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Last updated on Thursday, September 24, 2015, 1:01 pm

Richard Massey

Terminella Sitting on Gold Mine (OPINION)

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 ]

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