Jump to content

Tripps Redevelopment


orulz

Recommended Posts

The redevelopment of Tripps has been submitted to Development Mapper.

Article here.

The project is a 6 story, 151 room Hilton Garden Inn plus a four story 84,000 office building called City Centre. Both buildings would be connected to a 320 space parking garage.

This is just the latest in a series of new hotel proposals downtown.

  • Hotel Indigo and Aloft were both built this decade
  • Ellington was proposed and cancelled
  • Site preparations are currently underway for Hyatt Place
  • Cambria Suites is proposed adjacent to Haywood Park and across the street from Grove Arcade
  • McKibbon's hotel planned across from the Basilica of St Lawrence is cancelled
  • McKibbon now plans a redevelopment of the BB&T building, its parking garage, and some empty lots that are adjacent and across the street, which will include a hotel of some sort.
  • A local hotel owner has bought several parcels on Patton Avenue near near South French Broad Avenue. Speculation is that he is considering building a hotel there.
Link to comment
Share on other sites


  • Replies 7
  • Created
  • Last Reply

BB&T would be my first guess. As we all know, their current downtown building was recently sold and they are likely to be evicted fairly soon for the planned gut/rehab of the building. In fact, I would guess that loss of 90,000 square feet of office space at BB&T is probably the main reason for the office component of this proposal. I think I've heard that demand for office space downtown is relatively flat these days, but a proposal that just replaces lost space at a rate slightly lower than 1:1 certainly would make sense

Plus, this proposal includes a drive through, which matches with what BB&T would be losing at their current downtown location.

Link to comment
Share on other sites

  • 4 weeks later...

From Asheville Citizen-Times:

 

"ASHEVILLE – At least two major tenants of the BB&T will move to a new office building planned for the east side of downtown.

The move come in part because of a hotel developer’s plans to renovate the 17-story BB&T Building, turning it into a boutique hotel and condominiums.

Another developer, Rusty Pulliam, and his business partner, John Spake, plan to build a four-story office building called City Centre on the site of the former TK Tripps restaurant at the corner of College and South Charlotte streets. They plan to sell an adjoining piece of property to a Winston-Salem company that will build a six-story Hilton Garden Inn on the 2.4-acre site."

post-24004-0-34489300-1396987414_thumb.j

Link to comment
Share on other sites

And there you have it.

 

The new building is supposed to be completed in 2 years. I wonder if McKibbon will hold off on the renovations to the BB&T building until then, instead concentrating on the AC Hotel where the parking deck sits today.

Link to comment
Share on other sites

  • 5 months later...

As mentioned before, the office building is probably the big push here. Demand for office space in downtown Asheville is fairly soft but the supply of class A space is also very small. All the displaced tenants from the BB&T building need a place to go, and this is it.

 

Tripps was pretty cool about 20 years ago, that says a lot about how Asheville has changed since then.

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

By using this site you agree to our Terms of Use and Privacy Policy. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.