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Investors secure financing tied to historic retail property in Asheville

Mixed-use property in North Carolina tourist destination may be poised for changes
Grove Arcade comprises retail and restaurants on the ground floor, offices on the second floor and apartments on the third, fourth and fifth floors. (CoStar)
Grove Arcade comprises retail and restaurants on the ground floor, offices on the second floor and apartments on the third, fourth and fifth floors. (CoStar)
CoStar News
October 15, 2025 | 9:00 P.M.

Changes may be on the horizon for Grove Arcade, a historic marketplace turned mixed-use development in the popular tourist destination of Asheville, North Carolina.

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