Battery Park sale finalized
By FROM STAFF REPORTSMarch 15, 2004 10:25 p.m.
ASHEVILLE - An Ohio-based nonprofit corporation has completed its $4.7 million purchase of Battery Park Apartments, a 14-story apartment building downtown that offers subsidized housing for senior citizens.
A deed for the sale of the 122-unit building to National Church Residences of Columbus, Ohio, was filed March 1. A private partnership with members scattered across the Southeast had owned the building.
Church Residences said it plans to spend $3.7 million on renovations to the building, which was a hotel for several decades, and will continue to operate it for senior citizens. The organization owns or manages more than 225 senior citizen or family communities around the country.
A Church Residences official said in November 2002 that the organization planned to buy the building. The sale was delayed by a legal dispute among partners that was resolved recently.
















