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Last updated on Friday, October 7, 2016, 10:50 am

Springdale developer stays busy in Centerton

Springdale developer Rich Richardson, president of Can-Ark Diamond Realty Holdings LLC, said he will break ground in November on a new 340-unit, multifamily community on Arkansas Highway 102 in Centerton. The development will be called Watercolor and be located just to the west of Greenhouse Road. Richardson recently acquired the 21-acre property for $2.27 million ($2.49 per SF) from a group of investors that included Bob Laman, Roger Boskus and Jim von Gremp. Jordan Jeter with Flake & Kelley Commercial in Springdale brokered the deal. Centerton planners have approved Richardson’s planned unit development (PUD) proposal, subdividing 15.5 acres for the multifamily development and 5.5 acres for a commercial office/restaurant/retail use, anchored by a 25,000-SF retail/office building.... [ MORE ]

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