Like much of Fayetteville and the surrounding areas, Hope Mills is a growing community. This has been most recently seen with The One Apartments on the eastern side of Elk Road, and Sweetwater Homes, a subdivision of single-family homes on the western side of Elk Road. The One is a 360- unit luxury apartment development offering one, two and three-bedroom options, and Sweetwater will offer 75 new homes.
These residential developments are an intentional part of the regional growth, alongside commercial development blossoming in the area. Since the pandemic, Hope Mills has added at least five other subdivisions of single-family homes, and five additional apartment complexes. Just a few of these residential projects include The Preserve at Lake Upchurch, Georgetown Estates off of Fisher Road and The Reserve off of Stoney Point Road. These additional residential developments have attracted more commercial development, such as Dirtbag Plaza (a new shopping complex near Dirtbag Ales Brewery + Taproom), and a new shopping complex with Target as the anchor expected off of Waldo Beach Road. It’s clear to see with this much development that growth is intentional for the leadership of Hope Mills.
“The single-family residential [Sweetwater] and multifamily [The One] residential projects align with our growth strategy because multifamily development generates one of the highest returns on tax value, allowing the Town to responsibly expand our tax base,” shared Hope Mills Town Manager Chancer McLaughlin. “Our overall vision is balanced growth, expanding commercial and retail opportunities while increasing our housing stock. We are seeing a significant amount of commercial development, which strengthens our tax base and provides residents with essential retail and service options.”…