The first apartment building nears completion in Reynolds Village (upper left hand corner of the photograph). The five remaining buildings, (just right of the center of the photograph) will include ground floor commercial and three floors of luxury apartment.
Kirk Boone, developer of the successful luxury residential community Reynolds Mountain, has secured $30 million in FHA backed financing to complete six, 4 story, mixed use buildings, which will include 201 luxury apartments and nearly 65,000 square feet in street level office, retail and restaurant space. The first building is scheduled for occupancy in early 2011 and the entire series of four story buildings will be completed by the end of 2011. The ongoing commercial development, known as Reynolds Village, is located at the foot of Reynolds Mountain residential development and will include a business park, anchored by AvL Technologies, a town square, ample street level parking, green space, wide sidewalks and plazas, outdoor dining and gathering areas, public art and water features. This project will provide the primary element of the planned downtown corridor for the Town of Woodfin in Reynolds Village.
With the desire of many people to downsize into smaller residences, there is an increasing demand in the Asheville community for high quality rental properties with on-site and built-in amenities. Answering this demand has been a challenge for local developers due to the difficulty in funding such large scale projects. Boone identified strategic partners Scott Neely, Ted Simaan, Paul Henshaw, and after a two year qualifying process, was able to obtain financing through Oppenheimer Multi-family and Health Care Finance. The funding is backed by an FHA insured mortgage, the first of its type in North or South Carolina. Construction has already begun on the project.
Reynolds Village was initially seeded by a $20 million TIF (Tax Incremental Funding) through the allocation of Tax Incremental Revenue. The development group worked with leaders from the Town of Woodfin, Buncombe County and the State of North Carolina to secure only the second TIF project statewide. In addition to AvL Technologies, Reynolds Village tenants include the YMCA, CarePartners, ResCare, Edward Jones and several local businesses. Adjacent to Reynolds Village is Reynolds Park, a 160 acre parcel, slated for residential, recreational and medical office development in the coming two years.
The project architect is PDI Architecture of Pendelton SC, Samet Corporation from Greensboro is the general contractor and Asheville firm Samsel Architects is providing exterior and interior design services.
A ground breaking ceremony took place Tuesday, November 9th in front of the project and included political and community leaders who have been instrumental in creating jobs and growing our local economy.
The Lofts at Reynolds Village ground breaking, from left to right: Scott Neely, project partner Town of Woodfin Alderman Debbie Giezentanner Town of Woodfin Alderman Jackie Pope Bryson Town of Woodfin Mayor Jerry VeHaun Town of Woodfin Alderman Don Hensley Kirk Boone, project founder
The Reynolds Mountain home of Ron and Nancy Edgerton is featured in this month’s issue of Carolina Home + Garden. Designed by Samsel Architects, the home is a stunning tribute to Arts & Crafts architecture in the style of Greene & Greene.
As true patrons of local arts and non-profit organizations, the Edgertons often host fundraising and awareness raising events in their home. The article also highlights the use of green building techniques, local building materials, geo-thermal heating and cooling and Energy Star appliances.
Sharon and Ted Kotler and their modern-meets-mountain home are featured in the September issue of the Laurel of Asheville magazine. A beautiful photo spread accompanies the article, which toutsthe couple’s understanding of “thoughtful design” and working relationship with their architect, designer and local crafts community.
original story by Tina M. Wolfe|photos by Paul M. Howey
Each year, the Woodfin Police Department organizes a drive to provide school supplies and back-to-school clothing and shoes for area students in need. This year, Reynolds Mountain residents Tom and Lee Chapman hosted an open house, collecting supplies and raising money to augment the Town’s efforts. The result was an overwhelming success. Back-to-school donations filled an SUV and the Chapmans collected $1100 to be used to help fund the free lunch program. Thanks to the Woodfin Police Department and the generosity of people like the Chapmans and their neighbors at Reynolds Mountain, dozens of children in Woodfin will have the tools and clothing they need to start a successful new school year.
CarePartners new North Clinic is open for business in a brand new facility in Reynolds Village, located at 40 North Merrimon Avenue on the third floor (above the new Neighborhood YMCA at Woodfin.)
“We are very pleased with our new space. We look forward to the partnership with the YMCA and promoting wellness in this community.” Edwin Gerrits, North Clinic Manager
The clinic provides physical and occupational therapy services. There is a walk-in clinic as well as vestibular rehabilitation.
On Wednesday, September 9th from 4 p.m. to 7 p.m., the clinic will host an Open House. Light refreshments will be served and CarePartners therapists will be on hand to meet the public. For more information call (828) 281-0754.
The YMCA of Western North Carolina is hosting Bagels and Banter, presented by Crescent PPO, with the Asheville Area Chamber of Commerce at the new Neighborhood YMCA at Woodfin in Reynolds Village on Thursday, July 30 from 8-9am. This event was formerly known as Doughnuts and Dialogue.
This is your chance to see the new Neighborhood YMCA at Woodfin and enjoy a quick and healthy breakfast. Leah McGrath, the Ingles dietitian, will discuss healthy meal ideas, and will be presenting with Mayor Terry Bellamy during the breakfast.
Bagels and Banter provides an opportunity for the YMCA to showcase the community-building work Pioneering Healthier Community Committees are doing in the Asheville area. Attendees will learn about a variety of groups including schools, businesses, and local government that are involved in making Asheville a healthier place to live, work, and play.
Check the website for additional event details www.ymcawnc.org. Bagels and Banter is free for Chamber members and just $10 (cash or check) for non-members. For more information, contact Kristen Weaver, director of association wellness, at (828) 210-9658 or kweaver@ymcawnc.org.
Parks and Recreation Magazine shined a light on Woodfin’s renovation of the Roy Pope Memorial Park two years ago. The article, entitled “Playgrounds Revived,” also mentioned similar projects in Atlanta and Richmond, Virginia. Roy Pope Memorial Park was renovated in part with contributions to the Avery King Foundation and includes a special Avery’s Little Corner playground.
The park is located at 90 Elk Mountain Road, behind the Woodfin Town Hall is open 7 days a week from 5:00am to 10:00pm.
Reynolds Mountain Communities CEO Kirk Boone (pictured left) introduced Woodfin Mayor Jerry Vehaun last Friday, who was among a number of politicians, business and community leaders and local citizens attending the Neighborhood YMCA at Woodfin ribbon cutting ceremony. On hand were Asheville Mayor Terry Bellamy, State Representatives Susan Fisher and Bruce Goforth, Asheville Chamber of Commerce President and CEO Richard Lutovsky, YMCA CEO Paul Vest, YMCA VP of Operations John Mikos, YMCA Board Member Bob Roberts, and dozens of others. After a series of introductions, Mayor Vehaun, assisted by Representative Susan Fisher, used an enormous pair of scissors to cut a ceremonial ribbon, marking the official opening of the Neighborhood YMCA at Woodfin.
According to bankrate.com North Carolina has the lowest closing costs of all fifty states at an average of $2,650. That is a nearly $1,400 less than the highest average costs in New York City. New York, Texas and Florida topped the list with the highest average closing costs for the second year in a row. Couple low closing costs with low mortgage rates and Asheville’s consistent high rankings in almost every conceivable category of good living, and this area becomes the perfect choice for retirement or relocation.