UPDATE at 9 a.m. July 25: I talked to Brett Krueger Tuesday night about 8 p.m. He represents the investors who now own the S&W building and old Windsor Hotel in downtown. (See background below.)
Krueger said there are no plans for Starbucks to locate a retail location in the S&W building, which has been refurbished and stands ready to be leased. Krueger said he’s had interest from various parties, but no leas agreements have been signed, either for the S&W or the Windsor, which will have condos above and retail space below.
On a lighter note, Krueger said he’s in Asheville this week and has visited often. He and his fellow business partners plan to attend Bele Chere, he said.
The rumor swirling around town today is that Starbucks is looking at moving into the old S&W Cafeteria building on Patton Avenue. We’re checking on that.
The location has a great history. Built in 1929, the building is an iconic example of Asheville’s art deco movement in architecture. Inside and out, it is a stunning structure. The cafeteria closed in 1974 and was once the heart of downtown Asheville. The space was most recently the site of an upscale restaurant called Steak & Wine.
Florida-based investors bought most of the building from a bank on Jan. 31, 2011, for just less than $2 million. The investors did not buy three condos on the upper floors of the building.
Back in 2007, S&W Condominium Corp. bought the building for $2.45 million with plans to open the restaurant and remodel the upper floors into downtown condos. A bank foreclosed on the loan for that, which led to last year’s sale to the Florida investors.
Back in February, a spokesman for the company said it had plans to lease the old cafeteria space to a major restaurant. A related company bought the old Windsor Hotel building at the corner of Broadway and Walnut streets.
There’s your background. Anyone know anything more?
Category: Asheville News