Major RAD apartment complex moving forward

Asheville Citizen Times, Kimberly King

After more than a year delay, the River Arts District’s first major residential development will break ground in August or September, said Harry Pilos, the developer who put together the $60 million plan for RAD Lofts.

The mixed-use project will go up on the site of the old steel mill plant at Roberts Street and Clingman Avenue. Pilos said he bought the lot in 2014 for more than $2 million.

The site is three acres and stretches the length of three football fields. “It’s a full city block,” Pilos said.

There were delays last year when loans were restructured.

“We will have an organic grocery going in. We’ll have at least two restaurants, probably more,” Pilos said.

The project has been Pilos’ baby and one he’s worked on for four years. “This is the largest project I’ve ever done.”

But it’s clear he’s excited about the prospects. Especially with the $50 million RAD investment coming from city and federal funds for infrastructure improvements.

Pilos’ complex will have 235 apartments, ranging in price from $700 for a small group of apartments earmarked specifically for affordable housing applicants to 90 workforce housing apartments at slightly higher prices. The rest, he said, will rent starting at $1100.

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