Invest in Sustainable Development in the Heart of Asheville with Broadway Commons

Asheville, North Carolina, October 2007 – Broadway Commons, LLC  offers potential members a unique opportunity to invest in Asheville’s real estate market.  Become part of a one-of-a-kind project that will lead the way in neighborhood-friendly, sustainable development of the Broadway Corridor.

Located between historic downtown Asheville and the UNCA campus, the project will be built using green technology and sustainable building practices to the fullest extent possible, and has been given preliminary approval by the City of Asheville to operate its residential units as an Inn, creating a niche of in-town short-term vacation rentals that are family and pet friendly. Broadway Commons will offer the only units of this type within easy walking distance of downtown Asheville, the Asheville Botanical Gardens, and UNCA.

The development, consisting of four new buildings with an Arts and Crafts flavor, will provide 3000 square feet of retail/office space and six unique residential units ranging in size from a 750 square foot apartment to two 1500 square foot penthouse units each with its own private roof deck.  

The real estate investment climate in Asheville is strong, and the market continues to grow even in the face of a national decline in property sales and the current downturn in the mortgage industry.  Signs of growth are especially apparent along the Broadway Corridor, where the Reed Creek Greenway, on the Montford side of Broadway, is nearing completion.  Construction is now underway on the first phase of the Pioneer Building which will include 44 residential units and commercial space at the corner of Broadway and Bordeaux.  The Health Adventure, currently located in Pack Place, has purchased land and will build its new facilities on Broadway just north of the Broadway Commons site. Asheville has also been designated as one of Frommer’s Travel Guides top 12 global travel destinations for 2007, signaling a strong demand for both short-term and long-term vacation rentals.

An investment of $60,000 secures a 2% ownership share of Broadway Commons, LLC.  This will entitle members to a percentage of profit once the business has a positive cash flow, and all proportionate tax deductions such as business losses, mortgage interest and depreciation.  Investors’ equity is expected to grow steadily, even if the economy slows down. For those who wish to invest more or less, the percentage of ownership will be adjusted accordingly.  With the help of new members and their investments, Broadway Commons is scheduled to open in the Spring of 2010.  

To learn more about Broadway Commons please visit the rest of our website.  For more information on investment and membership, please send an e-mail to: Info@BroadwayCommonsAsheville.com or call 828-582-1001.