Developer planning 3 Bentonville real estate projects

FILE -- The Preacher Son restaurant as well as the Bentonville water tower and Midtown building in downtown Bentonville Arkansas.
FILE -- The Preacher Son restaurant as well as the Bentonville water tower and Midtown building in downtown Bentonville Arkansas.

Bentonville-based Newell Development has begun construction on one project and expects to break ground on two more this year, the real estate firm said recently.

Combined, the three projects are valued at more than $100 million, according to a news release. All the projects are in Bentonville, close to the Razorback Greenway and combined will add more than 500 residential units to the area.

Newell Development broke ground on Coler Crossing, a 60-unit walk-up apartment complex at N. Walton Boulevard and Third Street last month. In October, plans are to break ground on Main and A, a 221-unit mixed-use development located along SW A Street and Main Street, adjacent to 14th Street. By the end of they year, in partnership with Elevate Commercial Investment Group, Newell is expected to begin work on Midcity Commons, a 236-unit mixed use property at SE 28th Street and John Rollow Drive.

"We're inspired by our investments in Bentonville and across our region, especially when we see our residents leading active lifestyles ... walking, biking, and gathering with friends outdoors," Jake Newell, founder and chief executive officer of Newell Development, said in a statement. "Our new developments are no exception as we continue to weave these spaces with the fabric of our growing workforce and adding greater access and quality of life."