The city of Rogers recently issued a building permit to Crossland Construction Co. valued at $28.9 million.
Crossland is using the permit to build the 170-room Tapestry by Hilton hotel at 4100 S. Pinnacle Hills Parkway.
Windsor Aughtry Co., a commercial real estate developer and brokerage firm based in Greenville, S.C., is the owner/developer. LPB Architects of Atlanta is the design firm. Crafton Tull of Rogers is the civil engineer.
The six-story hotel will include:
- A rooftop open-terrace bar
- Oak Steakhouse by The Indigo Road Hospitality Group
- A 2,400-square-foot banquet space
- 1,500 square feet of flexible meeting space on the ground floor
- Outdoor patio
- Fitness facility
- Indoor bike storage
- 25 private balconies
Arvest Bank is backing construction with a seven-year construction loan worth $40 million.
Windsor Aughtry paid $2.75 million for the 1.42-acre site in May. The purchase price equals $44.46 per square foot. JH Land Holdings LLC, managed by Hunt Ventures chairwoman and developer Johnelle Hunt, was the seller.
Windsor Aughtry is also developing a 175-room Motto by Hilton property on South Main Street in downtown Bentonville. It’s expected to open early next year. The company also plans downtown hotels in Springdale and Fayetteville.
The owners of a family-owned tire retailer have retired and recently completed two transactions to sell the real estate for a combined $2.5 million.
Northwest Tire Service Inc., led by the Hawes family, sold vacant commercial buildings at 1809 S. Pleasant St. in Springdale and 1901 S. Eighth St. in Rogers.
The Springdale property was a $1.5 million deal. It includes two single-story buildings totaling 23,160 square feet on 2.5 acres. Albayyari Ventures LLC, led by Mohammed Bayyari, is the new owner. Armstrong Bank in Springdale backed the deal with a $1.2 million loan that matures in March 2044. Lee Ward with Realty Concepts Inc. of Fayetteville represented the buyer.
The Rogers property was a $1 million deal. It includes a 9,072-square-foot building on a 0.8-acre lot. 1901 Holdings LLC, led by Matt Sitton, is the new owner. Legacy National Bank of Springdale provided financing with a three-year, $500,000 loan. Ben Butler represented the buyer.
The Duley Group with Keller Williams Market Pro Realty in Rogers was the listing agent for both transactions.
Development plans for the properties were not disclosed.
A 4,937-square-foot residence in downtown Bentonville sold recently for $1.7 million. The purchase price equals $344 per square foot.
Frank and Ann Wilson bought the five-bedroom home on Northwest Third Street. Howse Retail LLC, managed by Jay Howard, was the seller.
City Title & Closing of Fayetteville was the title agent. Paige Ferguson with Howse Real Estate in Rogers was the listing agent. Lonnie Lar with Coldwell Banker Harris McHaney Faucette in Rogers represented the buyer.
Howse paid $1.6 million for the 0.2-acre property in September 2022. Josh Kyles was the seller. The home was built in 2016.
A 5,686-square-foot estate home inside the gated Pinnacle Country Club neighborhood in Rogers changed hands recently for $1.45 million. The purchase price equals $255 per square foot.
Floyd and Melissa Ferjuste bought the four-bedroom home on West Colonial Drive. Arie Both and Kathrin Mecke were the sellers.
Truist Bank of Richmond, Va., backed the deal. Coldwell Banker Harris McHaney Faucette Realtors Ginger Harrell (listing agent) and Jennifer Huffaker brokered the deal.
Both and Mecke paid $885,000 for the 0.4-acre property in October 2016. The Robbins Family Revocable Trust was the seller.
The home was built in 1992.
A 15,418-square-foot commercial building in Springdale sold recently for $1.4 million. The purchase price equals $90.80 per square foot.
Rogers-based nonprofit Samaritan Community Center bought the property at 1520 W. Huntsville Ave. It includes two parcels totaling 5.98 acres. First United Methodist Church of Springdale was the seller.
City Title & Closing was the title agent. Jeff Pederson with Lindsey & Associates was the listing agent.
SCC executive director Debbie Rambo said the nonprofit will relocate its Springdale location (1300 N. Thompson St.) to the new building.
“The new facility will require a renovation over the next nine to 10 months and will allow us to expand our services in Springdale in fall 2024,” she said.
New residential construction in downtown Bentonville sold recently for $1.26 million.
Alpine Depot LLC, a Colorado-registered entity, bought the 2,743-square-foot residence on North Main Street. The purchase price equals $459 per square foot.
Monroe Street Manor LLC, managed by Kenneth Ehret, was the seller.
TitleTech of Arkansas was the title agent. Patrick Kuhlman with NextHome NWA Pro Realty represented the seller. Christy Milligan with Coldwell Banker Harris McHaney Faucette represented the buyer.
The five-bedroom home was built in 2023 on 0.17 acres.
Real Deals submissions: Submit tips about Northwest Arkansas lease activity, construction, transactions or upcoming projects valued at $300,000 or more to Paul Gatling at [email protected]. Please write ‘Real Deals’ in the subject line.