Commercial Real Estate Council of Metro Little Rock (CREC MLR) held the 7th Annual Commercial Real Estate Awards in February 2025 to recognize significant achievements and the largest real estate transactions in metro Little Rock made by local brokers in the previous year.
Relyance was honored as a bank partner for the Commercial Real Estate Project of the Year 2024 Award for the Breckinridge Village redevelopment project. Breckenridge Village is a landmark retail shopping center located at the intersection of I-430 & Rodney Parham that has been in existence since the early 1980s.
The property was purchased in May 2022, by a group of local investors with a plan to redevelop the center to a dining and entertainment destination. The local investment group includes several restauranteurs that have been instrumental in the recruitment of quality local restaurants. In March 2023, in the middle of the redevelopment project, a devastating tornado ripped through the center causing major damage and rendering the tenant spaces uninhabitable. The needed repairs included new roofs, mechanical systems, exterior wall repairs, and costs to repair several tenant spaces. The tornado delayed the project for one year, but several restaurants are now open for business and doing very well. Breckenridge Village was designated as the Breckenridge Village Entertainment District, a destination location for Little Rock.
David Straessle, Regional Chairman of Relyance Bank and his staff accepted the award.