Good news spread throughout Downtown Conway early this week as it was learned that Salter Properties have bought the Regions Bank property on 1023 Main St. and plan to redevelop it as Metro Square.

Brent Salter was out of town, but he will be sharing more information about plans when he returns, according to brother Jay Salter.

Brad Lacy, president of Conway Development Corp. and Conway Chamber of Commerce, said this is great news from the Salters, "the group that continues to bring fresh ideas, architecturally and conceptually, most recently the row houses adjacent to Hendrix Village."

Kim Williams, of Downtown Conway Partnership, said she can’t wait to hear all the details for the redevelopment of the monumental building and its surroundings.

"I’m ecstatic," Williams said. "The possibilities are limitless. I’ve heard there’s been research on the fountain and sculpture, another prize, another work of art for Downtown."

Regions Bank will remain a tenant in the property, according to Jason Culpepper, Regions city president.

Nancy Jackson, manager of Raymond James, has moved her offices to the United Center, a Covington property on Deer Street.

(Staff writer Becky Harris can be reached at becky.harris@thecabin.net and 505-1234.)