City of Asheville Announces Sale of Ramada to Shangri-La Industries, Inc.

The goal of creating a new permanent housing site in Asheville is one step closer to completion.

On Friday, the City of Asheville announced that Shangri-La Industries, Inc.’s purchase of the Ramada closed on Thursday, September 15. The property at 148 River Ford Parkway will create approximately 100 units to help people emerge from homelessness in Ashville. Shangri-La has partnered with non-profit company Step Up on Second Street, Inc manage the assets and Providing onsite support services to new residents once renovations are complete.

“Housing ends homelessness, and ending homelessness is our number one goal,” said Emily Ball, Asheville’s Department of Homelessness Strategy. “We are excited to welcome an experienced partner to our community’s homeless service system and are grateful to have this new solution available soon.”

Next Steps

Final design work is currently underway to convert the hotel rooms into studio apartments. Renovation work will begin in the next few months and a temporary security fence will be installed during construction. Once construction is complete, Step Up will staff the site with a minimum of 6 clerks and two property managers to provide full service to tenants.

“We are thrilled to be working with the city to provide much-needed permanent supportive housing for the most vulnerable population,” said Andy Meyers, CEO of Shangri-La Industries. “This project provides a safe home for the homeless in Asheville.”

A commitment to reducing homelessness

This project supports the city’s priority to reduce the number of people affected by homelessness in Asheville. Permanent Supportive Housing is an approach that provides housing for uninhabited individuals as well as on-site service support to ensure success.

On December 14, 2021, the City Council approved $1.5 million to fund the first three years of supportive services to make this project possible.

“Our team is committed to working with partners and the community to provide evidence-based interventions for people affected by homelessness in Asheville,” said Nikki Reid, director of community and economic development for the City of Asheville. “We are expanding our staff and are now hiring three additional positions to meet this critical need.”

This project, along with Homeward Bound’s Tunnel Road project, means that about 185 For people currently affected by homelessness, new units of permanent assisted living will be available in the coming months.

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