Grove Arcade Listing Details & Market Data

In 1915 E.W. Grove had completed the Grove Park Inn and understood that a successful city needed a vibrant downtown. He conceived of Grove Arcade as “the most elegant building in America”—and as a new kind of retail center. A century later, retail continues to boom here. The Grove Arcade spans a city block on the west side of Downtown Asheville. It is located directly off of I-240 at the cross streets of Battery Park Drive, Page Avenue & O'Henry St. It anchors an area of downtown that includes a handful of Carolina’s finest restaurants, retailers as well as other Historic structures including The Battery Park Apartments, Haywood Park Hotel, The Flat Iron Building and Wall Street. It is within 300 yds. of five hotels; Hyatt Place, Indigo Hotel, Haywood Park Hotel, Cambria Suites, and Embassy Suites. Asheville benefits from tourism with 11.9 million visitors annually, generating $3.1 billion in economic impact. Known as one of the leading cultural hubs in the US, is also voted as one of the best cities to live in.Investment OfferingThe Grove Arcade is a nationally well-known, Class-A mixed use retail, restaurant, office, and residential complex located in downtown Asheville. With a Walk-Score of 92 it is the most attractive class A office location in Downtown. The site offers abundant foot traffic for retailers (door counts are available), easy accessibility, on-site security and parking, and immediate access to Restaurant Row. Retail and restaurant tenants benefit from the property's marketing team, which continuously promotes tourism to the property through a range of marketing channels and methods. Office tenants enjoy strong signage / wayfinding to direct visitors to their suites, and many property amenities.