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LITTLE ROCK, Ark. (KTHV) - For the first time in 35 years, a brand new multi-story apartment building will be constructed in downtown Little Rock.
The building is called Macarthur Commons and will be built on the site of the former Arkla Gas Headquarters.
Moses Tucker Real Estate will manage the 96 unit complex. "The rental market, younger market, less expensive units but still nice, that's a product that still doesn't exist today downtown and so we feel like the time is right to deliver that to the market," said Moses Tucker co-founder Jimmy Moses. "It's just another phase of the continuing development of the downtown area."
Studio rentals will begin at $650 per month according to Moses. The building will have a pool, fitness center, and balconies with every unit. "Most of all it's a convenience to be close to everything that is downtown and the river market itself," Moses added. "It's just critical that we continue to add supply to the market because the demand is very strong for it."
Over the past ten years, Moses Tucker has opened more than 500 new apartments and condos, and this new project will get them closer to their goal of adding 1,000 units downtown. It's a huge catalyst for bringing young professionals to Little Rock, according to former mayor and Little Rock Downtown Partnership Executive Director Sharon Priest. "Being able to live where you work is very important to a lot of people," she told THV. "The trends are that (creatives) like to be able to walk to whatever they want to do. They're more environmentally conscious and it just fits in much better with their lifestyle."
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home section Interior Design Housekeeping Entertaining Home Improvement Gardening & Plants Landscaping eHow Home & Garden Building & Remodeling Building Designs Types of Building Constructions
Marjorie Gilbert
Marjorie Gilbert is a freelance writer and published author. An avid researcher, Gilbert has created an Empire gown (circa 1795 to 1805) from scratch, including drafting the gown's patterns by hand.
Buildings are classified by type of construction--literally how the building is constructed as dictated by the International Building Code. The classification takes into account a very important aspect: how well the building resists fire. As might be expected, thanks to the many materials from which a building is made, there is a wide range of classes within this classification.
The Type I-A building construction produces a building that has exterior walls and a structural frame that are able to withstand fire up to three hours. Both the floor and the ceiling need to resist fire for two hours, while the roof should resist fire up to one and a half hours. Buildings that fall within this type are often high-rise structures. The main difference between the Type I-A and B is that the Type I-B building has exterior walls and a structural frame that only has to resist fire for two hours, rather than the three hours of the Type I-A.
The Type II-A building is considered one that is protected and non-combustible, and often includes newer schools. These buildings have exterior walls, structural frames and a ceiling, roof and floor that should last up to one hour. The main difference between the Type II-A and Type II-B building is that while the II-B building is made from non-combustible materials, it has no fire resistance to speak of. Most commercial buildings fall within this construction type.
The Type III-A building construction includes buildings that have walls of brick or even block, and can have wooden roofs. For these buildings, the exterior walls should last up to two hours while the rest of the building should last up to an hour. Warehouses that have brick or block exterior walls fall into the Type III-B category, and can last up to two hours; the rest of the building has no fire protection whatsoever.
Type IV actually stands alone in this type of building construction. This category includes what is termed heavy timber, because each of the timbers used must be at least 8 inches around or more. This type of construction is often used for mills, and their exterior walls should last for two hours while the structural frame should last for one. The floor, ceiling and roof have no rating, but each should be constructed of the heavy timber.
This is the last in the types of building construction. Type V-A buildings are constructed of wood that is considered protected in that the exterior walls, the structural frame, roof, floor and ceiling should all last for up to an hour. The caveat is that there needs to be no exposed wood inside the structure. Most of the buildings that fall into this category are apartment buildings that have been built more recently. Type V-B includes most wooden houses that are single-family as well as garages. These buildings are considered unprotected, as there is often exposed wood inside the structures. They also have no fire protection.
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Posted: 11:35 am
New Mexicos popular tax credits to promote green building appear to be heading into their final year of availability for residential construction despite being renewed through the end of 2016.
Demand for the Sustainable Building Tax Credit program, which is administered by the Energy, Minerals and Natural Resources Department, has been so strong that the residential allotment for the 2014 tax year is long gone. The 2015 allotment is currently being distributed.
We will probably start issuing residential tax credits before the spring equinox (March 20) for tax credit 2016, the last authorized tax year for the program, said Ken Hughes of the departments energy conservation and management division.
The current pace of demand for the residential credits points to them being used up by the end of this year.
The residential tax credits are available for the construction of detached single-family homes and require certification through either the Build Green New Mexico or the Leadership in Energy and Environmental Design programs.
Introduced in 2007, tax credits were set to expire at the end of 2013 but were extended through 2016.
The extension by the state Legislature reduced the total amount of residential credits from $5 million a year to $4 million this year, Hughes said. In addition, apartment construction was shifted from the residential category to the commercial tax credit category.
The extension also reduced the total amount of tax credits for commercial construction from $5 million to $1 million this year. Demand for the commercial tax credits has been weak two-thirds of the 2013 allotment are still available due to the sluggish economy.
As a general rule, homebuilders pass along most or all of their cost savings from the tax credits to homebuyers.
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Green building credits going fast
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Good things come to those who wait. The next owners of a Colonial farmhouse at 1170 Hulls Farm Road will have to travel up a half-mile-long driveway to get to the 6,449-square-foot residence. But it's worth that wait.
The country estate at the end of that driveway in the Southport area offers peace and privacy in a bucolic setting that includes a large, open meadow and woodlands. It feels like being in a rural place far away from civilization, and yet commercial outlets located about a mile away in the nearby eastern end of Westport -- a distance only twice the length of the property's driveway.
The property is also convenient to Southport Village, the Southport Railroad Station and Interstate 95.
Originally built in 1979 and completely rebuilt in 2002, this house retains the feel of an old farmhouse. It is an architectural achievement that effortlessly blends the charm of the original New England homesteads with the polish of today's new construction. Together, they create one of Fairfield County's finest estates, and one that enjoys significant tax benefits because of its size.
There are few properties in town that encompass more than 20 acres, but in this neighborhood, there are two. The level property has 20.97 acres and the next-door neighbor has 21.33 acres, which adds to the privacy. On the other side, the privacy veil is provided by Sasco Creek and protected land owned by the Aspetuck Land Trust.
That neighbor, years ago, was famed Broadway composer Richard Rogers, whose property is called Rock Meadow. This property is named Deer Meadow.
In addition to the tranquil views of a meadow, which is enclosed with split-rail fencing and could be a horse property, the estate contains numerous amenities. Because of its location, the house was constructed to maximize indoor and outdoor living in all seasons. There are several bluestone patios and terraces, all of which can be accessed from various rooms throughout the sprawling house.
One of the patios contains an outdoor kitchen with a built-in grill and provides easy access to the free-form, saltwater, in-ground swimming pool. The wing of the house closest to the pool has a full bath, gym and sauna.
According to the current owners the house is so comfortable and inviting that often during snowstorms friends cross-country ski to their house and spend the night. There is ample room for guests. The main house has six bedrooms and there is also a guest house.
Right from the front entrance, the house feels inviting. Visitors enter through an 1850 front door with decorative sidelights and transom. The floor in the foyer is English limestone.
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On the market: Comfort, privacy encompassed in country estate
