Additional Units and Upgrades Begin for Existing Neighborhood in the Arden area in Asheville, NC

The Audubon Place community, A Kassinger Development Group property, welcomes the phase two plan

CHARLESTON, SC and ASHEVILLE, NC – The Audubon Place neighborhood has continued to thrive with high occupancy rates and the growth of retail and other businesses moving to the area. The Kassinger Development Group recently closed on the additional property adjacent to the existing phase one of Audubon Place and will begin site work for a phase two of the multi-family unit community.

The current buildings have a 256 unit capacity which has stayed strong in demand, and the phase two will include four new buildings to hold 86 units, 3 additional garages and the opportunity for carriage units above the garages. The buildings will have upgraded finishes and similar floor plans compared with the first phase. In addition to these new and needed units, the existing clubhouse will be expanded to include further meeting sections and a larger fitness center. All of the units will share earth tone paint exterior finishes, similar to our sister development Weirbridge Village, also located in the Asheville area.

Arden has enjoyed a growth of new businesses and the close proximity to the Asheville airport makes it a convenient place to live. Employment opportunities are increasing and the community is awaiting the Sierra Nevada brewery to open. Payne Kassinger of Kassinger Development Group states “our residents enjoy a comfortable quality of life and with the second phase of Audubon Place, we will be able to provide for the increased demand of high-end, energy efficient apartment living in the area”.

The phase two of Audubon Place will be constructed by Sweetwater Construction and is anticipated to be completed in 2015. Pegasus Residential, the property management team is available at Audubon Place for more information on the phase two details.

Kassinger Development Group is a privately owned real estate development company based in Charleston, South Carolina with a focus to develop and own upscale, environmentally friendly, energy efficient multi-family communities within the Southeastern United States. Kassinger Development Group has several completed and future projects in the pipeline. Sweetwater in Charleston, SC which was announced earlier this summer, will break ground this fall, The Flats at Estero in Naples, FL and The Meridian at Fondren in Jackson, MS will also break ground later this year. The Retreat at WestCreek in Richmond, VA is currently in the lease-up phase. The Asheville, NC area has been a major focus for the Kassinger Development Group, with the high occupancy of Weirbridge Village and Audubon Place, phase two of Audubon Place, as well as The Retreat at Hunt Hill currently under construction in downtown Asheville.