by Amy Riggin
Posted 10/17/2008 10:37 am
Updated 12 months ago
Officials including North Little Rock Mayor Patrick Hays were expected to be on site for the beginning of demolition Friday morning. It is expected to take three months.
Long-term plans for the industrial site, which sits on four blocks in downtown North Little Rock between 5th Street and Poplar, include a "mixed-use development," according to a news release. New Argenta Development Group, which has developed several of Argenta's new offerings, said it will begin work on its new site this month.
A spokesperson told ArkansasBusiness.com that no other details about development plans have been made available yet.
ArkansasBusiness.com reported in May that the 3.1-acre mill at 124 E. Fifth St. and an adjoining 0.36-acre parking lot was purchased for $2.17 million from Mountaire, led by Ron Cameron. The 0.78-acre Mountaire office development at 204 E. Fourth St. sold for $900,000.
The buyer was The Mill LLC, led by Harold Tenenbaum, John Gaudin and Paul Esterer.
Gaudin was among officials expected to attend Friday.
Mountaire Corp. reported 2007 revenue of $1.15 billion and was ranked third on Arkansas Business' 2008 list of the state's largest private companies.