Built in the late 1960s, the four building apartment complex near the University of Arkansas campus in downtown Fayetteville was a testament to its time, complete with dark paneling, shaggy carpeting, closed off rooms and dank kitchens and baths. When new owners purchased the property in 2010, the 96-unit complex was in dire need of an update.
Despite the condition of each apartment, the complex was structurally sound, and the downtown locale offered all the benefits of urban living, with easy access to campus and the Fayetteville trail system, as well as shops and restaurants. “There was tremendous potential here to renovate these units in an economically feasible way and create a healthy, sustainable setting,” says Jeremy Hudson, partner in MC3 Multifamily real estate management and one of the developers of the property. “We saw an opportunity to make this a truly green apartment complex and offer a style of living that didn’t exist here.”
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