Two local architects are planning to build a six-story building in downtown that will house 27 residential condominiums.
Peter Alberice and Robert Camille Jr. hope to break ground on the project later this year at 45 Asheland Ave., a site that is now home to ARC Document Solutions and across the street from the Asheville Transit Systems bus station. The building would house condos costing $400,000-$700,000.
The project is the latest sign that segments of the local real estate market are rebounding from the Great Recession. A project to build 13 new lofts on Rankin Avenue started earlier this year. Buncombe County’s building permits for new houses showed a 20 percent increase during 2012.