ECO Modern Flats

Format
Full

City
Fayetteville

State/Province
AR

Country
USA

Metro Area
Fayetteville (AR)

Project Type
Multifamily Rental

Location Type
Other Central City

Land Uses
Multifamily Rental Housing

Keywords
Energy-efficient design
Healthy place features
Millennials
Renovation
Student housing
Sustainable development
Wellness features

Site Size
2.9 acres
acres hectares

Date Started
2010

Date Opened
2011

ECO Modern Flats is a 96-unit multifamily rental project on a 2.9-acre site in Fayetteville, Arkansas, home to the University of Arkansas. The $7.4 million development project involved the complete renovation and repositioning of four three-story buildings first built between 1968 and 1972. The project includes both sustainable design and wellness features and has been targeted to an underserved rental market of young professionals 20 to 30 years of age

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Website
www.ecomodernflats.com

Developer
Specialized Real Estate Group
Fayetteville, Arkansas
www.specializedreg.com

Architect
Modus Studio
Fayetteville, Arkansas
www.modusstudio.com

Equity partner
Robert Dant
Portland, Oregon

Construction financing
US Bank (Arkansas)

Permanent financing
Grandbridge Real Estate Capital
Atlanta, Georgia

LEED consultant
VIRIDIAN
Little Rock, Arkansas
www.Viridianusa.com

Construction manager
The H7 Group

Site contractor
Town Builders Inc.

Interviewees for the case study

Jeremy Hudson
Chief executive officer
Specialized Real Estate Group

Chris Baribeau
Principal architect and
cofounder
Modus Studio

Sarah King
Head of marketing and
community outreach
Specialized Real Estate Group

John Coleman
Former sustainability director
City of Fayetteville

Videos
youtube.com/user/ULITV