Wood Works a Plus in Centerton

Wood Works Plus Inc. of Lowell recently bought 18 building permits valued at a combined $1.8 million to build homes in Centerton’s Sienna subdivision. Wood Works, led by Aaron Nickell, will eventually build 86 homes for Sienna Estates LLC in the first phase of the subdivision.

Sienna secured an $11.6 million construction loan in November through First Security Bank of Rogers for the project.

Sienna Estates, of which John David Lindsey is a principal, is the developer of the first 106 lots at Sienna. Sienna Estates bought the lots in November from Home Town Developers LLC, of which Gary Combs and Neil Johnson are members. Sienna also sold 20 lots to Bob Moore of Mastercraft Builders & Developers LLC in November.

Lots at Sienna will range from 0.22-0.27 acres and will have homes ranging from 1,500-1,700 SF. Homes will sell from $135,000-$153,000. The first homes will be ready for move-in by March 1. There are 25 different floor plans for the homes.

Prairie Meadows Will Add 325 Lots

Site work continues on Phase II of the 325-lot Prairie Meadows subdivision in Prairie Grove. All 24 residential lots in Phase I are sold, and 72 of the 108 residential lots in Phase II have been pre-sold. Sweetser Construction Co. of Fayetteville is completing the street preparation, and Fochtman Enterprises of Fayetteville is completing the water and sewer work.

Westside Properties Inc. — owned by Mark Silva, Gary Stearman and Billy Joe Bartholemew — is the developer. Silva purchased 257 acres from the Joe Yost family in 2000 for $1.2 million. He sold 110 of those acres to Prairie Grove Telephone Co. in 2001 for $650,000. The remaining 147 acres became Prairie Meadows.

One of the six commercial lots in Phase I has been sold. The only commercial lot in Phase II has been pre-sold to be a quick-lube service station. Phase III will have 169 lots.

Lots in Prairie Meadows sell in the $24,000 range for 0.22-0.23 acres. Homes there, which range in size from 1,500-1,800 SF, sell from $125,000-$150,000 with lot price included. All houses will be 100 percent brick and will feature architectural shingles, sodded yards and matching brick mailboxes.

Arvest Bank-Prairie Grove is financing the subdivision.

K.C. Sells Monroe Lots

K.C. Properties of N.W. Arkansas Inc., of which Ken Bailey is president, sold lots 15 and 16 in the Monroe Corners office park in Lowell to FDI Postal Properties II Inc. on Nov. 26 for $1.1 million. WACO Title of Rogers completed the title work.

The 23-acre park is being developed by Burkes & Burkes Development LLC of Rogers, of which Aaron Burkes is a principal.

The first lot under construction is valued at $162,000. Construx Consulting Services Inc. of Lowell will be the general contractor for the remaining 120,000-SF, mixed-use space in the 10 buildings that are under design at Monroe.

The city of Lowell has created a new overlay district for downtown. Monroe Corners is part of the effort to develop a core downtown and will eventually include walking paths along Puppy Creek.

The total park will contain about 120,000 SF of retail/office space. There are 13 lots total. Arvest Bank-Lowell is financing the development. Burkes & Burkes will lease the space for a base price of $12.50 per SF.

B.R.G. Bets Big in Bentonville

B.R.G. Development LLC of Fort Smith recently bought a building permit valued at $582,400 to build a 10,400-SF retail building at 231 N. Walton Blvd. on the southwest corner near the intersection of N.W. 3rd Street. Rodney Gahn and Darrel Robinson are partners in B.R.G..

The development is called Movie Gallery Plaza. B.R.G. is general contractor. Sand Creek Engineering & Landscape Architecture Inc. of Rogers is the engineer. Mark Loibener of Fort Smith is the architect. About 4,800 SF is available for a triple-net lease at a base price of $15 per SF with some finish-out included.

R.H. Gahn Commercial Properties of Fort Smith is the leasing agent. Sprint Wireless will be a tenant in one of the 1,600-SF spaces. B.R.G. bought the one-acre parcel from Sam Morrison of Bentonville in November. Tucker Abstract completed the title work. First National Bank of Fort Smith is the financier of the development.

B.R.G. is also the general contractor and developer of Millcreek Plaza, a $1.3 million retail development located at 2307 S. Zero St. in Fort Smith. B.R.G. recently bought the permits for the facility that functions as a “shadow” center to the Wal-Mart Supercenter on Zero Street.

Mark Loibener is the architect. Mickle Wagner Coleman of Fort Smith is the engineer.

About 78 percent of the 28,700 SF of space has been leased. The center will have a 12,300-SF Dollar Tree, and lease negotiation is in place for a 2,800-SF Payless Shoe Store, a 1,600-SF Sally Beauty Supply, a 2,400-SF Firehouse Subs and a 1,600-SF Sprint Wireless store. Millcreek space leases for a base price of $14.50 per SF. B.R.G. bought the four-acre parcel from Larry Breeden of Van Buren in July.

Guarantee Abstract & Title Co. of Fort Smith did the title work. Bank of the Ozarks of Fort Smith is helping finance the project.

ARC Creates Persimmon Place

A.R.C. Walker Construction of Centerton is completing site work and waiting for final plat approval for a new 154-lot subdivision in Fayetteville called Persimmon Place.

A.R.C. Inc. — which is owned by Ralph, Carl and Alan Walker of Walker Construction — is the developer. Decco of Rogers is completing the site work. Lots in the 58-acre development will be 0.22-0.5 acres, and prices have not been determined. Minimum square feet for homes will be 1,850. A.R.C. plans to start home constructions in June.

Bank of America of Fayetteville is financing the subdivision.

A.R.C. Walker Construction also just recently purchased 17 building permits totaling $1.6 million to build homes in Phase VIII of the Centerpoint subdivision off of Arkansas Highway 102 in Centerton. A.R.C. Inc. is the developer of the 550-lot subdivision. Homes sell from $102,900-$130,900 with a minimum SF of 1,369. Lots average 0.19 acres.

A.R.C. Inc. also owns and is completing the site work for Phase IV of the Winwood subdivision off of Been Road in Bentonville. The 398-lot subdivision has homes that sell from $140,000-$160,000 with a 1,725-SF minimum.