Grant Murray Unveils Horseshoe Commons Mixed-Use Project
The Fayetteville development at Yadkin and Horseshoe roads will combine retail, storage and apartments in three phases.
Updated on Nov. 4, 2026 in Commercial
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Grant Murray Real Estate announced Horseshoe Commons, a mixed-use development at Yadkin Road and Horseshoe Road in Fayetteville. The company also closed on 14.46 acres at Gillis Hill Road and Raeford Road for a planned luxury apartment community.
Why it matters
The projects add retail space, storage and apartment capacity to the Fayetteville market, where Grant Murray said it expects more quality development in the coming years. The Gillis Hill Road sale shows continued interest in land near Fort Bragg.
The announcement cites 14.46 acres sold at Gillis Hill and Raeford roads and roughly 180 apartment units planned at Horseshoe Commons. Project costs and financing terms were not disclosed, and the timeline for the Gillis Hill apartments beyond groundbreaking was not given.
The players
Grant Murray Real Estate
Grant Murray Real Estate is a Fayetteville-area commercial real estate firm that announced Horseshoe Commons and closed the Gillis Hill Road land deal.
The Stoa Group
The Stoa Group is a commercial real estate firm that purchased the 14.46-acre Gillis Hill Road and Raeford Road property for an apartment project.
The details
Horseshoe Commons will be built in three phases, starting with retail buildings expected by Q4 2027, followed by storage units and then apartments. Developer Grant Murray is working with contractor Warren Bishop, while The Stoa Group bought the 14.46-acre Gillis Hill and Raeford property from The Morgan Companies.
Timeline
Q4 2027: Phase one retail buildings at Horseshoe Commons are expected to be completed.
End of 2026: The Stoa Group expects to break ground on the Gillis Hill Road apartment project.
Market Landscape
Fayetteville's commercial growth is tied closely to Fort Bragg, which keeps demand for rental housing and neighborhood retail steady. Both projects add supply along corridors that serve base-related households and commuters.
Fayetteville residents may see new retail spaces starting at 1,500 SF and more apartment options over the next several years. Renters and shoppers in the Yadkin and Horseshoe road area will be most directly affected by the phased build-out.
The takeaway
Fayetteville's commercial pipeline is expanding in phases, so residents tracking new retail or rental supply should watch the construction milestones for both sites. Local planning and permitting updates will show whether the timelines hold.
What happens next
Phase one retail construction at Horseshoe Commons is expected to finish in Q4 2027, and The Stoa Group expects to break ground on the Gillis Hill Road apartments by the end of 2026.
Further reading
For related local coverage, see Fayetteville Commercial for more on projects like this one.
Source note: This article includes information reported by BizFayetteville.
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