May Construction Buys $7.6 Million Permit to Build Lowe?s

Lowe’s Grows on Sixth Streetr

May Construction Co. of Little Rock recently purchased a building permit valued at $7.6 million to build a Lowe’s Home Improvement Warehouse at 3231 W. Sixth St. in Fayetteville. The 162,632-SF project is expected to be done by early December.r

The store will be 116,000 SF with 29,000 SF allotted to garden center space and the remaining to offices and receiving.r

May Construction has built more than 30 Lowe’s stores. MDH Builders of Fayetteville is the architect, and Ozark Civil Engineers of Bentonville is the Engineer.r

Fayetteville-6th St. LP, of San Antonio, Texas, purchased the 23 acres of land, of which Lowe’s Cos. owns 13.6 acres, from Cobb Brothers — a partnership among Bennie Westphal, Betsy Westphal and Robin Clegg — on Aug. 11 for $1.2 million.r

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Shamrock Lucks Out in Bentonviller

Shamrock Ventures LP of Dallas recently purchased two building permits valued at $3.2 million to build two office buildings at 900 S.E. 5th St. in Bentonville.r

Shamrock Ventures is operated by Marty and Jim O’Connor, who also own Impact Sales in Dallas.r

Dan Townsley of Rogers is the architect, and Tatum Structural Engineering Inc. of Rogers is the lead engineer. Space will lease from $12-$13 per SF with about 40,500 SF of finished office space for lease. Shamrock Ventures bought the 2.2-acre lot in April 2003 from Elmer Scott of Bentonville for $200,000.r

Arvest Bank-Bentonville is financing the project.r

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Bethel Heights Building Sewer Systemr

The city of Bethel Heights recently signed a $1.3 million bond from the Arkansas Department of Soil and Water to construct an onsite sewer system. The bond was financed through Regions Bank.r

Bethel Heights Associates Limited Partnership purchased 11 acres for the plant from Tom and Carolyn Hayes in March for $572,000. About one-third of the land will be used in phases one and two, with the remaining allocated for future wastewater treatment. The land was annexed from the city of Lowell.r

Steve Hesse of Engineering Design Associates of Springdale is the civil engineer for the project. McEntire & Co. of Vilonia will build the treatment units. Plans call for a system that is the largest of its kind in the state with a 0.3-acre treatment facility. Instead of being flushed into nearby waterways, the treated water will be sent to drip dispersal irrigation lines that will filter into soil in a 1.5-acre area.r

Hesse called the system “environmentally safe and easily expandable.” Orenco Systems of Oregon is the manufacturer of the treatment units, and Geoflo of Corte Madera, Calif., is the manufacturer of the drip dispersal irrigation lines. The city opened bids on the collection portion of phase one on Sept. 3 and is still in the process of evaluating other bids for the project. Phase one is expected to be complete in three months.r

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Puttkammer Adds More at Shadow Valleyr

Vance Puttkammer Homes Inc. recently purchased five building permits valued at a combined $1.2 million to build homes in the Shadow Valley subdivision in Rogers. The homes will be located at 5402, 5404, 5406, 5408, and 5410 Turnberry Road. Puttkammer Homes has provided the building plans for the five homes in phases two and three of the development. So far, Puttkammer has built 32 homes in Shadow Valley.r

Arvest Bank-Rogers is financing the construction.r

Charles Reaves is the developer of the 514-acre Shadow Valley, which is located west of the Pleasant Grove Road/Interstate 540 intersection. The $250 million development has homes ranging from 1,700-2,000 SF with an average selling price of $250,000.r

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South Walton Builds Morer

Pro Con Inc. is working on another building at South Walton Plaza.r

The 6,500-SF facility at 104 S.E. Executive Center Drive is valued at $820,000. South Walton Plaza is about a mile south of the home office for Wal-Mart Stores Inc. Pro Con, a partnership between Richard Werts of Bella Vista and Bob Berkhart of Bentonville, plans to begin construction on a 13,000-SF building in South Walton Plaza in the next month. r

United Bank of Springdale has financed most of the development.r

Space in South Walton Plaza leases from $1 per SF with limited finish. The entire 46-acre development will be valued at $30 million-$40 million when phased out. John Way of Fort Smith is the engineer, and Jim Mangold of Mangold Architecture and Construction of Rogers is the architect.r

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EWI Butters Bread at Butterfieldr

EWI Constructors of Fayetteville recently purchased two building permits valued at $773,700 to build two 4,461-SF duplex units as an addition to the existing Butterfield Trail Village retirement complex.r

The units are located at 1765 and 1767 E. Overland Drive and 1768 and 1770 E. Overland Drive. The construction is part of phase one of a two-phase expansion. EWI is the selected general contractor on the construction of 12 units in phase one.r

The structural engineer on the units is Rick Berry & Associates. Arthur Schutte & Associates of Omaha, Neb., is the architect. Village homes at Butterfield are purchased on a life lease for the original cost of construction and range from 1600-2000 SF. There are currently 20 cottages and 224 apartments in Butterfield Trail, a complex that opened in 1986.r

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Pagnozzi Catches Summersby Padr

Pagnozzi Properties of Fayetteville recently bought a building permit valued at $475,000 to build a home at 1187 N. Summersby Drive in the 40-acre Summersby subdivision in Fayetteville. The 6,304-SF home is part of the 50-lot development that began three years ago. Tom and Colleen Pagnozzi purchased lots 31, 34 and 38 from Summersby LLC in May 2003 for $118,000.r

Tom Pagnozzi is the former Golden Glove winning St. Louis Cardinals and University of Arkansas baseball catcher.r

Summersby LLC is a partnership between J.B. Hayes and Mark Foster. Jorgensen & Associates Engineering of Fayetteville is the engineer for the homes. No architect was needed.r

All but 12 lots have been sold in the 52-lot subdivision. Homes sell from $350,000-$700,000. Lots range from 0.5-one acre and start from 3,000 SF. First State Bank of Lonoke has financed the development.r

Foster is also a minority partner in Bridgewater Estates LLC. The development began cutting roads off of Bridgewater Drive in east Fayetteville for a new subdivision called Bridgewater Estates. Some lots are under contract already, and construction is expected to begin sometime this fall. The 30-lot subdivision features homes that will price from $600,000 to $1 million-plus. Lot sizes range from 2-3 acres, and homes will be 4,000 SF and up. Bridgewater purchased the 74 acres from Bob Gaddy of Fayetteville in November 2002 for $2.8 million.r

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Metropolitan National of Little Rock financed a $2.5 million mortgage for the development.r