Board Chair Madison Murphy announces the Trustees' decision at a news conference.
The Hendrix Board of Trustees voted at the May board meeting to approve the first phase of The Village at Hendrix, a residential and retail community that will be built on 100 acres of undeveloped land owned by the college across the street from the campus.
Ground-breaking for the first of five possible neighborhoods is expected to begin in spring 2007. The first neighborhood will include the following elements:
- 68 single family detached houses
- 23 townhouses and live/work homes
- 75 apartments
- 69,683 square-feet of retail/office space
The Board selected Traditional Neighborhood Development Partners, LLC, of Durham, N.C., as project developers. The company specializes in the creation of compact, walkable, mixed-use neighborhoods that feature excellent architecture and high-quality buildings. Among TND Partners’ projects is Trinity Heights, an award-winning project adjacent to Duke University’s East Campus, which has become one of Durham’s most popular neighborhoods.
Hendrix President J. Timothy Cloyd said The Village at Hendrix will be the first fully developed neighborhood in Arkansas to adopt New Urbanist principles that promote the revival of traditional neighborhoods.
Cloyd anticipates that The Village at Hendrix will be developed in five phases over the next 10 years. The goal of commercial offerings will be to enhance the community by adding amenities and services such as a corner grocery, a coffeehouse, a bookstore and an ice cream shop, a charter school and a hotel.
For more details about The Village at Hendrix and other new projects and programs, visit our Hendrix on the move site.