Real estate company Blue Crane recently closed an acquisition of the majority of land holdings of Cooper Communities in Bella Vista. The purchase includes Cooper’s developer rights, as well as approximately 2,700 acres of undeveloped land located throughout the city and Benton County.
In March, Blue Crane revealed a separate real estate acquisition for approximately 54 acres on Mercy Way in Bella Vista in three separate deals, including the Sugar Creek Shopping Center.
While Cooper Communities will no longer be the developer, the company will continue to own and operate commercial and residential investments in Bella Vista. There will be no changes to the Operations of the City and Property Owners Association (POA), including the more than 100 miles of professionally built multi-use trails.
“Blue Crane is focused on creating high-quality, community destinations. Our intent is to be good partners in realizing Bella Vista’s legacy as a vibrant place to live, work, and play,” Blue Crane Vice President Farris DeBoard said.
Additional information will be released as plans are developed.
“We understand that this is a big announcement for many people. It is for us, too,” said Tom Walton, co-owner and CEO of Runway Group, the parent company of Blue Crane. “As we consider our developments, we plan to bring in the community as part of that process. We believe deeply in Bella Vista’s tradition of connecting people to nature through cycling, golf, and outdoor recreation, and we are confident our investments will reflect that.”
For more information about the acquisition, click here.
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