Little Rock-based Entegrity, an energy service, sustainability and solar development company, is developing a $5 million apartment and office building in downtown Fayetteville.
The 27,000-square-foot Network building at 228 S. School Ave. near the Fayetteville Public Library will include about 5,700 square feet of office space to go with 28 luxury apartment units.
Louisiana-based IberiaBank is backing construction with a seven-year, $5.6 million construction loan. Developers Matt Bell, Chris Ladner and John Coleman say the building will achieve the lowest energy use possible — net zero energy. Solar power plays a critical role in that distinction, with a 115-kilowatt solar array on the roof and south facing awnings. The solar array is net metered and connected to the grid.
Bell and Ladner own Entegrity. Coleman is the company’s Northwest Arkansas director.
The building is scheduled to open this summer. C.R. Crawford Construction and architect Rob Sharp of Fayetteville are leading the development. HSA Engineering of Fort Smith is also working on the project.
“We knew from the outset that the recent advances in renewable and sustainable energy technology would allow us to build a smart building that would achieve net zero energy,” Bell said in a statement. “The challenge was doing so while still being cost effective, and this project proves that today, you can.”
Entegrity has about 100 employees, 15 in Northwest Arkansas. The company established its first office in Fayetteville in 2012. Coleman said Entegrity would occupy about 4,000 square feet of office space on Network’s first floor with 1,700 square feet for lease.
The one-bedroom apartment units range from 500 to 735 square feet, with lease rates starting at $900 per month. That includes utilities, a long list of amenities and smart technology features.