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Fayetteville's Drake Farms Development Underway
New 165-acre mixed-use project to include healthcare, housing, and local businesses.
Published on Mar. 4, 2026
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Specialized Real Estate Group, a Fayetteville-based developer, announced the start of construction on a 165-acre mixed-use project called Drake Farms in Fayetteville, Arkansas. The development will include healthcare services, housing, and local businesses.
Why it matters
The Drake Farms project represents a significant investment in Fayetteville's continued growth and development, bringing new residential, commercial, and healthcare options to the area. As a mixed-use development, it aims to create a more walkable, integrated community.
The details
The Drake Farms development will span 165 acres and feature a variety of components, including healthcare services, housing, and local businesses. Specialized Real Estate Group, the Fayetteville-based developer leading the project, is focused on creating a cohesive, community-oriented space.
- Construction on the Drake Farms development began in March 2026.
The players
Specialized Real Estate Group
A Fayetteville-based real estate development company overseeing the Drake Farms project.
What’s next
The Drake Farms development is expected to be completed in phases over the next several years, with the first phase of construction focused on the healthcare and residential components.
The takeaway
The Drake Farms project represents Fayetteville's continued growth and investment in creating mixed-use, community-focused developments that integrate housing, healthcare, and local businesses to better serve the needs of residents.
