Olive Street Apartments Open in Rogers
The newly constructed Olive Street Apartments, located at 700 N. 24th St. in Rogers, features 60 units across three stories and represents an investment of approximately $13 million in attainable housing. This initiative has been supported by the Walton Family Foundation and developed by the Bentonville-based nonprofit Community Development Northwest Arkansas. Project collaborators include Burckart Construction Inc., Halff, and Henry Architecture.
Key Features
- Location Benefits: The apartments are strategically positioned near the Razorback Greenway, providing residents with easy access to jobs, recreation, grocery stores, healthcare, and transportation.
- Unit Composition: The development consists of two-bedroom, two-bathroom units.
- 33 units are designated for families earning under 80% of the area median income.
- 12 units are set aside for those earning under 50%.
- The remaining 15 units are available at market rates, with rents ranging from $1,075 to $1,450.
Kleinhenz emphasizes that this project enhances economic opportunities and quality of life for the community.
Additionally, approximately 0.65 acres of land was donated to the city of Rogers for public open space, further enhancing community resources.
This development marks a significant step in providing accessible housing solutions while promoting community integration and growth.
