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Economic Development
The Future of Fayetteville Survey a Success!
The Fayetteville Chamber of Commerce Economic Development Team and the City of Fayetteville would like to thank all who participated in the Future of Fayetteville Survey. The Chamber of Commerce is pleased to announce that the survey received overwhelming response and exceeded its goal
of 380 responses by receiving over 400 total responses in only three weeks! This is a great testament of just how supportive our community is. The survey is now closed and we have begun analyzing the results. Be sure to look out for a report of our findings which we will provide here on the Economic Development web page. Thank you again for all of your support!
New Developments Coming to Fayetteville, Arkansas!!
Buffington Homes of Arkansas LLC Paid $1.85 million for 50 Lots
Buffington Homes of Arkansas LLC has purchased 50 lots of Horsebend Estates in Fayetteville. Buffington paid White river Bancshares Co. a total of $1.85 million for the property. White River is the holding company for Signature Bank of Arkansas. The previous owner is BLG Development LLC. Horsebend Estates is north of state Hwy 45 and east of state Hwy 265, about four miles from the intersection of Township St and North Crossover Rd on the east side of Fayetteville.
Ulta Beauty Store is coming to North Fayetteville
Ulta Beauty store of Bolingbrook, IL, has started retail finish-out at 3835 N. Mall Ave in Fayetteville, AR. The store will be between 10,000 and 12,000 SF. General contractor is Commercial Contractors Inc. of Grand Haven, MI, while subcontractors include Bill's Electric Inc., Webb's Plumbing Co., and Red Star Heating & Air Inc., all from Fayetteville. Ulta has about 350 stores nationwide with net sales of $396 million in 2009. The company plans to open 46 stores in 2010.
Maurices opens its fifth northwest Arkansas store in the Northwest Arkansas Mall in Fayetteville. Maurices is a national apparel and accessories chain that caters to young female shoppers. The store is 5,900 SF and will feature denim tees, hoodies, pants, dresses, tops, shoes, and boots. Maurices' brands include Studio Y and
Maurices Opens 5th Store in Northwest Arkansas
Maurices opens its fifth northwest Arkansas store in the Northwest Arkansas Mall in Fayetteville. Maurices is a national apparel and accessories chain that caters to young female shoppers. The store is 5,900 SF and will feature denim tees, hoodies, pants, dresses, tops, shoes, and boots. Maurices' brands include Studio Y and Wear@Work. Maurices is a division of Dress Barn Inc. of Suffern, NY. It has stores in Rogers, Siloam Springs, Fort Smith and Harrison. This new store
will be its 14th store in Arkansas.
Jo-Ann is coming to Fayetteville
Jo-Ann Fabrics & Crafts store is slated to open in August. It will be located at 3835 N Mall Ave where the former Goody's Family Clothing store was. Benchmark Construction NWA is the contractor to remodel the facade of the store. A building permit valued at $350,000 was purchased by the contractor. Local subcontractors from Fort Smith, West Fork, Bella Vista, Rogers, Springdale and Fayetteville will be on hand to work on the finish outs.
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Two Commercial Starts at Twin Creeks Village
Two office buildings are currently under construction in the Twin Creeks Village. Twin Creeks is at the intersection of Gregg Avenue and Van Asche Dr. The first building is located at 161 W. Van Asche Dr., Ste. 101. Van Tassel-Proctor Inc. is the construction company and a building permit valued at $781,871 was purchased to build the one-story building. The building will be 7,428 SF and Leonard Boen Enterprises is the owner of the project. McClelland Consulting Engineers of Fayetteville
provided the civil engineering on the site. The site is 0.99 acre in size.
The second building under construction will be located at 245 W Van Asche. CR Crawford Constrution Co. of Fayetteville is the contruction company. This will be a dental clinic for Lance Osborne. The building sits on 0.58 acre and it is 3,500 SF.
Twin Creeks still has 11 lots available ranging from 0.70 to 2.90 acres in size. Total acreage is 34.4 acres. The land is zoned C-1 and the area is suitable for medical, restaurant and free standing offices.
Local Opening Farrell's Lounge, Bar and Grill
Tim Farrell Jr. and his father will soon be new owners of the Farrell's Lounge, Bar and Grill located in the heart of Dickson Street. The "open and inviting" space of 3,683 SF space will make room for booth seating, lounge furniture and several flatscreen TVs. There will be live music and roughtly 30 beers on tap at the non-smoking establishment. Total new hires could reach 12-15 people. The new lounge is located at 311 W Dickson and is scheduled to open in time for the fall.
Subway's 8th Store Opening in Fayetteville
Sage Partners, representing Subway restaurants, has recently reached an agreement for Subway to open its 8th store in Fayetteville at the intersection of College Avenue and Ash Street.. The store has 2,000 SF space and is expected to open this summer.
$10 Million Grant from the Donald W. Reynolds Foundation to help build an addition to Vol Walker Hall, UA
The Fay Jones School of Architecture at the University of Arkansas in Fayetteville, Arkansas, is getting a $10 million grant from the Donald W. Reynolds Foundation to help build an addition to Vol Walker Hall. The addition will be named the Steven L. Anderson Design Center, pending UA Board of Trustees approval, in honor of the foundation's president who is a 1976 graduate of the UA School of Architecture.
Marlon Blackwell Architect of Fayetteville, in partnership with Polk Stanley Wilcox Architects of Little Rock, will be designing the addition. The 31,000 SF addition is scheduled to begin in 2011 and will be finished no sooner than the fall of 2013. Concurrent to the construction of the center which is expected to cost $12.9 million, renovation of Vol Walker Hall would also begin at an estimated cost of $19.8 million, bringing the total cost of the porject to an estimated $32.7 million.
Fay Jones, an Arkansan, was a one-time student of Frank Lloyd Wright and was considered one of the greatest architects of the 20th century, having won the AIA Gold Medal, the American Institute of Architects' highest honor, in 1990.
Improvements on Northwest Arkansas Regional Airport
Northwest Arkansas Regional Airport is adding new terminal gates. Construction for the addition has begun and it should be complete in the fall of 2011 according to Scott Van Laningham, the airport's executive director. CDI Contractors is in charge of the project. The new addition will add 11 gates to the east side of the termnal. The configuration will eliminate three gates, resulting in a net gain of eight gates. There will be boarding bridges which span from the terminal to airplane
doors at each of the new gates. One of the bridges will also work for wide-body jets. The project is worth over $20 million.
Happy Hollow Elementary School
Sharon Pepple, Happy Hollow's principal, broke ground on April 28th for the new 65,000 SF elementary school. The school is scheduled to open in August 2011. It will accommodate 500 students and it is built on a 33-acre site once part of the 120-acre Happy Hollow Farm. The new school will cost $10 million.
Park Centre LLC
A new 105,000 square-foot retail and office development is coming to north Fayetteville in Arkansas. Park Centre LLC is preparing the site and the development is planned to be ready in January 2011. Park Centre will be located on the north side of Zion Road at Vantage Drive. The development will feature a 69,000 SF medical and professional office building and two retail and service buildings totaling 36,000 SF. Hank Kelly of Flake & Kelley Commercial is a co-managing
member of Park Centre LLC. Two major tenants that have already secured space in the development are Garver Engineers and Ozark Dermatology Group. This development will cost about $10 million to build. Miller Boskus Lack Architects PA of Fayetteville serves as architects as well as partners of the project. Kinco Construction is the general contractor while H2 Engineering Inc. is the civil engineer for the project. NEC Inc of Rogers will oversees the asphalt and paving.
Acticut International AB
Acticut International AB from Sweden has announced that it will establish a new worldwide corporate office in Fayetteville, AR. Acticut designs and manufactures products involved in the wood- and metal-cutting industries, particularly in reducing vibration caused by the cutting motion. Articut will perform research and development, sales and marketing, and manufacturing in the Fayetteville facility. It is expected to employ about 10 people in its first year of operations. Acticut
hopes to expand that number to 20 or more the following year. The company has not picked the location or the amount of space needed yet.
Walmart Neighborhood Market
A new Walmart Neighborhood Market is now under construction along Wedington Drive.
A New Church along Wedington Drive
First Baptist Church of Springdale and The Church at Pinnacle Hills are expanding their mission into Fayetteville. Plans are underway for construction of a roughly 15,700 SF building scheduled to begin this summer. The new building will have Sunday school classrooms, office space and a 344-seat worship center. The new church is expected to be located on Wedington Drive.
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Fayetteville, AR makes the Top Lists
US News and World Report in its newly released "2011 America's Best Colleges" guide, ranked University of Arkansas' Supply Chain Management and Logistics Specialty among the top 25 nationally.
No. 15: Fayetteville led the way for Arkansas in Forbes' annual list of the top 100 metropolitan areas in the nation for businesses and careers.
US News and World Report ranked the University of Arkansas' Sam M. Walton College of Business and the School of Law in the top tier of its 2011 edition of America's Best Graduate School.
No. 7: Top College Sports Towns, 2010 Forbes
No. 4: Best Places for Business and Careers, 2009 Forbes
No. 9: Healthiest Housing Markets, 2009, Builder magazine
No. 6: Top College Sports Towns, 2009 Forbes
No. 7: Best Places to Live, Work and Play, 2008, Kiplinger
No. 2: Best Cities for Recession Recovery, 2009, Forbes.com
No. 6: Smarter Cities Ranking, 2009, Natural Resources Defense Council
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