What’s Happening with the Proposed Mixed-Use Project on Charlotte Street in Asheville?
Asheville’s Charlotte Street has been a topic of discussion for years, with the proposed mixed-use project garnering interest and curiosity from the community. The company spearheading the redevelopment of the former Fuddruckers site on Charlotte Street is the Kassinger Development Group. According to their website, the 120 Charlotte Street project commenced its development phase in 2023.
Updates on the Project’s Progress
When inquired about the current status of the mixed-use project, Tyler Kassinger, the president of Kassinger Development Group, mentioned that although the demolition of the old Fuddruckers site took place last year, the financial climate and construction costs have posed challenges, leading to a slower pace in the project’s advancement. Kassinger clarified, “Technically, development has started with the demolition, but external factors have impacted the speed of our progress.”
Anticipated Tenants and Offerings
Despite the ongoing challenges, Kassinger remains optimistic about the project’s future. While the development does not currently have secured tenants, the focus is on providing housing options for individuals seeking convenient access to downtown Asheville through walking and biking proximity. The mixed-use development is projected to encompass 186 new residential units and 4,500 square feet of commercial/retail space, offering a blend of living and retail opportunities within the vibrant Asheville community.
Conclusion
As Asheville’s Charlotte Street continues to evolve with proposed redevelopment projects, such as the mixed-use development by Kassinger Development Group, the community eagerly anticipates the transformation of this prominent location. Stay tuned for further updates on the progress of this exciting venture.
