Cushman & Wakefield announced the commercial real estate services firm has arranged the sale of an eight-acre site at Overlook at Asheville on behalf of seller Golden Hour Collective.
Alex Phillips, Battle Smith, Alex McDermott and Sparling Davis with Cushman & Wakefield’s Sunbelt Multifamily Advisory Group represented Golden Hour in its transaction. Shelton McNally Real Estate Partners, an Atlanta-based multifamily developer, plans to build a 210-unit apartment community at the shovel-ready site.
The eight-acre transaction encompasses the multifamily segment of a larger, 98.8-acre master-planned development that is approved for the 210 apartment units as well as 130 build-to-rent townhomes and up to 176 duplex units, offering an exciting product mix that will be attractive to a wide range of renters and aspiring homeowners. Located on a scenic gently sloping mountainside on the outskirts of Asheville, the area has a distinct mountain feel…