The Keet family’s JTJ Restaurant Group (Petit & Keet, Cypress Social, Taziki’s, Waldo’s, Count Porkula) announced the acquisition of the Breckenridge Village Center today.
In the release, JTJ Restaurants says they will work to restore the Rodney Parham property to the “glory days” starting with a significant exterior renovation that will include new landscaping, signage, entrances, and architectural features.
As part of the renovation, the JTJ plans a mix of restaurants and retail spaces including at least four restaurant concepts into the mix. No word on what these restaurants will be, but you can most certainly add a Little Rock branch of Waldo’s Chicken and Beer to the list considering they are already adding it to the renderings. Factoring in the cuisine gaps in the area and other properties they are working on, a Taziki’s, Count Porkula, and Big Bad Breakfast could all also be targets for the center.
No official word on any new concepts coming or what existing concepts will be retained. We will update as we get more information.
### Release Below
LITTLE ROCK, AR: (May 16th, 2022)- KBK-Breck, LLC., purchased the local shopping center, known as Breckenridge Village, located at 10301 N. Rodney Parham Rd in Little Rock, on Thursday, May 12th, 2022. The ownership group is comprised of The Kelley Group, the Keet Family, Dale V. “Bo” Briggs, the Bodnar Group out of Nashville, and others. Relyance Bank and First Financial Bank provided the financing for the acquisition. “Relyance Bank, along with Chris Johnson and First Financial Bank, is proud to partner with the Keet family and other group members on this exciting new venture. The new development plans of Breckenridge Village will most certainly add to and strengthen the ongoing revitalization of the Rodney Parham corridor,” said David Straessle, President of Relyance Bank. The Kelley Group will be the property manager for the center.
“The group intends to bring back the glory days of Breckenridge and revitalize it with a diverse combination of restaurants and other retail spaces,” said Jim Keet, Chairman of JTJ Restaurants, LLC. “At least four restaurants with various cuisines will be a part of the new plan for the center.”
Engineering, redesign, and landscaping plans are already in the works. The group plans to redo the exterior, add new landscaping and signage, and feature new entrances with distinct architectural features. “I’m excited to have the opportunity to invest with experienced restaurateurs that understand the food and entertainment business. They can help guide us in the redevelopment of this property,” said Hank Kelley of The Kelley Group. “To serve the region, there is no better location in Central Arkansas than the 11 acres at the southeast corner of Rodney Parham and Interstate 430.” The design will feature a new courtyard with amphitheater-style seating.
The project will entail a multi-million dollar renovation that will make Breckenridge one of the most unique and desirable destinations in the state. The future name and tenants will be unveiled at a later date.