Asheville’s River District to Undergo Major Redevelopment

Asheville’s River District to Undergo Major RedevelopmentAsheville’s River District to Undergo Major Redevelopment Asheville, North Carolina’s vibrant River District is poised for a transformative redevelopment that promises to enhance its economic vitality and create a vibrant new destination for residents and visitors alike. The ambitious project, spearheaded by Integrated Capital Partners (ICP), will span 15 acres and include: * New Mixed-Use Development: A 12-story mixed-use building featuring residential units, commercial spaces, and a rooftop terrace with panoramic city views. * Redeveloped Hotel: Renovation and expansion of the existing Crowne Plaza Hotel to create a modern and upscale hospitality destination. * Riverfront Promenade: A 1,000-foot-long promenade along the French Broad River, offering picturesque views, public art installations, and dining options. * Public Plaza: A vibrant gathering space for community events, live music, and outdoor recreation. * Green Space: Extensive landscaping and open areas to promote environmental sustainability and provide recreational opportunities. The redevelopment aims to create a dynamic and interconnected neighborhood that seamlessly integrates the riverfront with the city center. The mix of residential, commercial, and recreational spaces will attract a diverse population and foster economic growth. “We believe this project will be a catalyst for the continued revitalization of the River District,” said John Welborn, Principal of ICP. “It will create a vibrant and sustainable community that embraces the natural beauty of Asheville.” The redevelopment is expected to generate significant economic benefits for the city, including job creation, increased tax revenue, and tourism growth. It is also expected to improve the connectivity and walkability of the area, making it more accessible for residents and visitors. “The River District has the potential to be one of Asheville’s most vibrant and exciting destinations,” said Asheville Mayor Esther Manheimer. “This redevelopment will help us realize that potential and create a lasting legacy for our city.” Construction on the project is expected to begin in 2023 and be completed in phases over the following years. The redevelopment of Asheville’s River District is a testament to the city’s commitment to innovation, sustainability, and community growth. It will create a transformative destination that will enhance the quality of life for residents and visitors alike, while positioning Asheville as a thriving and prosperous hub.