Construction to begin on downtown apartment complex

LITTLE ROCK, Ark. (KTHV) - For the first time in 35 years, a brand new multi-story apartment building will be constructed in downtown Little Rock.

The building is called Macarthur Commons and will be built on the site of the former Arkla Gas Headquarters.

Moses Tucker Real Estate will manage the 96 unit complex. "The rental market, younger market, less expensive units but still nice, that's a product that still doesn't exist today downtown and so we feel like the time is right to deliver that to the market," said Moses Tucker co-founder Jimmy Moses. "It's just another phase of the continuing development of the downtown area."

Studio rentals will begin at $650 per month according to Moses. The building will have a pool, fitness center, and balconies with every unit. "Most of all it's a convenience to be close to everything that is downtown and the river market itself," Moses added. "It's just critical that we continue to add supply to the market because the demand is very strong for it."

Over the past ten years, Moses Tucker has opened more than 500 new apartments and condos, and this new project will get them closer to their goal of adding 1,000 units downtown. It's a huge catalyst for bringing young professionals to Little Rock, according to former mayor and Little Rock Downtown Partnership Executive Director Sharon Priest. "Being able to live where you work is very important to a lot of people," she told THV. "The trends are that (creatives) like to be able to walk to whatever they want to do. They're more environmentally conscious and it just fits in much better with their lifestyle."

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Construction to begin on downtown apartment complex