JONESBORO, AR (KAIT) - A new master planned community will sit on Hilltop in Jonesboro.
Greensborough Village Town Center will cover more than 200 acres and is the first of its kind in the city.
The owner of the property, Greensborough Investments, LLC, purchased the property in 2013 and hired the commercial real estate and development firm, Halsey Thrasher Harpole, to develop it.
"It's like building a city inside the city," managing partner Gary Harpole said. "It's going to be one of the most impacting developments probably in the history of Jonesboro."
The community's future 2,000 residents will be able to do anything they need all in one place: right outside their door.
"Buy your groceries, take care of your cell phone bill, bank here, go to a restaurant, get a cup of coffee, do boutique-type shopping, go to the pharmacy, visit a physician," Harpole said. "Greensborough Village is going to offer people a quality of life that they haven't been able to have before."
Harpole and his managing partners are currently negotiating with the specific retailers that will offer such a quality of life to residents. He hopes to announce who is coming to town within the next few weeks.
Residents should also expect to see new street infrastructure, mainly changes to 351.
"We're hoping to have a five lane or some type of boulevard that goes through," managing partner Jerry Halsey, Jr. said. "To help alleviate some of the traffic as you can see."
Halsey said he does not know yet when drivers will see changes on 351.
The partners are currently in the rezoning process. They go before the city's Metropolitan Area Planning Commission Tuesday. Then if the city council gives its approval, the development firm can move on with construction.
Halsey said the firm has worked closely with the city since the process started two years ago.
"Everyone in city leadership, City, Water and Light and Arkansas State University have been involved in the decision making," Halsey said. "We feel like this is such a big development for Jonesboro that we did not want to make mistakes."
Harpole said he hopes to see steel coming out of the ground in about six weeks. The entire project will take seven to ten years to complete.
"This is going to be a true destination place that will draw even more people to want to live in this particular type of development," Harpole said.