87 Depot Street Revival

New Markets Tax Credit Coalition

Asheville,
(2011)

87 Depot Street Revival

Housing, Mixed-use

Restoration of a vacant historic building.

Investment

NMTC Amount: $950,000
Total Project Cost: $1,400,384

IMPACT

4 FTE jobs
7 construction jobs

CDEs

Self-Help

Investor

Unknown

Project Description

Mixed-use – commercial and housing – restoration of historic building. Completed in September 2010, the $10 million structure likely is one of the first LEED-certified multi-use buildings in Asheville. Glen Rock includes 9,000 square feet of commercial space on the ground level and 60 workforce apartments on its top three floors.

MAP

Address: 372 Depot Street, Asheville, 28801

Census Tract: 37021000900

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