Drake Farms Began Leasing Fayetteville Apartment Units

The new residential development at 2841 N. Mansfield Ave. has officially opened its doors for prospective tenants.

Updated on Oct. 13, 2026 in Apartments

Gouache-painted illustration of a modern, multi-story apartment building with geometric balconies, representing new housing construction in a residential community. — Drake Farms has begun leasing new apartment units in Fayetteville, marking a significant step in the area's residential development plans. AI Illustration. Upload story photo >

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Drake Farms has started leasing studio, one-bedroom, and two-bedroom apartment units in Fayetteville. The new community is located at 2841 N. Mansfield Ave.

Why it matters

The development represents a major new housing project in the city, with long-term plans to add thousands of residential units and significant commercial space to the area.

Monthly rents for the new units start at $1,249 for studios, $1,499 for one-bedrooms, and $1,850 for two-bedroom floor plans. The six initial apartment layouts range in size from 490 to 1,093 square feet.

The players

Drake Farms

This is a new mixed-use residential development located in Fayetteville.

Specialized Real Estate Group

This firm is the developer overseeing the $1 billion investment project.

The details

The new buildings utilize energy-efficient appliances and heat-pump water heaters to align with the 2021 International Energy Conservation Code. Metal panels for the project are manufactured in nearby Lowell, and early residents gain access to the Drake Farms Founder's Club.

The buildings were designed to align with the 2021 International Energy Conservation Code.
Drake Farms started leasing apartment units in October 2026.
The developer plans to invest over $1 billion into the project over the next 15 years.

Culture Shift

The development aligns with the 2021 International Energy Conservation Code, signaling a broader industry shift toward sustainable and energy-efficient urban living. This project mirrors a growing societal trend of prioritizing indoor air quality and reduced utility consumption in modern real estate.

Prospective tenants can now choose from six different floor plans at the 2841 N. Mansfield Ave. site. Residents moving in now are eligible for access to the developer's exclusive Founder's Club.

The takeaway

The project serves as a long-term model for large-scale developments that incorporate commercial space with diverse housing options. Those interested in the site should monitor upcoming phases as the developer eventually plans to add townhomes and single-family houses to the property.