Sunday, May 31, 2009

Crystal Bridges Permits Granted: Development to Continue in Northwest Arkansas

Late last week, over $30 million in building permits were granted to Crystal Bridges Museum of American Art. According to the Arkansas Democrat-Gazette, the museum received the permits on May 21st.

Announced in 2005, the museum was originally scheduled to open in May of 2009. The end date was reset to 2010 last year, and now, there is no target date. Virginia Germann, Director of Museum Relations for the privately-funded museum, won’t comment on a target date for completion. Many construction experts within the Northwest Arkansas community predict that construction may be completed closer to July 2011.

Even after the museum is completed, there will be a delay before its opening. Lance Blasi, the Chief Building Inspector of Bentonville, claimed, “You know that new car smell’? That has to be gone before they can bring the artwork in. It damages the art work, so I’m told.”

Eight separate permits – ranging from $1.2 - $14.5 million have been secured. Permits account for areas including: the Administrative building, tower and parking garage, museum store, museum area, dining and service area, and mechanical area. Permits do not account for construction progress.

The Crystal Bridges Museum of American Art is a partnership between Wal-Mart heiress, Alice Walton, and the Walton Family Foundation.

Crystal Bridges Museum of American Art will be a world-class museum that is a magnificent contribution to Northwest Arkansas growth. Interested in investing in commercial or industrial property in NW Arkansas? Visit Northwestarkansasland.com to see mixed-use and commercial use real estate properties located in Bentonville and near the Northwest Arkansas Regional (XNA) Airport. Click here for more information.

No comments: