New Projects, Players Attracted To Downtown Little Rock Redevelopment

by George Waldon  on Monday, Nov. 22, 2010 12:00 am  

Greg Hatcher and Sam Alley joined forces to take out the KARK Building.


July 9

Hatcher acquires the 400 Louisiana St. project for $500,000, mainly for the 25 parking spots that accompanied the 15,951-SF building. He wants the parking for his new offices.


July 10-22

Sam Alley and Greg Hatcher, through 207 West 3rd Development LLC, purchase the 61,000-SF KARK Building at 201 W. Third St. for $550,000 and adjoining 46,000-SF former First National Bank operations center at 207 W. Third St. for $125,000.

After dealing with asbestos, the long-vacant buildings will be razed and converted to parking for The Hatcher Agency and Alley's VCC general contracting firm.


Aug. 5

Deseo LLC, led by Shellie Barnett, buys the 41,910-SF YMCA Building at 524 Broadway for $150,000. She and her husband, Brad, plan to redevelop the historic property, vacant since 1995, into a mixed-use project with office, retail and residential space.


Nov. 8

The Hatcher Agency opens for business in its newly renovated quarters at 314 Louisiana St.

The property is remembered as the one-time home of two financial concerns that disappeared during the 1980s: First Federal Savings & Loan Association followed by the investment firm of Collins Locke & Lasater and its various successors.



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