The Haywood Condos

The Haywood: What’s Going on with Downtown Asheville’s Newest Condo Project?

The landscape of the downtown Asheville condo market could be changing drastically.

The Haywood, a condo development originally approved for development and construction at 123 Haywood Street in downtown Asheville, may be converted into a hotel project.

At a recent Design Review Committee meeting, the condo-hotel conversion was proposed, suggesting that the developers plan on flipping the existing approved condo project into a hotel.

Initially, the condo development was marketed and sold off as an 18-unit luxury condo project. Today, units at The Haywood are still actively being marketed for sale. Market rate prices for a 1-bedroom unit in The Haywood hover around 600k. On a price per square foot basis (appx ~$650 per square foot), units in the Haywood reflect a price premium for their convenient Downtown Asheville location and luxury appeal.

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At this point, it is unclear whether the plans to convert the project into a hotel will move forward, though what is clear is that the developers intend on pursuing this option.

Should the efforts to convert the project into a hotel succeed, The Haywood would become the newest hotel in Downtown Asheville.

Other than The Haywood, the newest condo project approved for construction near Downtown Asheville is District Brewery, a smaller scale luxury mid-rise, mixed-use development in Asheville’s South Slope Brewery District.


I'm Dylan Lennon, an Asheville local, the founder of this Asheville Real Estate website, and a Realtor in Asheville. Thank you for taking the time to read this blog post. I appreciate your time spent on this site and am always open to suggestions and ideas from our readers. You can connect with me on Facebook, Instagram, or contact me through this website. I'd love to hear from you.

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