Asheville Eye on Business News- Real Estate Impact
We like to keep an eye on business news here in beautiful Asheville. Business North Carolina has been hopping with news about Western North Carolina recently. . .and it could Good News for Asheville’s economy and have a Positive Impact on the real estate market. ( Time to buy is pronto.)
Here’s what I mean. . “ripped from the headlines”…We are blooming in Asheville!
New Belgium bringing brewery to Asheville
New Belgium Brewing Co., the maker of Fat Tire beer, will bring its East Coast brewery to Asheville, investing $175 million and creating 154 jobs over seven years. Ground will be broken early next year.
Brewery decision could mean revival for Asheville river district
The decision of New Belgium Brewing Co. to invest $175 million in a new East Coast brewery in Asheville has stoked talks of a revitalization of the River Arts District.
Private-equity group buys Grove Park Inn
Denver-based KSL Capital Partners purchased Asheville's Grove Park Inn for an undisclosed amount and is planning $25 million in renovations to coincide with its 100th anniversary next year. The private-equity firm has a number of luxury resorts in its portfolio.
Pisgah National Forest may expand
The U.S. Forest Service is considering purchasing one of four land tracts to become part of Pisgah National Forest. The Forest Service has $1 million set aside for the effort.
Private equity firm buys 80% stake in Earth Fare grocery
(The Charlotte Observer)
Oak Hill Capital Partners purchased an 80% stake in Asheville-based Earth Fare grocery chain for about $300 million. The grocer features organic and natural products.
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