While prep work has already started, the official groundbreaking for a new development in downtown North Little Rock will be held on Monday.

Located on a long vacant tract of land that once housed a feed mill, the property will be developed by Fort Smith-based ERC, a construction company with more than six decades in the business.

ERC has two similar properties to what they have planned for North Little Rock in Bentonville and Cottleville, Mo., a suburb of St. Louis.

The groundbreaking will commence at 10:30 a.m. with a street address of 501 N. Magnolia St.

Once complete the development will feature six brick buildings that will have 164 units that will be available.

ERC is a third-generation family company and Rob Coleman, who is the CEO, will be among those on hand for the groundbreaking and a reception that will follow at the Innovation Hub, that is just across the street.

“We have a unique opportunity to establish THRIVE as an urban lifestyle brand,” Coleman said.

The units will range from one to three bedrooms and will include first floor parking.

Among those also expected to attend are North Mayor Joe Smith and John Owens, the head of the North Little Rock Chamber of Commerce.