Hot Springs Village Voice August 30, 2016

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ARKANSAS’ LARGEST WEEKLY NEWSPAPER Vol. 26 No. 48 Tuesday, August 30, 2016

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Hot Springs Village names new CEO Lesley Nalley has been appointed chief executive officer of Hot Springs Village Property Owners’ Association, effective Dec. 1, the POA board of directors announced last Thursday. Nalley, who is chief financial officer for the Village, will succeed David Twiggs. This new appointment comes as the Village transitions into phase two of its master plan for strategic growth and innovative development. Under the leadership of Twiggs, Hot Springs Village has spent the past three years creating a new master development plan that will encompass a variety of lifestyles utilizing the existing 26,000 acres within the community. Twiggs will continue to serve as a development consultant to Nalley and the Village board during the first half of 2017 and will

continue to pursue development interests in Arkansas, the Carolinas, and Virginia. “Lesley is the perfect leader to take our community into this next phase of innovation and growth,” said Mike Medica, Hot Springs Village board of directors president. “Lesley and David have worked hand in hand to develop a plan that will capitalize on the size and position of the Village. Lesley made huge strides in our growth and efficiency as CFO and will no doubt excel in this new leadership position.” The Hot Springs Village governance team, at the direction of Twiggs, has been creating a new master plan that will develop underperforming areas of the community, thereby attracting new residents to the area. This strategic growth plan will allow for unique areas of expansion that will not

only capitalize on the worldclass golfing amenities in the Village, but also the beauty and terrain of the Ouachita Mountains. Twiggs has been working with Nalley on this transition plan for several months. In 2015, the Village made a $371 million impact on the state of Arkansas, according to a report by Wayne P. Miller at the University of Arkansas Division of Agriculture Research and Extension, recently commissioned by Hot Springs Village. As the largest gated community in the nation, the Village is home to more than 14,000 residents. “With a lifelong Arkansan and passionate leader at the helm, our community is positioned to make an even greater impact on the state in the coming years,” Medica said. Nalley has been with the Village as CFO since 2014.

Prior to serving in that role, she was CFO for Professional Counseling Associates in North Little Rock. In her current position, Nalley has overhauled collection practices, improved cash flow, integrated accounting systems and led a systemwide software upgrade. In January of 2016, Nalley was appointed by the governor to the Governor’s Advisory Council on Aging, as well as the Arkansas Housing Trust Fund Advisory Committee. “I am honored to be named as the new CEO of Hot Springs Village,” Nalley said. “I am excited for the future of this thriving community and look forward to ensuring our current residents are provided with the highest level of service and amenities, attracting new residents, and creating a world class workplace for our amazing staff. The Vil-

Lesley Nalley lage has so much potential, and our impact on our state’s economy is undeniable. I will work closely with the

board, state and local leadership, staff and our wonderful residents to bring our many possibilities to reality.

CEO Twiggs elaborates on leadership change ment potential before any substantial projects could be developed. This planning needed to include: • Identify, organize, and understand the existing and potential real estate assets of the community. • Survey and inventory existing housing typologies and identify market opportunities. •Identify other retirement, recreational, and non-retiree markets that could be attracted given the support amenities. •Identify national trends that could be adopted or

By JEFF MEEK Managing editor Asked to comment on the upcoming appointment of Lesley Nalley, current chief operating officer David Twiggs had this to say: “In early 2013, the board of directors brought several development specialists to HSV to give recommendations for moving forward into a development and growth mode. “The consensus of these experts was that there needed to be extensive planning work to identify develop-

adapted to enhance competitive position and market relevance. •Develop market strategy that would address the wide socio-economic spectrum of existing residents; the wide disparity in home values between different village segments. “This work was estimated at a cost of $300,000 to $400,000 in a project format. Rather than hire these consultants to do this work, I was hired to do it. My team and I have completed these recommended actions over the last three years. This

work being done, it is time to move into a new phase. “This is a natural next phase in pursuing the goals of the Master Plan. HSV needs long-term leadership that is specifically vested in Arkansas. “The CEO needs to be vested in the region, politically connected, understand the unique nature of HSV, be a great team builder, and understand how to use staff and consultants to the best benefit. Lesley Nalley fits this role. I would not have hired her if I had not thought she could eventually replace

me. “This transition has been in the planning for some time; I instigated it now because I believe the timing is right. This gives us over four months to make a smooth positive transition. “HSV continues to have the most development potential of any similar communities I have managed or consulted with. This potential must be unlocked. “The current lawsuit has stopped new development within the Village for the past two years. While we are confident in prevailing in

the appeal, we do not know the time frame in which that will happen. “Even afterwards we will have to build confidence among large-scale builders, developers and investors that projects can be done in HSV without legal or bureaucratic holdups or delays. “Win or lose the lawsuit, this can be done, but will take time. “I will continue to support Lesley in seeking opportunities and partners for appropriate development within HSV.”

Search continues for replacing Cranford East grocery By JEFF MEEK Managing editor Last week the Hot Springs Village Voice got together with Hot Springs Village Area Chamber of Commerce executive director Michael Dollar to see what, if any, progress was being made in finding a grocer to replace Cranford’s East grocery. Dollar has several feelers out, but for now there is no substantial interest from an entity wanting the location.

Many residents have mentioned Harps Food Stores as a possibility. Dollar said Harps has not expressed an interest, but he feels it would be a good fit. “It’s about the right size and I think it fits an east end desire and demand. I think it’s the kind of store they’re looking for,” said Dollar. He explained how stores make decisions on whether or not to move into a location. Dollar said they look at vehicular traffic and then

HSVA Chamber staff Jill Fitzgerald, Maureen Morgan and Michael Dollar

estimate how many people would pass by the store. They also look at the surrounding population, within a certain radius, and from that estimate the amount of business they might receive. Dollar has recently heard through a commercial real estate-related person that Edwards Food Line may have an interest. “That name has come up several times,” Dollar added. In his opinion, Walmart Neighborhood Market appears to be a good possible option and is who the Chamber is focusing on and talking with. “At the east end is adequate acreage if they required a larger building,” said Dollar, who displayed a plat map of the area showing an additional 2.67 acres to one side of the existing layout. He mentioned that the existing parking lot could also be reconfigured to better fit a new store’s need.

Inside this issue Real Estate/Classifieds .........1-8-E Calendar of events.................. 6-D Church news ........................ 4-8-C Club news ...........................1-10-D Crossword............................... 2-C Entertainment .....................8-10-B Obituaries ................................6-A Police report ..........................6,7A Sports ................................... 1-7-B Hot Springs Village Viewer .1-20-H © 2016 Hot Springs Village Voice

Renovation underway at Cranford’s West (Jeff Meek photos) “The store could also be at road level on Hwy 5. These ideas are just possibilities for someone wishing to locate there. They do have options,” said Dollar. “A grocery store is what we need. Everything I hear from the east end is that we need one. It’s almost imperative, and I think a store can be successful there. And the Chamber of Commerce would work to find the right people and help make it work out.” Dollar said there are many others joining the HSVA

Chamber in these efforts, like Lamont Cornwell, executive director of the Saline County Economic Development Commission, who was in contact with Kroger. When asked what the chances are of a Kroger coming in, Dollar said, “I think we got a no from them last I heard. We’ve moved beyond getting Kroger.” Dollar also spoke about Cranford’s West happenings. “It’s starting to look different,” he said. Caféstyle doors are on the freezers, LED lighting is going in,

special order refrigeration is coming and a remodeling of the inside of the storefront is underway, all in an effort to be more energy-efficient and thus reduce operating costs. There will also be “pointof-sale” registers for checkout and a new branding later this year called FoodWise Cost Plus Supermarket. A grand opening-like event for the store has not yet been set. On yet another note, Dollar was recently the recipient of the Reader’s Choice Best of the Best in the category of community leader.

PO Box 8508 3576 N. Hwy. 7 (501) 984-6224 (501) 623-6397 (501) 623-3131 fax www.hsvvoice.com

The Cranford’s East shopping area


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