Rock has always been our mission, and we are excited to see that same passion in Cromwell.”
The ceremony will be Friday, December 16, 2016 at 10:00 AM, and is open to the public. The building is located at the intersection of Sixth and Shall Streets in Little Rock. Cromwell’s Board of Directors and Executive Committee will be available for comments.
Cromwell and Moses Tucker intend for the mixed use property to serve as another catalyst spurring the revitalization of downtown east of I-30. Dan Fowler, COO of Cromwell, explained, “Forty years ago, when we built our building at Markham and Spring Streets, the area was in need of a major redevelopment effort. Our building, along with investments in the Camelot Hotel, Excelsior Hotel & Convention Center, Stephens Building, and Capital Hotel, created a vibrant district within the core of our city. We hope to do the same east of I-30. Redeveloping the former Stebbins and Roberts building into a mixed used community will continue to ignite growth in an emerging area that has been forgotten and disconnected from the rest of downtown for years.”
In addition to bringing several businesses to the properties, over 100 of Cromwell’s employees will join the area’s demographic to stimulate the local market.