Nursing Home Planned for Promenade Boulevard in Rogers

Did you know a 50,000-SF nursing home facility on South Promenade Boulevard in Rogers is in the works?

Bozeman Development LLC of Texas, registered to Michael Martel of San Antonio, recently paid $1.08 million for a 5-acre lot in The Farms commercial addition, a purchase price of $4.99 per SF.

The lot sits on the five-lane extension of Promenade Boulevard that links New Hope Road on the south with Walnut Street on the north.

Simmons Bank of Pine Bluff was the seller.

Construction of the building is imminent. It will have 114 beds and will replace a 32,745-SF facility called Bentonville Manor at 224 S. Main St. in Bentonville. Bozeman Development bought that 95-bed property last year for $3.4 million.

Projected cost for the project is $9.6 million.

So what’s to happen of the 1.5-acre Bentonville Manor site? It’s three blocks south of the ever-evolving downtown square, so, of course, there’s already a plan.

Josh Kyles, a principal of Bentonville firm Kyleton Real Estate Group and a part owner in the Bozeman Development entity, told Whispers the building will be razed and redeveloped into a four-story, 80,000-SF building, with retail, office and residential components.

Kyles said the design process is still ongoing, but this will obviously be yet another significant mixed-use project for downtown Bentonville.

“It will be something in line with everything else that is happening in and around downtown Bentonville,” Kyles told Whispers, noting his admiration of the Midtown Center, the three-story, mixed-use building near the square that was developed by the Walton family holding company, Walton Enterprises.

For reference, 80,000 SF is approximately the size of the 8W Center that is under construction across from the Wal-Mart Stores Inc. headquarters at the corner of Eighth Street and Walton Boulevard.