[CPEO-BIF] 372 Depot, Asheville, North Carolina

[Lenny Siegel <lennysiegel@gmail.com>]

Stealthy green
372 Depot brings new blood to River District

by Christopher George
Asheville Mountain Xpress (NC)
November 30, 2010


From the outside, it’s not obvious what’s so special about 372 Depot, a 
new mixed-use development in Asheville’s River Arts District. Sited on a 
former brownfield, the 90,000-square-foot brick structure seems like 
just another new building with street-level retail space and apartments 
above. In fact, this innovative project represents a number of 
significant firsts for Asheville.

Years in the making, 372 Depot cost about $8.5 million to build, 
including roughly $1.3 million in federal housing assistance and loans 
from the city’s Housing Trust Fund. The nonprofit developer, Mountain 
Housing Opportunities, says the completed Glen Rock Depot project should 
boost the area’s total tax base by $15 million within the next five years.

...

For the entire article, see
http://www.mountainx.com/news/2010/120110stealthy-green

--


Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org


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