Uncategorized – Page 2 – Ellington Realty Group

Two downtown Asheville buildings sold

June 6, 2018

ASHEVILLE, N.C. (WLOS) — Two downtown Asheville buildings that are home to popular food establishments have been sold, but the eateries will remain.

The building at 26 Battery Park, which is home to Kilwins, sold for $2.4 million, a news release from Ellington Realty Group said. Kilwins — a chocolates, ice cream and confections shop — will continue operating out of the main level. The upper level will be rented as office space, and the lower level on Wall Street has another existing retail tenant, Appalachian Natural Soaps.

“This building has been owned by the same family since 1943, and we are pleased that the new owner is a local investor who owns two other downtown properties,” Burns Aldridge, managing broker of Ellington Realty Group who represented the buyers of 26 Battery Park, said in the release.

The building at 48 Biltmore Ave., home to Chestnut Restaurant and Bar, sold for $3.2 million, the news release said. Ryan Israel, who facilitated the sale, said Chestnut will continue its normal operations on the main level.

Asheville-based Ellington Realty Group facilitated both transactions.

http://wlos.com/features/all-access-asheville/2-significant-downtown-asheville-buildings-sold

Chai Pani Owners Expanding Their Indian Street Food Empire

April 30, 2018

One of the very best parts of our job is working with the innovative, driven and deeply interesting clients that we work with. One of the best examples of those is long-time Ellington Realty Group clients Meherwan and Molly Irani of the famed Asheville restaurant Chai Pani.

Eater Atlanta published last week:

Chai Pani and Botiwalla chef-owner Meherwan Irani is expanding his Indian street food mini empire. Irani has confirmed he is opening three more metro Atlanta Botiwalla locations in the next year, and as many as eight to ten more locations over the next five years throughout the southeast. Irani’s future plans could include as many as 50 Botiwallas.

https://atlanta.eater.com/2018/4/19/17256006/botiwalla-chai-pani-meherwan-irani-expansion?mc_cid=f8587aeb39&mc_eid=%5bUNIQID

Livability.com Names Asheville One of Top 100 Best Places to Live for 2018

January 23, 2018

https://livability.com/best-places/top-100-best-places-to-live/2018/nc/asheville

Livability.com has once again named Asheville to this list, noting our town’s access to quality health care, education, outdoor recreation and arts and music as the main reason’s why. With over 9 million tourists visiting each year and around 90,000 residents enjoying Asheville’s charm, it’s easy to see why we would be a mainstay on this national list.

Would you live at the Asheville Mall? It may be on possible with this developer's plan.

January 11, 2018

ASHEVILLE Citizen-Times— In an era when shopping malls are fading into oblivion, the Asheville Mall has no intention of following suit. Part of its strategy? Living there.

A preliminary permit plan submitted last month by Seritage SRC Finance LLC to the city’s development services department details a $45 million redevelopment project in and near the mall’s Sears store.

Plans show the addition of restaurants, retail stores, a 10-screen multiplex movie theater and a six-story structure with 204 multifamily housing units. It likely would be among the largest single investments at the facility since it was built in the early 1970s.

Even in Asheville’s modern development culture — where rental housing is necessary, given a period of sustained demand — the project could be a game-changer, at least as far as the mall’s long-term viability is concerned. Its addition differs from tradition in the shopping-heavy corridor of Tunnel Road, and from enclosed shopping malls, in general.

Asheville Named as One of Top Small Cities in the U.S.

October 18, 2017

Conde Nast just published an article naming Asheville as one of the top small cities in the U.S., citing our beer scene, the Biltmore Estate and the Blue Ridge Mountains. We can’t say we disagree with their reasoning. Also top on the list was Greenville, SC, a bustling, beautiful city just an hour drive from here.

https://www.cntraveler.com/galleries/2015-10-08/top-small-cities-in-the-us-readers-choice-awards

Charleston Magazine Highlights the Best of Brevard

October 4, 2017

October’s issue of Charleston magazine has a super article entitled “Brevard + Bikes + Beer.”

Things are changing over there, and it’s not just the leaves. We are proud to have represented the owner of the Brevard LumberYard in the leasing of their spaces, which is now part of a culinary and arts destination known as the Lumber Yard Arts District.

http://charlestonmag.com/features/brevard_bikes_beer

Category: Uncategorized