Local News

Fayetteville Development Closer to Reality for Revitalized Downtown

Posted January 3, 2008 6:17 p.m. EST
Updated January 3, 2008 6:30 p.m. EST

— Real estate agent Suzanne Pennink remembers the days before downtown Fayetteville's historic Hay Street fell from grace.

"This was the place we came on Saturday s to do our shopping," she said.

"During the Vietnam War, it was just full of horrible bars and – just awful things," Pennink said.

There were strip clubs, prostitutes and rowdy beer joints.

"I would have never even dreamed to walk down here.

But Hay's glory days are coming back with the opening of 300 Hay, a prestigious high-end development that when complete, will includes 41 homes.

Set to open are five penthouses worth up to $1 million each, 16 condominiums (all but five are sold) and 10 townhouses, at least $200,000 each. Ten additional townhouses are planned for next year.

Some of its first homeowners are expected to move in by the end of the month.

"It's a community now where people want to live – a full-service community where people don't have to drive their cars to do things," Pennink said.