Capital on Capitol: Hall-Davidson sold | Arkansas Blog

Monday, June 5, 2017

Capital on Capitol: Hall-Davidson sold

Posted By on Mon, Jun 5, 2017 at 4:46 PM

click to enlarge BOUTIQUE HOTEL COMING: To 215 W. Capitol. - BRIAN CHILSON
  • Brian Chilson
  • BOUTIQUE HOTEL COMING: To 215 W. Capitol.

More news on the so-called "Financial Quarter" front that envisions a bustling Capitol Avenue: Rock Capital Group has closed on the deal to buy the Hall-Davidson building at 215 W. Capitol, the intersection of Louisiana Street and Capitol Avenue.

The Times reported in February that Rock Capital was in talks with a national hotel group to turn Hall-Davidson into a boutique hotel. Dan Roda, general counsel for Rock Capitol, said the commercial real estate firm would be able to announce in a week or so the name of the company that will operate the hotel. He did not disclose the purchase price. Rock Capital will continue to own the building.

Roda said construction won't start until after July 1, when the state's new historic tax credit law takes effect. He called the timing "fortunate." Arkansas now allows a net credit cap of $400,000 per structure.

The Hall-Davidson building, which is 41,672 square feet, was built in 1932 in the Beaux Arts style. A 19,752-square-foot annex built in the 1950s joins the building on three floors. Roda said the main structure retains its tile floors and marble wainscoting.

The building was owned by troubled Main Street developer Scott Reed, who at one time said he planned to develop it as loft apartments.

J. Blake Smith is CEO of Rock Capital, Tyler J. Pierce is COO and James Hearnsberger is CFO. Smith and Jordan Haas are managing partners.

Tags: , ,


Sign up for the Daily Update email
Favorite

Comments

Showing 1-1 of 1

Add a comment

 
Subscribe to this thread:
Showing 1-1 of 1

Add a comment

More by Leslie Newell Peacock

  • Gallery guide: New shows, Argenta Art Walk

    Tonight's the third Friday of the month, which means that you can see lots of art on and off Main Street in Argenta, which is holding its after-hours Art Walk from 5 p.m. to 8 p.m. 
    • Apr 20, 2018
  • Fayetteville and University of Arkansas advocate for Oklahoma wind energy project

    The University of Arkansas and the city of Fayetteville announced today their support for the Wind Catcher Energy Connection Project, an Oklahoma panhandle wind farm that will deliver power to Northwest Arkansas.
    • Apr 19, 2018
  • New development at old Sears site firms up

    In the next year and a half to two years, the 16 acres at the northwest corner of University Avenue and Interstate 630, the old Sears site, will transform into a development featuring retail, restaurants and a hotel — or two — called The District at Midtown.
    • Apr 19, 2018
  • More »

Readers also liked…

  • Speaking of the Clinton Foundation: Returns in maize and beans

    A reporter for Politifact, the Pulitzer Prize-winning fact-checking organization, sent a reporter to Africa to see where money given to the Clinton Foundation has been put to work. He found tangible results.
    • Sep 6, 2016
  • The LR chamber does the public's business. Is it accountable? Blue Hog on the case.

    Matt Campbell, lawyer and Blue Hog Report blogger, has sent a Freedom of Information Act request to Jay Chessir, director of the Little Rock Regional Chamber of Commerce, and Mayor Mark Stodola related to the publicity stunt yesterday  built around withdrawing from the mayor's rash pronouncement that the city would seek an Amazon HQ2 project even though the city  didn't meet the company's criteria.
    • Oct 20, 2017
  • Arkansas: Land of .......

    Welcome to Arkansas: Land of cowardly politicians, discriminatory laws, inhumane turkey drops and lots and lots of Trump voters.
    • Oct 8, 2016

Most Recent Comments

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation