Maumelle Senior Home in Works

A senior living center is planned for 5.85 acres at the corner of Country Club Parkway and Diamond Park Lane in Maumelle. (Parcel dimensions approximate.)

Did you know a 120-unit senior living project is in the works in Maumelle?

An affiliate of Minnesota’s Silver Creek Equity, bought the nearly 6-acre site for $855,000.

The property is on the north side of Country Club Parkway at Diamond Park Lane.

Seller: Country Club Development LLC, led by John T. Wright.

Wrong Answer

We thought we stumbled across a whopper of a real estate transaction: $3.1 million for a nearly 1-acre, undeveloped commercial site in Benton.

That equates to a jaw-dropping $74.50 per SF.

An insider informs us that the number is really, really wrong.

Although the deed clearly bears a $3.1 million valuation, we’re told the outparcel at the Hickory Square Shopping Center closed at around $14 per SF. That cyphers out to about $585,000.

We understand the site at 17060 Interstate 30 Frontage Road will become home to a Bridgestone Tire Center.