Spring Creek Village, a mixed-income, multi-family community in east Springdale, will break ground mid-year of 2022, the City announced on Tuesday. The project will increase housing availability in Northwest Arkansas and present a new, scalable model aimed at meeting the demand for affordable housing. The public-private partnership with the City of Springdale is led by Sterling Hamilton of Cushman & Wakefield | Sage Partners; Thom Embach of Leisure Homes Corporation; and Casey Kleinhenz of Community Development Corporation of Bentonville.
The development team will rely on City infrastructure contribution, Opportunity Zone tax incentives and non-competitive development funds to underwrite the affordable portion of the project. The availability of these sources increases the chance that the project not only succeeds in Springdale, but replicates in Northwest Arkansas and beyond.
The 6.3 acre project site is located one mile east of The Jones Center in Springdale, near Emma Avenue and McCullough Drive. Residents will have multimodal access to City amenities via a new connection to the Dean’s Trail spur of the Razorback Greenway. The site design of Spring Creek Village is a collaborative effort of Civil Design Engineers, Inc. and Core Architects.
Photo Credit: Core Architects
READ ALSO: Editor’s Letter: Population Shifts Prove Prophetic
The post New Rental Community in Springdale to Bring Affordable Housing to NWA appeared first on AMP.