Leadership Properties, the development group behind the Scissortail and Oak Tree neighborhoods in Benton County, has started infrastructure work on another master-planned neighborhood.
Aurora is situated on roughly 72 acres on South Morning Star Road in Bentonville, south of Windmill Road.
Aurora Development Co. is the landowner. It’s managed by Bob David and Julie Vaught, the principles of Leadership Properties. Aurora, which includes additional investors, acquired the land in August for $1.82 million. An LLC owned exclusively by David and Vaught was the seller.
Aurora will feature three neighborhoods with 245 lots. They are called Horizon (123 lots), Halo (94) and Harmony (28). David said home prices will likely range from $295,000 to $450,000.
Seven builders will handle construction in Aurora. Bentonville-based Sapphire Homes of NWA, a new company led by Scott Owen and his father Howard Owen, will be the exclusive builder for Harmony, which David described as a pocket neighborhood built around shared green space.
Baumann & Crosno Construction of Fayetteville, led by Mike Baumann and Mike Crosno, and Brittenum Construction Co. of Fayetteville are the exclusive builders of Halo.
Builders in Horizon will include David Harris Homes, Lance Johnson Building Co., Tall Oaks Construction, Payne Construction, Sapphire Homes and Brittenum Construction Co.
ARCO Excavation and Paving is the general contractor for the infrastructure phase of Aurora. CEI Engineering Associates of Bentonville is the engineer. David said lots will be available by the fall of 2020.
Grand Savings Bank in Bentonville is backing the infrastructure work with a two-year loan of $6.85 million.