New $1 billion neighborhood development to begin construction in Fayetteville

Construction Begins on $1B Mixed-Use Neighborhood in Fayetteville

Infrastructure construction has started on a planned $1 billion mixed-use neighborhood in Fayetteville, a 15-year project led by developer Specialized Real Estate Group Inc. of Fayetteville. Drake Farms would bring 2,400 homes and 1.3 million SF of health care, medical and commercial space across 165 acres. The project’s first phase, scheduled to be completed in 2026, includes multifamily residences, shared amenities, and office space designed t…

New $1 billion neighborhood development to begin construction in Fayetteville

Drake Farms promises 165 acres of housing, medical, and commercial space across a 15-year development plan.