Work to Begin on 140-Unit Luxury Apartment Complex Near Downtown Bentonville

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A new 140-unit 'luxury' apartment complex called Lanterns on 4th is set to be built within walking distance of downtown Bentonville, Arkansas. The $32.25 million project will feature studio, one-, and two-bedroom units across 193,800 square feet, including a parking garage. The development is located just two blocks from Walmart's headquarters and will provide easy access to local attractions like the Momentary, downtown square, a future Live Nation amphitheater, and the regional trail system.

Why it matters

The new Lanterns on 4th apartment complex is a significant development that aims to accommodate the ongoing growth in the Bentonville region by providing high-end residential options in a prime downtown location. As Walmart's global headquarters and a hub for the company's workforce, Bentonville has seen rapid population and real estate expansion in recent years, making projects like this important for meeting the demand for housing.

The details

The Lanterns on 4th apartment complex will comprise 193,800 square feet, with 155,040 square feet dedicated to the residential units. The remaining space will be used for a parking garage. The project is being developed by Randall Hinton Development, with modus studio serving as the architect and interior designer, Ecological Design Group as the civil engineer, and Buffalo Builders as the general contractor. The apartments will offer studio, one-, and two-bedroom floor plans, although the specific square footage of each unit type has not yet been determined.

• The $32.25 million Lanterns on 4th project is expected to be completed by January 2028.
• Construction on the new apartment complex is set to begin in the near future.

What they’re saying

What’s next

The Lanterns on 4th apartment complex is expected to break ground in the near future, with a targeted completion date of January 2028.