- 235 One and Two Bedroom Workforce and Affordable Units
- 17,000 Square Feet of Retail – Restaurant and Traditional Retailers (Available)
- 386 Public Parking Spaces – For Residents and Retail
- Located in Opportunity Zone
RAD Lofts is a high-density, urban mixed-use development that thoughtfully integrates highly bespoke elements of retail, office and upscale apartment living into the vibrant artisan culture of downtown Asheville. Inclusive of an hourly rate parking garage, the project will enhance the accessibility and enjoyment of an area that boasts over 90,000 daytime workers and nearly 11 million visitors per year.
Every detail of the project layout and design is an intentional effort to seamlessly integrate into the City of Asheville’s master plan for the River Arts District, hence the name “RAD” Lofts. The retail and restaurant components will reflect the local taste of the neighborhood while embodying the unique charm that draws nearly $2 billion in annual tourism revenue to the area. The project will also be home to an organic grocery store which will utilize the oversized sidewalks to display farm fresh produce and encourage dining and socializing.
The project’s 235 residential rental units offer truly exceptional living in a vibrant urban park setting, while keeping rents in line with the city’s Affordable and Workforce Housing Guidelines. The use of metal and exposed steel will be craftly employed throughout the design to pay homage to the site’s 100 year history as a steel fabrication facility.
RAD Lofts will directly benefit from the city’s $80 million infrastructure investment underway to create parks, jogging trails and road improvements nearby. In addition, the project is located within a Qualified Opportunity Zone; a designation created to stimulate long term capital improvements by delivering attractive tax benefits for investors.