Two Main Street redevelopments — one on each side of the Arkansas River — were announced this week by Moses Tucker Real Estate Inc. and Newmark Grubb Arkansas.
Moses Tucker said its $3 million redevelopment of the Arkansas Democrat Lofts building at 615 Main St. in Little Rock is finished. The building is 100 percent leased, with Three Fold Noodles & Dumpling Co. set to move from its location to 215 Center St. to the 3,500-SF ground floor.
The other development is underway in North Little Rock’s Argenta Arts and Entertainment District.
John Chandler is renovating the EO Manees building at 317 Main St.
Plans are to finish those renovations in August, Newmark Grubb said, and the firm will lease the 10,000 SF of office and retail space. The monthly rental rates range from $2,560 to $3,855 for 1,935 to 4,987 SF.
The Little Rock building is mixed-use as well, with eight loft-style apartments on the second floor that start at $1,000 a month, according to Director of Marketing Morgan Baden. They are one- and two-bedroom units with exposed brick walls and 14-foot ceilings.
Also, the Raimondo Winery in Mountain Home (Baxter County) had planned to move into the space that will house Three Fold. But Baden said the business backed out of that deal. Arkansas Business called Raimondo on Thursday and will update this story.
The architect for 615 Main St. was Cromwell Architects Engineering Inc. Central Construction was the contractor, and Arvest Bank financed the project.
Renovations to the Argenta building began in January. Plans call for approximately 4,987 SF of retail space on the first floor and approximately 4,640 SF of office space on the second floor. There will also be an elevator.
The building had been occupied by Thomason Furniture, which is now operating in the adjacent building at 315 Main St, according to a news release.
Chandler has also completed several other mixed-use projects in North Little Rock’s downtown, including the Koehler Bakery Buildings at 711-715 Main St, 314-315 Main Street and the Faucette Building at 421-429 Main St.
An approximately 1,980-SF retail/office space is available at 715 Main St., and approximately 2,500 SF of space is retail/office space is available at 709 Main St.
Leasing Agent Fletcher Hanson of Newmark Grubb said in the release, “With past occupancy being extremely tight in the Argenta District, these new projects provide businesses with a long awaiting opportunity that did not exist prior to the redevelopment. We expect spaces to lease quickly and look forward to the create of new customer experience throughout the district.”