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Description

Capstone is pleased to present the opportunity to invest in Archer at RiverBlue on behalf of Catalyst Capital Partners. Archer at RiverBlue is a fully entitled, 245-unit multifamily development located in the attractive, high-barrier-to-entry market of Asheville, NC. Archer is one of three communities that make up the RiverBlue master development. The property offers a unique blend of urban energy and Blue Ridge nature. Archer is immediately proximate to the River Arts District, downtown Asheville, West Asheville, and Haywood Road while also offering, onsite, 24 acres of park-like acreage that includes a 1-mile greenway along Hominy Creek and, throughout the community, unimpeded views of the Blue Ridge Mountains. The community is designed to be different than anything else in the market in order to fill a market void. Archer will be a boutique apartment project featuring large units, superior finishes, and signature services that target a sophisticated renter. Archer at RiverBlue sits at the intersection of I-240, I-26, and I-40, providing direct access to all of Asheville’s primary employment centers and entertainment districts. Further benefiting the site is its location just outside the city limits. This distinction provides countless benefits to the development, most specifically less burdensome development regulations and significantly lower County tax rates.

 

Project Highlights:

24 Acres of Park-Like Green Space

1-Mile On-Site Greenway Trail That Runs Along Hominy Creek

Part of a Multi-Generational Residential Master Planned Community

On-Site Integrated Café and Coffee Shop

Low-Basis 4-Story Surface-Parked Apartments

Superb Access To Major Interstates Allowing Instant Access to Major Employment Centers

8 Minutes or Less to River Arts District, West Haywood District, Downtown Asheville

Unimpeded Views of Blue Ridge Mountains

  • Address 20 South Bear Creek Rd.
  • City Asheville
  • State/county North Carolina
  • Zip/Postal Code 28806

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