ST. LOUIS, MO – Mia Rose Holdings LLC has closed the land and loan for a new Class-A multi-family community known as ‘The Junction at Shiloh’ in Fayetteville, Arkansas. Financial details of the deal were not disclosed.
The Junction at Shiloh will feature 12 studio, 118 one-bedroom, 35 two-bedroom and 12 three-bedroom high-end units.
This is the fifth community that Mia Rose Holdings LLC is strategically developing alongside Northwest Arkansas’ Highway 49 as part of its ‘49 Growth Plan’ to support the immense growth of the region.
| Tom Kaiman
| Conveniently located on North Shiloh Drive at the Stephen Carr Memorial Boulevard exit, the community will attract a wide demographic tenant base due to its location along Highway 49 with proximity to both the University of Arkansas and the major employers in the region.
The community will also have direct access to Hamestring Creek Trail. Construction is scheduled to begin in the third Quarter of 2023 and the first units will begin opening mid-year 2024.
With other developments in Springdale (234 units), Lowell (152 units), Rogers (226 units) and Bentonville (200 units), Mia Rose Holdings has committed to approximately 1,000 units of multi-family housing to support the region’s incredible growth, as vacancy rates in the Fayetteville and surrounding areas remain historically low.
| University of Arkansas
| “Our vision from day one in Northwest Arkansas was to be a helpful and respectful development partner to assist the region in their growth and to provide essential needs like appropriate and affordable housing," said Tom Kaiman, Founder of Mia Rose Holdings.
"The population growth spurred by the leading companies and their families has been super impressive to witness. Their reinvestment in the community is really something special the rest of the nation should be watching.”
CONTACT
Rachel Brown rbrown@synergy-pr.com
314.266.7035 |
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