The site is home to 8 different buildings, including several warehouses. Most of the buildings are covered in street art and murals. The site is also home to a skate park built by local skate board enthusiasts known as the Foundation Spot. Several of the buildings were home to the studios and galleries of working artists. (The buildings included The Tannery studios, Switchyard Studios and space for Terpsicorp dance company.)
The property is behind Riverview Station, which is also filled with artist studios.
Last year, the city of Asheville cut electricity to the site, declaring the buildings unfit for occupancy. Property owner Robert Camille said he was allowing artists to improve the space and occupy the buildings in an effort to give them affordable space to work. Camille told me in December that he was ready to sell the property.
Over the last few years, the pace of change in the River Arts District has been quickening. The city of Asheville is preparing to pump tens of millions of taxpayers’ money into infrastructure improvements in the area, and New Belgium Brewing continues work on its new $175 million East Coast brewery on Craven Street near the RAD.
Here’s the property listing, via Whitney Commercial:
339 Old Lyman St.
13.13 acres of Land For Sale in Asheville for $3,995,000 ($304,265 / acre)
Unbelievable redevelopment opportunity in the heart of the booming River Arts District! +/-13 acres, great location with existing buildings. Offering comprised of 3 parcels, PINs listed below: 963894628100000 963893975900000 963893676300000 Attached image shows buildings numbered according to key system. Call listing office for access and additional information. Directions: From downtown Asheville, south on Clingman Avenue, right on Lyman, left on Old Lyman Street. Hearing as to commencement of foreclosure proceedings is scheduled for 6-15-2015.