Is West Van Asche Drive in Fayetteville a gold mine? Plenty of people, including real estate broker Tom Terminella, sure hope so.
Completion of the 1-mile extension has opened up about 264 acres to development, and Terminella says the road could trigger nearly $1 billion in construction and land value.
Terminella should know. Not only does he control all the property along the new Van Asche, but he also had a hand in developing the region’s premier stretch of commercial and residential real estate — the Golden Mile at Pinnacle Hills in Rogers — back in the boom days.
At Pinnacle, at least according to Terminella’s guesstimate, development and value climbed to about $1.4 billion. As the southern anchor of Fayetteville’s burgeoning uptown shopping district, Van Asche’s... [ MORE ]