Site / Project Name |
1894 City Market (Also known as Ritchie Grocery) |
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Brownfield Site Address |
105 Olive St. Texarkana, AR 71854 |
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Site Owner |
Building Owner is Private, 1894 LLC, David Peavy Manager. Loading Dock area is all city owned property, Texarkana, Arkansas |
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Clear Title |
Yes |
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Owner Contaminator |
No |
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Former Use |
Grocery Warehouse with produce coolers, warehouse area, loading docks, office furniture store |
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Land Use |
Vacant building listed as a historic building by the Park service. Brick facade perimeter, with wood timbers for interior support. Large Doors and windows of the period of 1894. |
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Infrastructure |
Adjoining Two city streets, Olive and Front Streets. Railroad tracks about 150' away. |
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Assessment Level |
Phase 1
A formal Phase 1 is being scheduled now. An Environmental company did a pre-buy survey |
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Contaminants |
Asbestos in the cooler ceilings, 7 coolers, Each about 40' X 20'. May have petroleum issues in the soil under the loading dock. |
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Cleanup Program |
No |
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Remediation |
No |
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Developer |
Yes
I will be developing |
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Future Use |
Mixed Use |
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Financing Tools: Federal Programs |
Federal Tax Credits |
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Financing Tools: State Programs |
Arkansas State Tax credits |
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Financing Tools: Funds Committed |
Waiting for US Park service application part 2 review |
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Challenges |
Financing; Assessment and Cleanup of property |
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Technical Assistance |
Historic Tax Credits
Reconstruction Loan Funding, clean up funding, |
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