Deal Closed on Lafayette Building

Lafayette Building at 523 Louisiana St. in Little Rock. (Michael Pirnique)

Did you know the sale of the Lafayette Building in downtown Little Rock closed April 24?

Little Rock’s G&G Hospitality Group bought its piece of the historic property at 523 Louisiana St. with the intention of transforming the bottom half of the 10-story building into hotel space.

You might recall that the upper five stories were redeveloped into 30 apartments by Tower Investments LLC of Woodland, California. The units were later converted to condominiums and sold off.

How much did Chad Gallagher sell the property for?

Unknown, for the moment, but we couldn’t wait for all the details before sharing the news.