New Markets Tax Credit Coalition

  • Asheville,
  • (2011)

87 Depot Street Revival

District: Chuck Edwards (R-NC11)

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

Investor

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.

External Profile

MAP

Address: 372 Depot Street, Asheville, 28801

Census Tract: 37021000900

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