Ground was broken today across from the River Market in Little Rock for a new project called Arcade.
The three story, $18 million building is being constructed by Moses Tucker Real Estate in partnership with the Central Arkansas Library System. Jimmy Moses, the developer, hopes the building will be completed by November of next year.
“My partner Rhett and I have spent four years trying to birth this baby, as Rhett articulates it, but it will be worth it. Of all the projects we’ve taken in downtown Little Rock, this is the one that excites me the most. As Bobby Roberts said, it’s the bringing together of the joint venture of the public and private sector to create something truly great,” said Moses.
Moses says the heart of Arcade is a movie theater which will host the Little Rock Film Festival.
Moses says him and Tucker got the name Arcade from an old building in downtown Little Rock that was torn down many decades ago.
“One hundred years later, on a parking lot, we will rebuild the Arcade. Not only in memory of all the old that was great that we lost in Little Rock, but is a symbol for the new that is emerging here, as we make this one of truly the great cities in America,” Moses said.
Moses says during construction, parking will be limited, but will improve once the library completes a new 300-cars parking garage.