Drake Farms Opened New Fayetteville Apartment Units
Renters in Fayetteville can now lease new apartments at 2841 N. Mansfield Ave. starting at $1,249 per month.
Updated on Oct. 13, 2026 in Apartments
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Drake Farms has officially started leasing studio, one-bedroom, and two-bedroom units at 2841 N. Mansfield Ave. in Fayetteville. This new development is the latest phase in a massive, multi-year expansion project.
Why it matters
The development introduces high-efficiency housing options designed to meet the 2021 International Energy Conservation Code. It signals a shift in the local housing landscape as part of a long-term $1 billion investment plan.
Monthly rents start at $1,249 for 490-square-foot studios, $1,499 for one-bedroom units, and $1,850 for two-bedroom units up to 1,093 square feet. The project eventually aims to include 2,000 multifamily units and 1 million square feet of commercial space.
The players
Specialized Real Estate Group
The developer managing the long-term, multi-phase community expansion project in Fayetteville.
The details
The buildings incorporate heat-pump water heaters and energy-efficient appliances to improve indoor air quality and performance. Construction utilizes metal panels manufactured in Lowell to meet the standards of the 2021 International Energy Conservation Code. Initial residents are eligible for access to the developer's Founder's Club.
Timeline
Buildings were designed to align with the 2021 International Energy Conservation Code.
Drake Farms began leasing apartment units in October 2026.
The project includes a planned investment timeline of the next 15 years.
The Home Front
This project adopts the 2021 International Energy Conservation Code to standardize efficiency in new local housing. It follows a growing regional trend of large-scale, master-planned developments that combine residential living with significant commercial space.
If you are currently looking for a new apartment in Fayetteville, inquire about the specific efficiency ratings of your unit to understand potential utility savings. Prospective residents should also verify the current perks associated with the Founder's Club when touring floor plans.
The takeaway
This development represents a major expansion of local rental inventory with a focus on modern energy standards. Keep track of future development phases if you are looking for townhomes or single-family options, which are slated for later stages of the $1 billion master plan.
Further reading
For more information on current rental trends in the area, visit our Apartments section.
Source note: This article includes information reported by Talk Business & Politics.
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