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| Consultation Report
Marketability Study Civic Center Project -- FULL TEXT |
| cover |
Consultation Report
Roy Wenzlick & Co.
Saint Louis
Marketability Study
Civic Center Project
Asheville, NC |
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inside cover |
Marketability
study
Civic Center Project
Asheville, North Carolina
by Roy Wenzlick & Co.
-------------------------Participating Staff
James R. Appel M. A. I.
Hiram C. Martin Jr.
Anthony Redmond
Attorney At Law
Asheville, N. C. |
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| letter |
Roy Wenzlick & Co.
Economists Appraisers Publishers
Telephone Garfield I-0706
706 Chestnut Street St. Louis 1, MO.
September 12,1960
Redevelopment Commission of
the City of Asheville
P.O. Box 7148
Asheville, North Carolina
Attention: Mr. Charles Dent, Executive Director
Gentlemen:
We are pleased to submit herewith six copies of our Marketability and
Land Use Study of the Civic Center Urban Renewal Project Area, in
accordance with our contract. In addition to the Marketability Study,
the Transient Housing Study prepared under a separate contract has been
incorporated in this report as an appendix.
We are of the opinion that the project is feasible and economically
sound, providing the public and semi-public uses indicated are able to
be consummated. We wish to suggest that no land be offered for sale to
private developers until all of the land for public and semi-public use
had been disposed of and structures on this land are actually under way.
The value of the land for resale purposes will be included in a
separate Reuse Appraisal at a later date, but enough on this was
collected to assure us that there would be a market for the land within
a reasonable ranges of values. Such values cannot be computed accurately
until the final disposition plan has been done by the planners. |
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It has been a pleasure working with you, your staff, the planning
consultants and all of those in your community that gave freely of their
time to assist us in the preparation of this report. We are looking
forward to the completion of the Reuse Appraisal section as called for
in out contract. Respectfully submitted
Hiram C. Martin, Jr.
HCM:bb |
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| table of contents |
TABLE OF CONTENTS
| I |
Introduction and
Statement of Objectives |
1 |
| II |
CIVIC REDEVELOPMENT PROJECT AREA |
6 |
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Location and Description |
6 |
| III |
PROPOSED REDEVELOPMENT PLAN |
8 |
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Composition |
8 |
| IV |
MARKET ANALYSIS |
11 |
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General Background |
11 |
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Office Space |
13 |
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Motor Hotel |
15 |
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Recreation & Amusement |
16 |
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Civic Center |
18 |
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Other Public Uses |
19 |
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Residential |
20 |
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Conclusion |
24 |
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APPENDIX |
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Analysis of Transient Housing in Asheville |
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EXHIBITS AND ILLUSTRATIONS |
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Project Area Map |
2 |
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Relative Location of Project Area |
5 |
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Proposed Redevelopment Plan |
9 |
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Trade Area |
12 |
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Table of Want Ads |
21 |
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Building Permits |
23 |
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| 1 |
Roy Wenzlick & Co.
Economists Appraisers Counselors Publishers LAND
UTILIZATION AND MARKETABILITY STUDY
CIVIC CENTER PROJECT
ASHEVILLE, NORTH CAROLINA
I
INTRODUCTION AND STATEMENT OF OBJECTIVES
As authorized by State and Federal legislation, the
Redevelopment Commission of the City of Asheville, North Carolina, is
proceeding with plans for the clearance and redevelopment of a portion
of the blighted area of the city. This report is concerned with the
Authoritys' project known as N. C. R-13, or the Civic Redevelopment
Project. This project is located adjacent to and north of the existing
city and country buildings which sit facing west to a small plaza
connecting to Park Square. The project extends north to the new
east-west expressway, still under construction, but almost ready for
use. It runs from approximately one-half block east of Market Street in
an easterly direction bordered on the south by College Avenue and Poplar
Street to the intersection with the Tunnel Road and the new expressway.
The project is entirely contained in the City of Asheville, & Buncombe
County. The planning consultants, Six Associates, Inc., are presently
working on a preliminary redevelopment plan for this area which will be
influenced to a considerable degree by this report. The proposed reuses
are predominantly civic in nature with residential and commercial uses
surrounding the civic area. Public and semi-public uses are to be the
dominant uses of the redevelopment plan. Details of the project area's
location and the proposed redevelopment plan are discussed in the next
section. On the next page a map of the area to be acquired will be
found.
The objective of this report is to determine by market
analysis the economic feasibility of a Civic Center surrounded by
commercial and residential areas. In addition to this market analysis, a
transient room study is being conducted separately. The final result of
this study is incorporated as a portion of this report in the appendix. |
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| 2 |
Project Area Map
Civic Redevelopment
Project NC-R-13
Legend
Area Boundary
Expressway Right-of-Way Boundary
Areas to be included but not acquired |
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3 |
The final redevelopment
plan will be drawn from the indications of feasibility of land uses
indicated herein, and the subsequent marketability of this land. The
conclusions as to marketability will be a result of factors affecting
the real estate market in Asheville at the time of offering the property
for sale. However, because of the civic nature of the redevelopment,
much of the area is predetermined as marketable, for this purpose. This
civic area must be considered on the feasibility of the civic project
and on an alternate use.
A third study, to be prepared later is the reuse appraisal which will
determine the fair market value of the various tracts of land after the
site has been cleared and made available for the new uses, in accord
with the redevelopment.
As for any commodity, demand must include not only desire for
possession, but also the ability to acquire. Supply is not only the
existence of a commodity, but its existence at the right place, at the
right time, and at the right place. In this instance, the commodity
involved, is cleared land in the project area, Naturally, a market
analysis such as this must look to the future, which involves
forecasting with all of its hazards. Therefore, it will not be possible
to arrive at precise conclusions as to the demand and supply situation
for new residential, commercial and civic uses sites in the Civic
Redevelopment Project area. However, by investigating as many known
factors as are available, it is possible to draw general conclusions as
to economic feasibility. Actually, in this project the degree of success
of the Civic Center in increasing conventions, drawing people downtown,
providing parking relief, and changingtraffic [sic] routes will affect the
marketability and consequently the reuses value of each site |
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to be offered for sale. It
is desirable, therefore, for the Civic Center to be designed, financed
and actually be under way prior to offering the balance of the project
for sale,
During the course of this survey, staff members of Roy Wenzlick and
Company have worked with or interviewed the staff of the Redevelopment
Commission, the City of Asheville, the Plan Commission, the Pack
Library, Six Associates, Inc., various civic groups and officials,
churches, the Tourist Association, the Chamber of Commerce, and many others,
resulting in the formulation of a generalized land use plan. This plan
is an adaptation of the original proposal of the planning consultants,
modified by street patterns suggested by engineers for the State Highway
Department, and augmented by additions to the project area during the
study period. Marketability of the parcels and the results of the
consultation creating the plan are contained in this report. It is our
understanding that this plan will be refined and resubmitted to us for
the reuse appraisal.
In this report, the major features of the plan are discussed, and
each major type of land use is considered as to its feasibility by
market analysis except for the public and semi-public uses for which
this approach is not pertinent.
The conclusions reached as to the highest and best use for the
residential and commercial areas should be considered as guides for
future development. We would advise against considering these
conclusions as rigid and without possibility of modification. To confine
redevelopers too much in this project could result in too few
bidders for the property. |
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| 5 |
Relative Location of Project Area
Civic Redevelopment
Project NC-R-13
Asheville, North Carolina |
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| 6 |
II
CIVIC REDEVELOPMENT PROJECT AREA
LOCATION AND DESCRIPTION
The Civic Redevelopment Project area comprises a section
in the heart of Asheville, just north of the City Hall and County Court
House, east of Market Street, south of the Expressway running east to
the north of College and Poplar Streets to the intersection of Poplar and the Expressway. This area is
immediately east of the central business district and north of the City
County Plaza. On the previous page, an exhibit shows the project area
in relationship to the remainder of the city. The project area contains approximately 65 acres. (Exact acreage computations have not
been made for this study as they will be included with the final
redevelopment plan to be prepared by the planning consultants).
Included within the site are several structures that are
not to be acquired. These include the Thomas Wolfe Home, the First
Christian Church, the First Baptist Church (including the Childrens
[sic]
Building), the Baptist Church School, the Professional Office Building
and Nursing Home, the Methodist Allen High School, two Negro churches
and their parsonages, and the Junior High School. On page 2, a project
area map shows these buildings which are to remain.
On page 10, we show a suggested Redevelopment Plan based
on marketability. On this plan the interior street pattern shows Woodfin
Avenue swinging south to connect to College which stops through traffic
from going by the Baptist Church and allows a larger recreation and
amusement are to the west. College and Poplar extension connects to Pack
Square at the City County extension. Spruce Street crosses the
Expressway and continues to the City County Plaza, and Charlotte crosses
the Expressway and comes straight south to form the eastern terminus of
a loop bypassing the central business district after circling the city
and county buildings and returning to the Expressway at French |
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Broad and Montford
Street. This interior street pattern will be the first step in an
entirely new traffic alignment for the central business district, in
conformity to a new comprehensive plan for the city.
Outside of the project boundary, to the west is to be the service and
parking area of the central business district. Presently it is a mixture
of office, retailing, wholesaling and some residential. To the south is
a mixed residential and commercial area, while to the east and north,
the project is effectively cut off from the surrounding area by the
Expressway, except for one small block north of the Expressway. This
block is primarily by residential areas with some commercial uses. The
project therefore, is just to the east of the heart of the city. It
should function to provide expansion, access parking and should be a new
generator of business for the central business district.
The topography of Asheville generally consists of hills and valleys
with rather steep slopes descending from the surrounding mountains to
the Swananoa [sic] and French Broad Rivers. The average elevation above
sea level for the downtown area is approximately 2200 feet. In the
project area the lowest elevation is 2160 feet and the highest 2250. At
the Court House and City Hall, the elevation is 2200 feet which means
that the project area falls and rises from this point. The high spot is
the eastern end and the low spot is just west of the Baptist Church. The
only steep slopes occur just south of the Junior High School and in the
two blocks to the west of the school. Each of these blocks slopes
downward from the north to the south. Some grading and perhaps retaining
walls will be necessary in these blocks. Otherwise the slopes are
gradual enough to allow redevelopment to follow any desired pattern . |
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III
PROPOSED REDEVELOPMENT PLAN
COMPOSITION
The exhibit on the following page shows a suggested or
proposed redevelopment plan based on the preliminary ideas of the
proposed street realignment and generalized land use of the traffic
consultant and the planner, respectively. We felt it necessary to place
the areas generally before stating that a given number of acres of
commercial, residential or public lands would be marketable. As a
result, although we know that this plan might only resemble the final
plan as to major street alignment and structures to remain, we have
obtained some ideas of frontage, location and areas that would not
otherwise be possible. We wish to emphasize that this plan is a
suggested preliminary plan to show how the areas could be developed.
Because it is preliminary, we have not accurately computed the acreages
in each block. IN some instances, we have designated parcels as as
convenience in estimating the approximate re-use values of blocks. We
anticipate the reuse to fall into three main categories, namely, public
or semi-public, commercial and residential.
The public or semi-public areas will contain the main
Civic Center Building, (which should contain some commercial as well as
cultural activities), parking areas, church expansions, and creation of
additional play area for the Junior High School and the Allen High
School. The Health Department could be augmented by including all other
public and private health and welfare agencies grouped together close to
the Court House and City Hall.
The commercial areas will be developed with a Chamber of
Commerce building, a motor hotel and attendant service station,
restaurant, etc., certain small shops attractive to transient trade, a
recreation and amusement area, office buildings, and the required
parking facilities for each. |
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| 9 |
Proposed Redevelopment Plan
CIVIC CENTER
PROJECT NC. R-13
ASHEVILLE, NORTH CAROLINA
--- LEGEND ---
COMMERCIAL
RESIDENTIAL
PUBLIC & SEMI-PUBLIC |
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| 10 |
The residential area to the east is for
multiple family, garden-type developments similar to the F.H.A. 608
developments in Asheville. One building, presently used as a church
school by the First Baptist Church will probably be offered for
remodeling to multiple family use. The one residential area adjacent to
the Civic Center is planned for a high-rise multiple family building.
All of these uses are compatible with the results of the market
analysis, but it cannot be over emphasized that they depend to some
degree on the success of the Civic Center in design, activity, and local
and tourist interest and participation. For this reason, we have
included some suggestions of alternate uses and a statement dealing with
the formation and function of a Civic Center Association of some type,
which would buy the land and build the Civic Center. |
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| 11 |
IV
MARKET ANALYSIS
GENERAL BACKGROUND
The City of Asheville is located in the Blue Ridge
Mountain area about 30 miles from the highest peaks in the east. About
50 miles west are the Smoky Mountains of North Carolina and Tennessee.
Asheville is called the capital of Western North Carolina, and it serves
as the home for the W.N.C. Regional Plan Commission and many other
governmental functions. Twelve counties of Western North Carolina
compose the district, which is mainly a series of valleys between the
two ranges. The French Broad River flows through the valley into
Tennessee. It is joined in Asheville by the Swananoa [sic] which comes
from the mountains to the east. The mean elevation of Asheville is 2300
feet while the adjacent mountains rise to 5000 and 6000 feet. On the
next page a trade area map shows the general location of Asheville.
The Asheville community is quite old, having been
established in 1784. Buncombe County, of which Asheville is the county
seat, was established December 5, 1791. In 1797 Asheville was
incorporated and named in honor of Governor Samuel Ashe. Throughout its
history, Asheville has been a very progressive community. This is
established by such facts that although the population was only 6000,
Asheville had the second electric street railway in the world in 1889.
In this year, George Vanderbilt came to Asheville and began the
purchases and construction that ultimately produced his great estate
"Biltmore", today a must on the list of all tourists in the vicinity.
The Southern Railway came to Asheville in 1894 and growth followed at a
far greater rate than before. The first large industry for Western North
Carolina was Champion Paper and Fibre Company, which located in the
French Broad River Valley in 1906 and is still there employing thousands
of people. Other large industries then located only a few miles from
Asheville, the closest being American Enka Corporation which is now
within the city limits. It employs over 2,000 persons. This |
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TRADE AREA |
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growth and development resulted in over
optimism, and a land boom similar to the one in Florida during the late
twenties occurred. So enthusiastic were the local citizens that they
passed large bond issues and constructed a huge Court House and City
Hall, each large enough to provide the space for government offices of
far larger entities than either Buncombe County or the City of
Asheville. Large office buildings, the Grove Arcade, large hotels and
many speculative ventures attested to the belief that Asheville was just
started toward a glorious future, when the bubble burst. The community
and many citizens went broke, defaulted on bonds, refinanced and began
the long struggle back which was much more difficult than most
communities because the base had not been solid. An overcautious spirit
of super conservatism then prevailed until after World War II and the
Korean War. Since then, and especially in the last five years, the
economic growth and population growth of Asheville have begun to rise
more rapidly than any time since the late twenties. Today, Asheville is
once again growing and moving forward. Bond Issures are now creating
funds necessary for such progressive functions as increasing the water
supply and providing for Urban Renewal. Business men are cooperating to
raise money for Civic Improvements. OFFICE SPACE
The presence or lack of any commodity alone, does not determine the
marketability or feasibility of offering it for sale. To be accepted, it
must be needed and/or desired and be available at the right time in the
right quantity and at the right price. In attempting to determine
whether a need or desire for new office space existed in Asheville, it
is not enough to say no, because the present space is 15% vacant. The
thousands of square feet of available space may not be desirable at any
price due to location, condition, age, price or other factors. It
accured [sic] to us, therefore, to test the market for office space in
the Asheville area, by asking the people who would be considered
prospective users of such space if they needed, desired, or would use
newly created office space. Accordingly, we prepared a questionnaire
designed to acquire this |
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knowledge along with other facts such as
parking required, number of employees, air conditioninig, and other
facilities. On the next page there are a facsimiles of a letter and the
questionnaire sent to 325 individuals and firms that presently have
office space in or close to the downtown area. This questionnaire was
sent to the following types of firms; Attornies, Appraisers, Real Estate
Companies, Dentists, Physicians, Insurance Agents and Companies,
Accountants, Architects, Engineers, and Certified Public Accountants.
Primarily the list of one of professional people. Other than real
estate, and insurance, no businesses were contacted. The survey results,
therefore, by proper statistical procedures, could be expanded to
indicate a total demand for space in downtown Asheville. Questionnaire
results follow:
| Total mailed |
325 |
| Replies received |
98 or 30% |
| Not interested |
55 |
| Interested |
40 |
| Maybe |
3 |
| Total space requested by yes answers |
41,283 Sq. Ft. |
| Total space requested by maybe answers |
5,350
|
| Grand Total space requested |
46,633 Sq. Ft. |
| Willing to pay $3.00 per square foot |
12,071 Sq. Ft. |
| Willing to pay $3.50 per square foot |
11,162 |
| Willing to pay $4.00 per square foot |
11,200 |
| Willing to pay $4.50 per square foot |
1,750 |
| Willing to pay $5.00 per square foot |
2,000 |
| Six did not specify amount. |
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Among other questions answered, a need for parking
spaces for 279 cars was indicated. The number of employees indicated
was 133 which did not count employers.
Analysis of these results indicates to us that all
of this demand could be accommodated regardless of the indicated
rental. As less than one third of the Asheville office space is
rented to the group that was polled, we believe that the additional
business demand would
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Roy Wenzlick & Co.
Economists Appraisers Counselors Publishers
Publishers of the ANALYST Reports
Telephone
Garfield I-0706
706 Chestnut Street ST. Louis 1, MO.
September 23, 1960
The City of Asheville through the Redevelopment Commission is
currently engaged in an Urban Renewal project designed to improve
downtown Asheville. Our firm is conducting a survey in order to assist
the Commission and the planners in determining the ultimate reuse of
this area. The project is known as the Civic Center Redevelopment
Project.
You can be of assistance to your city by filling in the attached
questionnaire and returning it to us in the enclosed return envelope as
soon as possible. This questionnaire is only concerned with office
space, but you are urged to comment on any phase of this program in the
space marked for "comments".
Results of this questionnaire are strictly confidential so you need
not sign your name unless you so desire.
Thanking you for your cooperation, I am
Sincerely yours,
Hiram C. Martin, Jr.
HCM:bb |
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| 14b |
OFFICE SPACE QUESTIONNAIRE*
Select or Fill in
We are (not) interested in office space in the project
area.
We would require approximately __________ square feet of space.
We would pay up to $3.00 - $3.50 - $4.00 - $4.50 - $5.00 per square foot
per year.
We would like to be on ground - upper floor.
We need space to park ___________ cars for employees _____________ for
others.
We need the following utilities in our space: water, gas, power wiring,
other __________________ .
We would (not) like especially designed interior partitions.
We (do not) need cabinet work, sinks, labs, special floors.
We will have approximately ___________ employees.
We (do not) desire year round air conditioning.
Remarks:
* Any office buildings to be built in this area would probably be very
near the County Court House. They would contain adequate parking
facilities, be in a pleasantly landscaped area, have restaurant
facilities, and be available to business firms and professional people.
Rent would probably be from a minimum of $3.50 to a maximum of $5.00 per
square foot depending on location, size, air conditioning, etc. Such a
building would probably be available in 1964. |
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actually double the indicated volume and
still be conservative. For instance, there is presently in the area a
branch bank that will be removed. It goes without saying that space for
such a facility including a drive-in window or two would be very easy to
rent. Such a building could also support one or two restaurants and a
drug store. This type tenant would be available before contacting any
other types of businesses. We were told that the State of North Carolina
wanted space to consolidate various state agencies, that the Federal
Government desires space for the Forest Service and other needs, the
Chamber of Commerce and other semi-public agencies needed space, and
therefore, we have estimated conservatively the market for office space
as follows:
| Professional Survey |
47,000 Sq. Ft. |
| Business, C. of C. & Semi-Public |
53,000 |
| Government |
60,000 |
| |
160,000 Sq. Ft. |
Our conclusion therefore is that there will be a
market for 160,000 square feet of office space in the project area
which can be rented profitably by a private redeveloper.
MOTOR HOTEL
In a separate report, we have made a transient study
indicating the feasibility of including a motel or motor hotel in
the project area. The results of this study showed that inclusion of
additional transient rooms for the Asheville area could be absorbed
by the increasing tourist and convention business at the rate of 60
unites per year. From this and other facts, we determined that a 200
unit motel could be included profitably in the project area.
However, as in the case of the entire project, it must be pointed
out that as a separate entity, such a motel might not stand on its
own feet at this time. The remainder of the project, and in
particular the Civic Center function has to be a "fait accompli" to
assure the motel of year round im-[mediate]
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[im-]mediate success. Auxiliary services to
the motel should included swimming pool, restaurant, parking and small
shops in connection with the restaurant. The minimum area would be three
acres. The entire transient room study appears in the appendix of this
report. Alternate use of this site would be commercial and create
competition for the central business district. It would also make a fine
supermarket or city market site. RECREATION & AMUSEMENT
Testing the market for a commercial recreation and
amusement area is almost an impossible task without knowing the exact
nature of the enterprise. To work backwards, however, we have tried to
determine what types of business have been successful in the local area
and elsewhere. Such items as the "Tweetsie" railroad, stage plays such
as "Unto These Hills", and those put on by the "Flat Rock Playhouse,"
have been successful. Chimney Rock and other wonders of nature have been
commercialized. Amusement parks with rides, zoos, pavillions, coffee
houses, bowling alleys, miniature golf, and dance halls have been
popular and well attended. Actually, in most cases, the market is what
the promoter makes it. In the instance of downtown Asheville, the need
is for an attraction that will bring both tourists and Asheville
citizens into the downtown area. The suggested plan designating as
commercial amusement and recreation, some six acres, visible from the
expressway and adjacent to the downtown area should certainly be
attractive to investors in the amusement and recreational field. There
are a minimum of 250,000 visitors of the tourist type each year in
Asheville, approximately 100,000 more pass through without spending a
night. Approximately 130,000 more people live in the greater Asheville
primary trade area. It is easy to show a prospective redeveloper that
over 500,000 people per year would be exposed to this site. With the
completion of the Civic Center, additional people will be constantly
added to this already impres-[sive] |
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[impres-]sive list. According to the
Convention Bureau, almost three out of four vacationing people are
looking for something to do and for a place to spend money. At present,
the average length of stay of tourists in Asheville is 1.3 days. If
there were more attractions, this time could be increased and all
businesses would prosper accordingly.
The type of amusement and recreation area we envision would include,
in a non-garish but spectacular fashion, some rides and a small zoo for
both children and adults, outdoor roller and ice skating rink, coffee
house, restaurant with night club atmosphere, baseball cage, pitch and
putt golf. Other items of local interest could be added, and the entire
architecture would have a design peculiar to a "Landin [sic] the Sky"
theme, perhaps surmounted by a tower with an observation platform and/or
restaurant at the top to give identity to the group.
Other types of commercial recreation and amusement should be
considered by the authority, but it should be kept in mind that a
potential redeveloper might wish to use his own design such as a
"Disneyland" or "Mountain Fantasyland". Therefore, the overall effect
and character of the development should be the main judging point.
Certainly the minimum potential of 500,000 customers per year, which
does not even count convention tie-ins should more than establish a
market for the land. The city would have to be sure that the zoning and
the permits necessary for such a venture would be available to a
redeveloper. (Even then it might be difficult to secure adequate
financing, but we believe that this opportunity for a large area in the
heart of a tourist city would be attractive to capital interest in
commercial recreation and amusement). The principal planner, Anthony
Lord, of the Six Associates firm, recently went to Copenhagen, Denmark
and other European Cities to investigate various possibilities along
this line. People interested in financing commercial recreation ventures
accompanied himon [sic] the trip. |
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| 18 |
We believe that the method of disposal of
this property will have a great deal of effect on both the desireabilty
and marketability of the property for this use. Careful consideration
should be given to the possibility of partition of the area by function,
or sale of the property as an entity. Potential redevelopers therefore
should be required to submit proposals in several ways.
It is possible that the Civic Center Design would include a motel or
hotel on upper floors. This would free the motel site for an alternate
use. One non-commercial use would be to relocate the city market in this
space. Certainly plans should not be frozen until all such possibilities
are investigated.
CIVIC CENTER
When the reuse of land is scheduled as public or semi-public, it is
not possible to have a market analysis per se, but it is necessary to
determine feasibility of the land for the intended use. In the reuse
appraisal such land is not priced as land for the use intended, but
rather on the most feasible alternate use. There is no question or doubt
that the alternate use for land designated for the Civic Center would be
a commercial use, even though this might harm the existing downtown
area. Because the entire project revolves arount [sic] the creation of
the Civic Center and the subsequent operation of same, the problem of
feasibility also becomes insignificant and hypothetical. Comment on this
activity is apropos however. The Civic Arts Center, Inc., which is
composed of 26 separate organizations, each engaged in a separate civic
function, is ready to sponsor or assist the project. The Chamber
of Commerce has passed a resolution to work in every way to obtain
certain desireable facilities in the Civic Center. Many other
individuals, firms, and organizations recognize the importance of the
project to Asheville, but do not know how they can help. Because the
entire concept of the program is designed around the function of a Civic
Center, it is imperative at this time to determine exactly who or what
organization will buy the ground and build the building. An |
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architect should be selected by this group
and plans drawn showing how each organization would work or meet in the
building, how much space they would need and what they would pay for it.
In this connection, we believe that every effort to obtain the local TV
and radio station as a tenant or part owner of the building should be
made. In this manner, every convention visitor, tourist, or just plain
citizen could see TV or live radio programs in action at all times.
Meetings, plays, etc., could be easily covered for news by both media,
and we believe that the Civic Center, through local folk dancing, could
attain ultimate national stature in the same manner as Springfield,
Missouri and Nashville, Tennessee.
It must be recognized, though, that commercial tenants cannot pay the
entire cost of the operation of the Center. To do these things, we
reiterate, all groups must agree as soon as possible on who will own and
build. Money must be raised at once. It must be known to the entire
community that the Civic Center per se, will be built. It must also be
known to all potential redevelopers that the Civic Center will be built
first. Every effort should be made to acquire and clear the land for the
Civic Center Structures as soon as possible. Street changes can wait on
construction, but the sooner the Civic Center starts up, the greater the
momentum will become for both the remainder of the project and a revival
of interest in the central business district. Everyone displaced by the
project must move somewhere. Many of these businesses will fill existing
vacancies in the central business district. This movement once started
should help fan the flame of the Civic Center and thus help to create a
better market for the remaining commercial and residential areas.
OTHER PUBLIC USES
Other land in the public and semi-public category is planned to allow
the expansion or construction of churches, schools, the Health
Department or plazas. Each is in a location desireable for the
particular project. Each must be purchased by the appropriate group or
governmental agency. These agencies, either public or private, |
 |
| 20 |
should announce their intention of
purchasing the land involved and develop plans for the structures. This
action, as in the case of the Civic Center, will help to insure ultimate
success, and the subsequent marketability of the remaining land. It will
also assist in acquiring any money necessary by adding Public
Improvement to any Bond Issues that may be necessary.
All of the land for public or semi-public use is not desireable as
commercial. Hence the alternate use of the land in blocks P-3, P-4, P-5
and P-9 has been determined to be multiple family residential.
RESIDENTIAL
In determining the marketability of land for multiple
family occupancy, we examined the building permits for the last five
years, and the multiple family structures in existence. We were able to
discover only 20 apartment houses designed and built as such, in
Asheville. In the older areas many conversions have created multiple
family units. The residential areas of Asheville are primarily of the
single family variety. Four garden type FHA 608 projects were built
about ten years ago which filled the need at that time. These projects
are the Beverly Hills Apartments with 146 units, Edgewood Knoll with 168
units, Dunbar Court Apartments with 112 units, and West Hills Terrace
with 80 units. All are two-story garden type apartments. The rent range
is $80 to $120 per month depending on size and location. There is a
waiting list for most of the units. On the following page there is a
table of newspaper ads concerning rental property. The period covered is
August 23, to September 3, 1960, inclusive. It must be remembered
that this is the close of the tourist season and most of the furnished
apartments and houses are advertised for rent June 1 only. Even so,
there were very few repeat ads. The average rental for an unfurnished
two bedroom house was $65 - $80 and for an unfurnished apartment was $75
to $90 per month. The striking facts brought out by these ads were (1)
the small number of ads in |
 |
| 21 |
Newspaper Ads - Asheville Citizen
| Date |
Unfurnished
Apartments |
Furnished
Apartments |
Unfurnished
Homes |
Furnished
Homes |
Business
Rentals |
Wanted
to Rent |
| August 23 |
17 |
32 |
13 |
5 |
2 |
2 |
| August 24 |
20 |
34 |
17 |
7 |
2 |
2 |
| August 25 |
18 |
31 |
18 |
8 |
2 |
2 |
| August 26 |
19 |
32 |
20 |
9 |
3 |
2 |
| August 27 |
18 |
35 |
19 |
8 |
3 |
2 |
| August 28 |
22 |
41 |
22 |
10 |
3 |
2 |
| August 29 |
19 |
37 |
20 |
9 |
2 |
2 |
| August 30 |
18 |
35 |
19 |
9 |
2 |
2 |
| August 31 |
19 |
33 |
18 |
7 |
3 |
1 |
| September 1 |
15 |
34 |
15 |
9 |
4 |
2 |
| September 2 |
15 |
32 |
11 |
11 |
2 |
2 |
| September 3 |
20 |
34 |
7 |
12 |
3 |
5 |
|
 |
| 22 |
relation to the population, as they covered
the metropolitan area of over 100,000 people and (2) the apparent quick
renting of the units shown by the disappearance of the ads and their
replacement by ads for different units.
Although we are talking about a market several years in the future
ther [sic] is no historical reason to indicate a change in the pattern
of construction which would cause many multiple family units to be built
in the next few years. On the following page is a tabulation of building
permits for the last five years. It shows only one multiple family
project in five years, and this is not a private development.
Investigation of higher priced luxury apartments practically stopped
at the Manor Apartments and these units are not strictly apartments, but
are essentially tourist accommodations. Actually, there isn't a good
high-rise apartment in Asheville.
In addition there will be an estimated 50 families per year displaced
by public improvements in the next four years. The result is that the
number of dwelling units created each year is not keeping up with the
rate of population growth. The indicated growth of 7000 between the 1950
and 1960 census has largely occurred in the last five years at the rate
of approximately 300 families per year. Compared to the dwelling units
built, there is a shortage of 500 dwelling units over the last five
years. Total employment figures for Asheville indicate that the upward
trend in population for the last five years is accelerating, which would
indicate a larger market unless building activity is increased in the
interim. We have computed therefore, the following market in the project
area, which we believe will be approximately one-half of the multiple
family demand four and five years from now.
Garden Type 250
dwelling units
Luxury High Rise 95 dwelling units |
 |
| 23 |
ASHEVILLE, NORTH CAROLINA
Building Permits
P. = permits
D.U. = dwelling units
| |
Single
P. |
Family
D.U. |
Multi
P. |
Family
D.U. |
Total P. |
Residential
D.U. |
Amount |
Non
P |
Residential
Amount |
| 1960 (thru July) |
164 |
164 |
3 |
14 |
|
|
|
|
|
| 1959 |
147 |
147 |
3 |
8 |
150 |
152 |
$1,560,000 |
82 |
$1,280,671 |
| 1958 |
163 |
163 |
2 |
236 |
165 |
399 |
3,840,164 |
78 |
847,115 |
| 1957 |
138 |
138 |
0 |
0 |
138 |
138 |
1,423,025 |
60 |
1,299,860 |
| 1956 |
150 |
150 |
4 |
34 |
154 |
184 |
1,593,400 |
67 |
3,525,188 |
| Total 4 years** |
762 |
762 |
12 |
292 |
607** |
873** |
$8,416,589** |
287** |
$6,952,834** |
| |
Additions
P. |
& Rep.
Amount |
Installations
P. |
Amount |
Grand
P. |
Total
Amount |
| 1959 |
409 |
$719,776.32 |
75 |
$30,545.00 |
713 |
$3,695,041.32 |
| 1958 |
447 |
620,515.59 |
137 |
27,268.15 |
828 |
5,354,062.74 |
| 1957 |
369 |
589,217.21 |
66 |
33,587.00 |
632 |
3,319,908.21 |
| 1956 |
351 |
920,231.94 |
100 |
35,053.60 |
673 |
6,073,873.54 |
| Total 4 years** |
1576** |
$2,849,741.06** |
378** |
$126,453.75** |
2846** |
$18,442,885.81** |
** Totals are for 4 years 1956-1959 inclusive.
|
 |
| 24 |
The rentals for the garden type should be
in the $100 to $125 per month bracket. For the high-rise building, we
estimate there will be a market for 25 efficiency units at $100 per
month, 30-one bedroom units at $150 per month and 40-two bedroom units
at $200 per month. We suggest placing this high-rise building in a
commanding position overlooking the Civic Center, close to everything in
the downtown area. CONCLUSION
We sincerely believe that this project is unique, in that
marketability of all of the commercial and residential areas is
dependent to some degree on the success of the Civic Center. We
recommend that a schedule be established that allows the public and
semi-public uses to be developed first so that potential redevelopers
can have more facts than are here-in presented, on which to base their
proposals for the land. Even though we have not made a reuse appraisal,
and cannot do so until a redevelopment plan has been adopted, we believe
that the project land will sell for approximately $1,200,000 to
$1,300,000. We believe the project to be entirely feasible and feel
confident that subject to the Civic Center going ahead first, there will
be a market for the proposed reuse of the land. We believe that the land
can be sold for the new uses over a period of three to four years. This
should mean that the entire project could be completed by 1967. Sale of
the project land at this rate would have no adverse effect on other land
sales or developments in Asheville. In fact, the sale of this land
should encourage other development.
Our conclusion is that the land utilization program is entirely
feasible and that the land to be offered for reuse is readily marketable
within the scope of the restrictions to be imposed on it for reuse. |
 |
| 25 |
APPENDIX |
 |
| 26 |
ROY WENZLICK & CO.
ECONOMISTS APPRAISERS PUBLISHERS
TELEPHONE GARFIELD I-0706
706 CHESTNUT STREET ST. LOUIS 1, MO.
September 12, 1960
Redevelopment Commission
of The City of Asheville
P. O. Box 7148
Asheville, North Carolina
Attention: Mr. Charles Dent, Executive
Director
Gentlemen:
In accordance with our contract, we are pleased to submit to you, our
findings resulting from the study and analysis of Transient Housing in
Asheville, North Carolina, contained in the attached report. We are
indeed grateful for the splendid cooperation of your project planners,
plan commission, and your staff, but most of all for the assistance of
your citizens. In particular, the Tourist Association, its president,
Mr. Al Diamond, and its members opened their books and offered all
cooperation possible, even though the then unknown result of the study
might have had an adverse affect on their respective business ventures,
Their confidences have been respected, but their figures were used to
compute rate of absorption, gross volume, etc.
Principal findings and conclusions are:
1. Tourist business has increased at 2% per year for the last 10
years meaning that, a net of 60 new transient rooms per year can be
added to the Asheville supply without affecting the net of existing
operators.
2. The Civic Center is designed to bring more people downtown. A
motel will help to fill the need thus created and complement the project
by helping bring more people downtown.
3. Competitive rooms downtown will be unable to meet existing, or the
future demand, and will need to be increased in the next 10 - 20 years if the Civic Center and the Comprehensive Plan are
successful. |
 |
| 27 |
Redevelopment Commission -2
September 12,1960 4. The reuse of land in the Project Area warrants
the construction of 200 units in the area.
We hope that this study justifies the inclusion of a motel site in
the final redevelopment plan as we believe it will enhance the project
and contribute to the overall success. It will be economically feasible
and the land should bring a high price in the bidding for the reuse as a
motel site. Should there be any way in which we can assist you further,
do not hesitate to call upon us.
Respectfully submitted.
Hiram C. Martin, Jr.
HCM:pe |
 |
| 28 |
[table of contents of appendix]
TABLE OF CONTENTS
| |
Page |
| Introduction And Purpose Of Report |
1 |
| Premises Of Report |
1 |
| Background Data |
3 |
| Existing Transient Facilities |
6 |
| Rate Of Absorption |
8 |
| Rate Of Occupancy |
8 |
| Anticipated Market |
11 |
| Suitability Of Area |
12 |
| Conclusions And Recommendations |
12 |
| |
|
|
LIST OF ILLUSTRATIONS |
|
| Proposed Redevelopment Plan |
2 |
| Location of Major Motels |
9 |
|
 |
| 29 |
[appendix page 1] Roy Wenzlick & Co.
Economists Appraisers Counslors Publishers
TRANSIENT HOUSING
CIVIC CENTER PROJECT
ASHEVILLE, NORTH CAROLINA
INTRODUCTION AND PURPOSE OF REPORT
The Redevelopment Commission of the City of Asheville, North Carolina
is proceeding with an Urban Renewal project, N. C. R-13, called the
Civic Redevelopment Project. Because it was questionable as to the
feasibility of including a site for a motor hotel or motel in the
project area, and in conformance to the URA procedure, a separate study
of supply and demand of transient housing facilities is being made. The
actual purpose of the report is to determine whether or not a market
will exist for a motel site, at such time as the cleared land would be
offered for sale to a redeveloper. Also, taken into consideration is the
economic effect of such a motel, if it were to be constructed, on the
other hotel or motel accommodations in and around Asheville.
PREMISES OF REPORT
Prediction of marketability of any motel site at some time in the
future is naturally contingent on location. As there has been no
redevelopment plan prepared at this time, the first premise of the
report is that a motel site would be located on a through street in a
desirable location for a motel. The suggested redevelopment plan shown
on the next page has such a site for a motel. This plan was prepared for
the marketability study of the project area and is not the product of
the planners, but is rather the market analysts' suggestion of possible
locations for various types of land use.
A second premise of the report is that no new motel will be built in
the downtown Asheville area in the intervening period from the present
to the time of offering a motel site in the project area for sale.
A third premise is that the final Redevelopment Plan will contain a
desirable site for a motel in conjunction with the Civic Center, and
that the plan will contain adequate parking, street realignment, and all
other features to make an economically feasible project. |
 |
| 30 |
[appendix page 2]
Proposed Redevelopment Plan
CIVIC CENTER
PROJECT NC. R-13
ASHEVILLE, NORTH CAROLINA
--- LEGEND ---
COMMERCIAL
RESIDENTIAL
PUBLIC & SEMI-PUBLIC |
 |
| 31 |
[appendix page 3] BACKGROUND DATA
North Carolina stretches from the Atlantic Sea Coast on the east to
the Great Smoky Mountains on the west. In between the two lies the
Piedmont Plateau and the Blue Ridge Mountains. The state, therefore, has
all types of scenic wonders from the beach to the most rugged areas,
including the highest peak in the east, Mount Mitchell, over 6, 000 feet
high and only 30 miles from Asheville. Partly as a result of this
natural beauty, North Carolina has become quite a tourist attraction. So
much so that for the state, the Travel Industry ranked third last year,
doing a $360,000,000 volume. This followed textiles and tobacco, and
preceeded furniture in the list of income in the state. Asheville, in
Western North Carolina is at a cross road for tourists driving either
east-west or north-south, plus the Blue Ridge Parkway. It is on the
Southern Railroad and has a new all-weather airport that allows night
landings and take offs of commercial aircraft for the first time. The
new inter-regional highway system eliminates many previous dangers of
mountain driving. In short, Asheville from now on will be more
accessible to more people than ever before. This would indicate that an
increase could be expected in tourism business in the Asheville area.
In addition to tourists, and the normal visiting of a city the size
of Asheville (over 100,000 in the metropolitan area), there is an
average amount of business travel required to sustain the economy. On
the next page, a chart is reproduced showing employment in Buncombe
County. This county had a population of 129,879 in the 1960 census and
constitutes the primary trade area for Asheville. The figures indicate
that 39.2% of the population is employed, with the majority in
non-manufacturing jobs. This justifies to a degree the Chamber of
Commerce claim that 34% of the economy of Asheville is dependent on the
tourist trade. Unfortunately there is no exact way to break down the
travel business to show what percentage is normal for a city of this
size. Certain studies have-been made that enable us to estimate with a
fair degree of accuracy, however. The analysis which follows is a
combination of facts insofar as is possible, and conservative estimates
beyond that point. |
 |
| 32 |
[appendix page 4]
BUNCOMBE COUNTY
| |
|
|
|
Per Cent Change To July, 1960 From: |
| Employment Trends - Total |
July
1960 |
May
1960 |
July
1959 |
May,
1960 |
July,
1959 |
| Civilian Labor Force - Total |
53,900 |
52,850 |
52,700 |
+ 2.0 |
+ 2.3 |
| Unemployed |
2,900 |
2,300 |
2,550 |
+ 26.1 |
+ 13.7 |
Employed
Nonagricultural
Wage & Salary Workers*
All Other 1/
Agriculture |
51,000
47,000
40,550
6,450
4,000 |
50,550
46,550
40,100
6,450
4,000 |
50,150
46,150
39,700
6,450
4,000 |
+ .9
+ 1.0
+ 1.1
.0
.0 |
+ 1.7
+ 1.8
+ 2.1
.0
.0 |
| *WAGE AND SALARY WORKERS |
40,550 |
40,100 |
39,700 |
+ 1.1 |
+ 2.1 |
| Manufacturing - Total |
15,650 |
15,400 |
14,750 |
+ 1.6 |
+ 6.1 |
| Food and Kindred Products |
1,340 |
1,320 |
1,180 |
+ 1.5 |
+ 13.6 |
| Textile Mill Products |
3,810 |
3,810 |
4,100 |
.0 |
- 7.1 |
| Apparel and Related Products |
1,340 |
1,330 |
1,160 |
+ .8 |
+ 15.5 |
| Lumber and Wood Products Exc. Furn. |
550 |
550 |
550 |
.0 |
.0 |
| Furniture & Fixtures |
1,200 |
1,150 |
1,000 |
+ 4.3 |
+ 20.0 |
| Printing, Publishing & Allied |
430 |
420 |
420 |
+ 2.9 |
+ 2.9 |
| Chemicals and Allied Products |
4,080 |
4,120 |
4,200 |
- 1.0 |
- 2.9 |
| Electrical Machinery |
1,570 |
1,540 |
1,330 |
+ 1.9 |
+ 18.0 |
| All other Manufacturing 2/ |
1,330 |
1,160 |
810 |
+ 14.7 |
+ 64.2 |
| Nonmanufacturing - Total |
24,900 |
24,700 |
24,950 |
+ .8 |
.2 |
|
 |
| 33 |
[appendix page 5] BUNCOMBE COUNTY
(continued)
| |
|
|
|
Per Cent Change To July, 1960 From: |
| |
July
1960 |
May
1960 |
July
1959 |
May,
1960 |
July,
1959 |
| Contract Construction |
1,900 |
1,850 |
2,050 |
+ 2.7 |
- 7.3 |
| Transp., Comm., & Other Utilities |
2,210 |
2,180 |
2,140 |
+ 1.4 |
+ 3.3 |
| Wholesale & Retail Trade |
8,380 |
8,490 |
8,530 |
- 1.3 |
- 1.8 |
| Finance, Insurance & Real Estate |
1,010 |
1,110 |
1,070 |
- 9.0 |
- 5.6 |
| Service Industries |
5,650 |
5,560 |
5,520 |
+ 1.6 |
+ 2.4 |
| Government |
6,630 |
5,390 |
5,530 |
+ 4.5 |
+ 1.8 |
| All Other Nonmanufacturing |
120 |
120 |
110 |
.0 |
+ 9.1 |
1/ Includes self-employed, unpaid family workers, and domestics
in private households.
2/ Includes leather, machinery other than
electrical; stone, clay and glass products, fabricated metals,
transportation equipment, silverware, and all other.
Source: Employment Security Commission at North
Carolina
|
 |
| 34 |
[appendix page 6] EXISTING TRANSIENT FACILITIES
Transient rooms in Asheville are mainly of three distinct types.
These types can each be graded to indicate quality or price, and the
type of business. As in any city, therefore, the total number of rooms
does not entirely reflect the true picture unless certain minimum
standards of type and quality are also counted. For purposes of this
analysis, we have used the following:
8 Hotels - 1200 rooms
70 Motels - 1900 rooms
Included in these totals are many marginal operations, but we have
counted all of the rooms which we believe are commercially operated.
Through the cooperation of the Tourist Association, we were able to
get detailed figures of specific operations and to compute averages
applicable to the totals. The first fact that is apparent is that there
are three types of accommodations. They are:
1. Motels - Included in this category are all roadside accommodations
commonly known as a motel or tourist court plus some units with kitchen
facilities for more extended vacations, and some of the larger and
better guest homes that have converted and have private baths, etc.
2. Hotels - in the normal sense of the word.
3. Guest Homes - These are usually larger old homes that have rooms
for rent by night or week. Usually sanitary facilities are shared. These
guest houses are naturally the cheapest, and they actually represent a
shortage of more desirable rooms. They also take care of those that
cannot afford better accommodations. We have estimated that there are
1000 additional rooms that are included in this category excluding
normal rooming houses.
The operators of these guest houses are either seeking extra money,
are retired, or in some cases are actually making a living from the
operation. |
 |
| 35 |
[appendix page 7] The second fact immediately apparent in the transient room field, is
the difference in rates due to the, "season". Following are the rates of
a good motel for single occupancy of a twin or double room for a typical
year for tourist occupancy.
|
November 1 to April 1
|
$8.00 to $9.00 |
|
April 1 to May 1, rises gradually depending on traffic |
$9.00 to $10.00 |
|
May 1 to June 15 |
$9.50 to $11.50 |
|
June 15 to Labor Day |
$12.00 to $14.00 |
|
Labor Day to September 30
|
$9.00 to $10.00 |
The same room will rent to a commercial man who is a steady customer
for $5.50 to $7.00 winter and $6.50 to $8.00 in the summer. All good
motels do this to insure winter business. The percentage of occupancy by
commercial people is 80% in the winter and 10% in the summer.
The third fact of existing business is that by far the largest share
of convention business goes to hotels rather than motels. The city
auditorium is next door to the Vanderbilt and a short block from the
Battery Park Hotel. Both are excellent with good facilities and are able
to care of almost all of the convention business. Only the largest of
the conventions spill over to the other hotels and motels. However,
these hotels are old, and it must be considered that in the next 20
years, that they will need complete renovation if they are to compete.
A fourth fact concerning existing tourist business, but only mildly
affecting transient rooms, is that Asheville is a center for religious
summer camps. Literally thousands come to the various assemblies, camps
and retreats in the mountains. These are operated by Baptists,
Methodists, Independents, and many other groups, some on a national
basis. These people are classed as tourists, but only the over-flow
finds its way into transient rooms. The Asheville economy, though,
profits from food, gasoline, and other sales. |
 |
| 36 |
[appendix page 8]
RATE OF ABSORPTION
On the following page is a map showing the location of the major
motels in the Asheville area. The major hotels are downtown while the
motels mainly are on the highways entering the city. The newest group of
motels centers around the Howard Johnson Motel and Restaurant. Four
years ago, it was thought by motel owners that with the new construction
in this area, other motels would be forced out of business. Instead of
this happening, business either held steady or increased and other
motels modernized, added rooms and swimming pools. Only very marginal
motels and guest houses were affected adversely by the construction of
new units.
According to an investigation of building permits, the last six years
has seen the construction of almost 600 new motel units in the Asheville
area. At the present time, the Orton Hotel on Patton Avenue is being
demolished. It is the announced intention of the owners to erect a 100
unit motel on this site. We do not believe that this site is either
large enough, or in the right place to assure success on todays' market,
but if it goes ahead, it will have some effect on existing units.
Because construction of new units was in clusters rather than spread
out evenly, both from geographical and time elements, we have been able,
by checking operating statements, to conclude that the increase of
tourist business over the last six years has been sufficient to absorb
at least 60 new units each year. Beyond this point the marginal operator
suffers. Actually, it is difficult to compute how many marginal rooms
have been removed from the market, but by checking demolitions and
owners, we have been able to determine that approximately 200 rooms have
been removed from the market in the last six years. This leaves a net
gain of 400 rooms or 66 per year. It was from this that we determined
the rate of absorption to be 60 units per year.
RATE OF OCCUPANCY
The total number of rooms used earlier is in reality, as far as
motels and guest houses are concerned, a seasonal figure. Naturally,
hotels, large motels and chain connected motels stay open all year.
However, with the fall of occupancy |
 |
| 37 |
[appendix page 9]
Location of Major
Motels
Asheville, North Carolina Area
TOTAL - 70 MOTELS CONTAINING 1900 ROOMS
8 HOTELS CONTAINING 1200 ROOMS |
 |
| 38 |
[appendix page 10] due to lack of tourists in the winter, many guest houses take down
their sign and many smaller and marginal motels hang up a closed sign.
Following are the average gross income figures for two types of good
average motels in size and operation. Motel A has some units with
kitchens for rental on a weekly, monthly or seasonal basis. Motel B is a
straight commercial motel. Neither has a restaurant, both have swimming
pools and recreational facilities. Other than the kitchen units which
rent for from $50 to $85 weekly, the rents are in the brackets quoted
previously:
|
Two Motels Average Gross Income
| Jan. |
Feb. |
Mar. |
Apr. |
May |
June |
| $1050 |
$1750 |
$2900 |
$3300 |
$3900 |
$5800 |
| |
|
|
|
|
|
| July |
Aug. |
Sept. |
Oct. |
Nov. |
Dec. |
| $8000 |
$8450 |
$5500 |
$4900 |
$2300 |
$1450 |
|
This income totals $49, 300 for the entire year, but more interesting
than the total, is the occupancy rate which was practically 100% in the
s |