LB Jax Development purchased the old Barnett Bank Building for $4 million in a deal announced Monday. “It’s official. We have a signed contract,” said Mike Langton, president of LB Jax. As previously reported in the Daily Record, Langton said he sees the former bank headquarters serving four purposes: a boutique hotel, a rental loft community, a bank and an upscale restaurant. Langton said he will likely purchase an area parking lot for tenants and guests. “We have an aggressive time frame that we’re looking at,” he said. “We’d like to get construction started as early as May.”