At least 10 percent of the residential units proposed for the Coxe/Asheland development will be designated as affordable units, offered at 80 percent AMI.
The project, which could bring 600 new apartments to 4.4 acres between Coxe and Asheland avenues, is set to be presented to the South Slope Neighborhood Association on Tuesday.
Also, Asheville is getting a new CBD coffee bar, and more.
Duke Energy has been on the hunt for a handful of locations for new substations that would serve a growing city.
Plans for the condos were announced three years ago.
The property sits at the corner of Asheland and Hilliard avenues on Asheville's hot South Slope.
The new Mill Room venue will be a home for everything from wedding receptions to electronic dance music parties.
Work has begun at 66 Asheland Ave. to create a new downtown music venue adjacent to Asheville Pizza's location on Coxe.