New Urban Development Coming to Fayetteville

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A new land designation could create a hot spot in north Fayetteville.

In the next ten years, a 185 acre plot of land could be the next hub in Northwest Arkansas.

 It’s located between Interstate-49 and Drake Street, and while no hard copy plans have been made for this area, City Planning Commission officials said, this type of zoning allows for some of the widest variety of development in city code.

“Our downtown neighborhoods are some of the most vibrant places in the country,” Matt Hoffman, City Planning Commission said.

In a 6 to one vote Monday the planning commission approved this 185 acre plot of land to be rezoned for urban development.

“An urban thoroughfare really asks those developers and designers to move the buildings up closer to the street  hopefully in a way that really benefits people getting out on their bikes and taking a walk,” Hoffman said.

A survey done by the Commercial Real Estate Brokerage Firm of Northwest Arkansas in February, shows Fayetteville’s average apartment occupancy rose to 98.5 percent, the highest ever recorded.
So Hoffman said this kind of development is proactive for Fayetteville’s Future.

“We have now, 185 more acres worth  of prime developable property within the city that will get us farther down the road to implementing our vision for the city,” Hoffman said.

In addition to added housing options, it will create a live-work-play style community.

“There will be green spaces that will be usable by all of the residents there so public green spaces, hopefully great streets capes that reward walking, it’s really going to be a pretty varied mix,” he said.

But the sole nay vote on the rezoning came from Tracy Hoskins, who said he worries the plan is incomplete.

“Part of good development is knowing how you’re going to access these properties,” Tracy Hoskins, City Planning Commission said.

And he said expansion to the infrastructure around this area will need to be overhauled.

“Which considering the amount of traffic it carries, it’s a very narrow very unimproved road.  I don’t think drake street on it’s own will be able to handle 185 acres of urban thoroughfare development,” Hoskins said.
 
The recommendation for the rezoning goes to the city council for vote next month.
If approved, the development company can get to work making hard plans for the area and once construction gets started it will take about 10 years to complete.
 

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