Moses Tucker Sells MacArthur Commons for $10.5M
Previously the site of Arkla Gas headquarters, the 59-unit, three-story building was originally planned to include 84 units and cost $13 million. It was designed to provide upscale, yet affordable housing for residents looking to live downtown. The complex, announced in August 2013, offers amenities including street-lined porches, large balconies, a swimming pool and a fitness facility.
Jimmy Moses, chairman, and Jamie Moses, director of development, both of Moses Tucker Real Estate, were the original developers of the property. The new owner will be MacArthur Commons LLC, led by David R. Thompson.
"This is just another great example of the continued interest and investment in downtown Little Rock," said Chris Moses, president of Moses Tucker Real Estate. "This development has been a great success. We completed the project in September and it is already 97 percent occupied. We anticipate many more successful developments in the upcoming years.”