Sold! South Slope property in Asheville for $1 million, townhome construction coming

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Another property acquisition on Asheville’s South Slope, and more residential construction coming.

This property at the intersection of Southside Avenue and Short Coxe Avenue was recently purchased for $1 million. Peter Thom bought the property and is planning to build 20 townhomes with garages. The architect on the project is Patti Glazer. Whitney Commercial Real Estate brokered the deal.

The project is the latest in a string of proposed apartment/condo construction projects that will bring about 300 units (by my count) to the South Slope. The wave of residential development follows a burst of new commercial development over the past few years, development that restaurants, bars and craft breweries.

 

6 Comments

murphy August 26, 2015 - 2:07 pm

What is it to be called – Short Coxe Place, Short Coxe Village, Short Coxe Cove, Short Coxe Estates…

Broadway Barney August 27, 2015 - 11:04 am

Not only that, but where are the PO-PO going to park now?

MagsMom August 25, 2015 - 11:18 pm

Million dollar property next to the projects, ha ha, the projects just started looking a lot better

hauntedheadnc August 26, 2015 - 10:05 am

Indeed they do look better… because plans have been in the works for months to redevelop Lee Walker Heights as a mixed-income, high density urban neighborhood.

Harry September 6, 2015 - 9:32 pm

Let’s hope the redevelopment is more successful than the redevelopment of The Block.

Barry Summers August 25, 2015 - 9:32 pm

This can’t be! Think of the hotel they could build there!

wah.

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