Press Release
September 17, 2026

Capstone Building Corp. Begins Construction on $45.1 Million Multifamily Apartment Development in Arkansas

Capstone Building Corp. Begins Construction on $45.1 Million Multifamily Apartment Development in Arkansas

Birmingham, Ala. Capstone Building Corp., a premier multifamily general contractor headquartered in Birmingham, Alabama, has officially begun construction on The Emerald, a $45.1 Million multifamily apartment developmentlocated in Centerton, Arkansas. The project marks Capstone Building Corp.’s continued growth across the country as the company brings its multifamily construction expertise to the growing Northwest Arkansas region.

Courtesy: Photo by Capstone Building Corp.

Located at the intersection of E. Centerton Boulevard and Womack Road, The Emerald will encompass 312,414 square feet and feature 256 units across nine residential buildings, along with a dedicated clubhouse. Capstone Building Corp. is serving as the general contractor, with The Kalikow Group and EYC Companies serving as developers. S. Robert Andron, AIA, is the project architect and Chris Bakunas is the civil engineer.

“Multifamily construction has been a cornerstone of Capstone Building Corp.’s work for nearly three decades, and we are proud to bring that experience to The Emerald,” states Chad Carpenter, Senior Estimator at Capstone Building Corp. “We are grateful to The Kalikow Group and EYC Companies for entrusting Capstone Building Corp. with this project and look forward to working alongside their teams to deliver a high-quality community that will serve the growing Centerton community for years to come.”

Designed to offer residents a combination of elevated finishes and community-focused amenities, the development will feature a resort-style pool, pickleball courts, fire pits and gathering areas, and retail areas integrated within the apartment buildings. Interior residences will include luxury vinyl tile flooring, tiled kitchen backsplashes, tile tub and shower surrounds, stainless steel appliances and granite countertops.

Completion is anticipated for Summer 2028. This is Capstone Building Corp.’s third project with The Kalikow Group.

ABOUT CAPSTONE BUILDING CORP.

Capstone Building Corp., headquartered in Birmingham, Alabama, is a trusted independent general contractor serving clients across the Southeast and beyond. Since 1997, Capstone Building Corp. has specialized in multifamily, senior living, build-to-rent, mixed-use and other complex construction developments and projects. The company has completed a diverse portfolio of more than 130 projects across 22 states, providing expertise throughout design development, pre-construction, construction and post-construction. With an additional office in Tampa, Florida, Capstone Building Corp. continues to expand its reach while remaining rooted in its core values.

Guided by its purpose to build relationships that matter and deliver value that lasts for its people, clients and communities, Capstone Building Corp. has established a client-focused approach and a culture of exceeding expectations. Built on unconditional standards of performance, service and integrity, the company has earned a high rate of repeat business while remaining committed to delivering quality craftsmanship, efficient project execution and long-term value on every project. Its extensive portfolio includes high-end residential developments, luxury senior living communities, build-to-rent communities, mixed-use developments and other multifaceted projects. For more information on Capstone Building Corp., visit www.CapstoneBuilding.com.

Source: Capstone Building Corp.

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