Asheville City Council has once again revised a proposal to sell city-owned property at 360 Hilliard Avenue for development as affordable mixed-income housing. Council will vote on whether to repeal and replace an existing agreement with Kassinger Development Group during its meeting Tuesday, June 11. A 2016 press release from the city notes that a […]
Due to construction cost increases that made rentals infeasible, the Kassinger Development Group proposed a for-sale condo plan. Of 64 total units, 33 would be affordable, with the city providing support through a $1.28 million Housing Trust Fund loan and a $375,000 discount on the land itself.
If City Council votes to approve the proposed Charlotte Street Improvement Project, the road would be cut from four car lanes to three, making room for dedicated bike lanes and pedestrian improvements. Should Council approve the plan, bidding for construction is projected to begin this winter, with construction to start next spring or summer and finish by fall.
Although the exact footprint of the building is still under consideration, existing plans call for a first floor of businesses (16,000 square feet in total) topped by 26 efficiency, 93 one-bedroom and 61 two-bedroom apartments. A total of 327 parking spaces, some underground, would service the complex.