Asheville Highway affordable apartments will reinvent dilapidated hotel property

KNOXVILLE, TN (November 2021) –Growing up, Carl Lansden often passed the Holiday Inn on Asheville Highway on the way to see his grandparents just a mile down the road. 

When family visited from out of town, they often stayed at the now dilapidated motel. It was always an opportunity for Lansden to swim in the motel's pool.

"I would come by here 2,000 times a year," the developer, known for restoring historic homes, told Knox News. 

After purchasing the property at 4625 Asheville Highway for $575,000 in 2017, Lansden has obtained the tax credits and fiscal support to fund its $20.2 million redevelopment. The motel property is located in Town Hall East, just northeast of Burlington. 

The motel will be demolished to make way for The Ammons at Asheville Highway, an 80-unit apartment complex. Dubbed "workforce housing," The Ammons will charge below-market rents. It's intended to provide an affordable living situation for working people.