Fayetteville City Council has authorized City Manager Douglas J. Hewett to execute an option purchase agreement that advances plans for an 84-unit attainable housing community on the City’s Catalyst I site along the Murchison Road corridor.
The option agreement is between the City, a development team comprised of JBS Developers, LLC and the Fayetteville Metropolitan Housing Authority (FMHA) for approximately 6.32 acres of City-owned property at the southern end of Murchison Road. The property is part of the City’s Catalyst I site.
The site will become home to Central Park Villas, a proposed garden-style, 84-unit affordable housing community serving low- and moderate-income households…