Property Description

• 20 luxury residential condominiums, ground floor commercial space and 2 nd floor secured parking in downtown Asheville, NC
• 56,000 square feet
• Project renovation completed and sold out by November 2003

Value Added to Property

• Acquired this historic car dealership and rehabilitated floors 3 and 4 into luxury condominiums, floor 2 into secured residential parking and the ground floor into commercial space
• Federal historic tax credits were passed on to residential and commercial buyers
• All residential condominiums have been sold and the ground floor commercial space has been sold