📋 Tender Overview
Scope
The city of Asheville requests rezoning 4.95 acres on Biltmore Avenue from Regional Business to Residential Expansion — Conditional Zoning. The project will include one four-story and one five-story building comprising 221 housing units as well as retail space. Forty-three units will be available at 60% of the area median income or below, of which half will accept vouchers. An additional 22 units will be available at 80% of AMI or below. In 2022, 60% of AMI is $33,750 for a one-person unit, $38,550 for a two-person and $48,188 for a four-person household. Eighty percent of AMI is $45,000 for a one-person, $51,400 for a two-person and $64,250 for a four-person household.
This site is adjacent to Maple Crest Apartments, formerly Lee Walker Heights. The proposed project cost is $61.3 million.
The city acquired this property, formerly part of a Ford automotive dealership, from Duke Energy. In a process outlined on the City Council website, the city selected Mount Pleasant and Greenville, S.C.- based developer Homes Urban to develop the site in spring 2021.
