College Square Building now a Fred's historic property

A "Fred's Historic Properties" sign is now hanging on the College Square Building. I understand that the building which houses Five Guys, the Mayflower Restaurant, and Gyro Wrap was purchased by Dr. Fred Moorman last week. I have also heard that there are plans to remodel the building and convert office space into apartment space. I have not heard if the building, which used to be known as the Commercial Hotel at some point in history, will be renamed.