The Develop Fulton Board of Directors unanimously approved a $538 million bond inducement for Project Nexus, a mixed-use economic development initiative. This project aims to transform a distressed property into a hub of economic and community development. Situated in Atlanta and East Point, the project would include affordable housing, essential services, and a host of amenities.

The mixed-use project, combining residential and retail elements, would generate more than $60.5 million in revenue over 10 years—30 times its current contribution. With an anticipated $4 billion overall economic impact, Project Nexus would create approximately 1,300 new permanent jobs and 2,800 temporary construction jobs while retaining 50 existing positions.

The development plan will create 1,126 residences, offering a mix of affordable and market-rate housing options to accommodate a range of income levels. 

Fuquay-Varina had 18,000 people in 2010. Now it’s near 40,000, and town leaders are moving fast to accommodate the growth. A rezoning was for nine parcels totaling 87.98 acres that went from residential agriculture to commercial mixed-use.

A development, to be called Vaughan Park, will include a medical building, two multifamily buildings, six commercial buildings and six mixed-use buildings. The multifamily projects will consist of 742 units. DR Horton is the lead developer. In addition to the commercial component, the company will also build hundreds of homes.

The project will be divided into two distinct developments, each with its own unique features. Amenities for the west side will include a swimming pool, a promenade with public art, two playgrounds and a greenway around the wetlands and ponds.

The east side’s amenities include a swimming pool, clubhouse, a playground, food truck area with shelter and a dog park.