Parkway Plaza To Be Built On 27 Acres in Springdale
by Arkansas Business Staff on Thursday, Oct. 12, 2017 9:50…
by Arkansas Business Staff on Thursday, Oct. 12, 2017 9:50 am 1 min read
The planned Parkway Plaza development is slated for the southeast corner of Gene George Boulevard and Don Tyson Parkway in Springdale. (Sage Partners)
The planned Parkway Plaza development will be built within the vicinity of Springdale’s Arvest Ballpark and Arkansas Children’s Northwest. (Google Earth)
Sage Partners and Griffin Co. Realtors on Thursday announced the development of a 27-acre office and mixed-use development called Parkway Plaza, expected to begin construction in early 2018 near the intersection of Interstate 49 and Don Tyson Parkway in Springdale.
Sage Partners has partnered with Southwest Springdale Forty-Nine LLC to serve as the developers of the project.
The firm said Parkway Plaza will offer a park-like setting with walking trails, green spaces and views of the Ozark Mountains. It will be built near Arkansas Children’s Hospital, Arvest Ball Park and Sam’s Club.
“This development has been in the works for the past two years and the timing is right to bring it to the marketplace,” Greg Taylor of Griffin Company Realtors said in a news release. “Parkway Plaza will solidify Springdale as a major player in the future growth and development of northwest Arkansas, and, with the new Children’s Hospital preparing to open early next year and the extension of Don Tyson Parkway west to Highway 112, the demand for new office space in that area will be even greater.”
The development will include commercial lots for sale that could appeal to hotels and restaurants. There will also be ground lease and build-to-suit options and multi-story office buildings.
As interest in lease space increases, Southwest Springdale Forty-Nine is prepared to construct a 40,000-SF multi-story office building in the near future, according to the release.
Arkansas Business will update this story.