$20 M apartment complex going up near...

$20 M apartment complex going up near downtown Asheville

There are 13 comments on the Asheville Citizen-Times story from Jul 16, 2013, titled $20 M apartment complex going up near downtown Asheville. In it, Asheville Citizen-Times reports that:

A trio of developers will break ground next week on a major apartment complex above McCormick Field near downtown, one of just a handful of apartment developments in the past three decades near the city's core.

Join the discussion below, or Read more at Asheville Citizen-Times.

ApePeeD

Since: Mar 13

Location hidden

#1 Jul 17, 2013
"the developers hope to start moving people into the $20 million development in February."

Someone smells money, and fast.
Joon

Asheville, NC

#2 Jul 17, 2013
So sad... Traffic and parking will make Asheville intolerable for us locals. I see Ashevilles charm fading, then maybe the developers will go away... After they destroy what we love about Asheville.
Sandy

Candler, NC

#3 Jul 17, 2013
They might be nice!
ApePeeD

Since: Mar 13

Location hidden

#4 Jul 17, 2013
Joon wrote:
So sad... Traffic and parking {suck}
Development comes with a price. Maybe mass transportation isn't a bad idea after all?

Oh, wait, that would involve surrendering our oh-so-precious gas-burning humvees...
Yep

Asheville, NC

#5 Jul 21, 2013
Joon wrote:
So sad... Traffic and parking will make Asheville intolerable for us locals. I see Ashevilles charm fading, then maybe the developers will go away... After they destroy what we love about Asheville.
oh please spare us the drama, anything is better than most of whats around this area! it will be a boom to downtown, with WAY MORE new construction on the boards. the next 3-4 years will drastically change AVL.
ApePeeD

Since: Mar 13

Location hidden

#6 Jul 22, 2013
Yep wrote:
WAY MORE new construction on the boards.
I agree. Follow the money.

The $10,000,000 for the firing range is still floating around somewhere. I wonder where that $10,000,000 magically "went" now that the project is slated.
Yep

Asheville, NC

#7 Jul 22, 2013
ApePeeD wrote:
<quoted text>
I agree. Follow the money.
The $10,000,000 for the firing range is still floating around somewhere. I wonder where that $10,000,000 magically "went" now that the project is slated.
No, it's been shelved in favor of a $750K outdoor range at the old
landfill which is way more cost effective.
Casey7

United States

#8 Jul 22, 2013
Look at all the hideous modern condos in downtown
they are ugly! By the way i know for a act their
sitting half empty. These are the luxury condos
and also fitzgerald at grove park inn only sold7 of
24 units i hear. Luxury condos are not moving fast
at all. fO Example my mms friend lives in a modern
condo downtown thatis 66 units and sh says 22 units
have been rented or sold. Thaat cond was built in 2005.
So in 8 years the havent filled it up. So now their
pushing affordable housing F a temprary tax increase.
Sad.
Corrections

Asheville, NC

#10 Jul 22, 2013
Casey7 wrote:
Look at all the hideous modern condos in downtown
they are ugly! By the way i know for a act their
sitting half empty. These are the luxury condos
and also fitzgerald at grove park inn only sold7 of
24 units i hear. Luxury condos are not moving fast
at all. fO Example my mms friend lives in a modern
condo downtown thatis 66 units and sh says 22 units
have been rented or sold. Thaat cond was built in 2005.
So in 8 years the havent filled it up. So now their
pushing affordable housing F a temprary tax increase.
Sad.
1. They're not half empty, not even close. I know that for a fact.
2. Over 75% of the units at the Fitzgerald have been sold.
3. Downtown condominiums are performing over 100% better than 2012, which was also a good year for that market.
4. I don't know what community you're referring to in your last sentence, but you're incorrect about everything else, so I have to assume that this is false as well. I do know that all condominium communities in the CBD are completely full, and all sales in those buildings are resales.
Casey7

United States

#12 Jul 23, 2013
Thats not what city council member Mark Cates has said.
Affordable housing in demand not luxury condos.
Fitzgerald not filled whatsoever.
Their pushi for hotels and affordable housing.
Condo units that were 700,000and up are now
being advertised for 400,000 andsoe lower.
ApePeeD

Since: Mar 13

Location hidden

#13 Jul 24, 2013
Casey7 wrote:
Condo units that were 700,000and up are now
being advertised for 400,000 andsoe lower.
That's still a holdover of the "real estate bubble". Prices are rising again.
Corrections

Asheville, NC

#14 Jul 24, 2013
Casey7 wrote:
Thats not what city council member Mark Cates has said.
Affordable housing in demand not luxury condos.
Fitzgerald not filled whatsoever.
Their pushi for hotels and affordable housing.
Condo units that were 700,000and up are now
being advertised for 400,000 andsoe lower.
Wrong again, condos that were $700,000 4 years ago are now $750,000. Fitzgerald is over 75% full, no doubt about it.
Up Up Up

Candler, NC

#15 Jul 28, 2013
The prices are most definitely going up and the Fitzgerald is in demand by those with money. There are more than you think clamoring for very upscale accommodations.

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