Springdale Developer Launching Residential Projects in Centerton

A Springdale developer is gearing up to begin construction on two large residential neighborhoods adjacent to the sprawling Bentonville West High School campus in Centerton.

Rich Richardson, president of Can-Ark Diamond Realty, says the two neighborhoods — which sit north and west of the BWHS campus — will have a combined 467 single-family lots. Both projects are still making their way through the city’s large-scale development pipeline, but Richardson said construction on both neighborhoods could begin in March.

Richardson recently closed on 55 acres north of BWHS. He paid Fayetteville-chartered Signature Bank of Arkansas $866,000 for the property.

Lena Lewis and Cassie Elliott with Crye-Leike Realtors had the listing, and Jordan Jeter with Flake & Kelly Commercial Northwest was the selling agent.

The property will be developed as the Maple Estates neighborhood, with 192 lots. Crafton Tull of Rogers is the engineer on the project.

Richardson also has an 80-acre site west of BWHS, made up of two parcels, under contract for an undisclosed amount, with plans to develop that area as the Diamond Estates subdivision, with 275 lots. Earthplan Design Alternatives of Springdale is the engineer on the project.

The land is currently owned by Morningside Development of Centerton LLC, an entity controlled by Dale Lancaster of Boothbay Harbor, Maine.

Richardson said the Craftsman-style homes will range in size from 2,000 to 3,000 SF, with list prices between $250,000 and $350,000. Each neighborhood will include a swimming pool, green area and clubhouse.

C3 Inc. of Springdale, led by Joey Stevens and Kirby Burks, will be the preferred builder. Richardson said he expects to build homes on approximately 50 percent of the lots, and make the rest available for sale to a group of approved home builders.

BWHS, an $86 million project, is scheduled to open in August. The 430,000-SF campus will have a capacity for 2,250 students.