Luxury apartments coming to Conway, first project on site of former airport

Central Landing Development revealed plans to build a $70 million development that will include 339 luxury apartments over 18.7 acres of the mixed-use development. (Photo: Conway Development Corporation)
Central Landing Development revealed plans to build a $70 million development that will include 339 luxury apartments over 18.7 acres of the mixed-use development. (Photo: Conway Development Corporation)
Central Landing Development revealed plans to build a $70 million development that will include 339 luxury apartments over 18.7 acres of the mixed-use development. (Photo: Conway Development Corporation)
Central Landing Development revealed plans to build a $70 million development that will include 339 luxury apartments over 18.7 acres of the mixed-use development. (Photo: Conway Development Corporation)

CONWAY (KATV) —

Central Landing Development has announced the first project expected to break ground where the Conway airport originally stood.

The announcement revealed plans to build a $70-million development that will include 339 luxury apartments over 18.7 acres of the mixed-use development.

Central Arkansas developer and Burkhalter Technologies Inc. CEO, John Burkhalter, released this statment about the project.

Conway’s economy is strong and growing. We believe the Conway area market is ready for an upscale apartment home community that provides the amenities, services, and standard of living that professionals can expect from a Fountaine Bleau property. Central Landing is a perfect location for this style of luxury apartment home living. We look forward to being a part of this vibrant and engaging community.

The Central Landing development is made up of over 150 acres of redevelopment from what was once Conway’s airport site.

The land was purchased from the city of Conway by the Conway Development Corporation in December of 2017.

“Since closing on the Central Landing property earlier this year, we’ve been balancing an urgency to develop with a desire to develop well,” said Jamie Gates, Executive Vice President of the Conway Development Corporation. “Today’s announcement accomplishes both goals by bringing luxury housing and economic firepower to the project.”

The city of Conway has invested more than $25 million in related transportation infrastructure since relocating the airport.

Conway Mayor Bart Castleberry says the announcement is a positive sign of things to come.

The 6th street overpass, Central Landing Boulevard, and the extension of Bruce Street are already changing the way people move around the city. Today’s announcement shows that those projects also change the way our city develops.

The Central Landing Development has also been confirmed as an "Opportunity Zone".

Opportunity zones were established by Congress to encourage strategic long-term investments that benefit the community. The Opportunity Zone program provides a tax incentive for investors to re-invest their unrealized capital gains into business activities that are within the zone.

Form more information about the project, click HERE.

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