News

What's going up at Haywood Road/Asheville Highway?

By Lightning Reports, Published: July 25, 2019

Work is finally under way on the new State Employees Credit Union building two years after SECU bought the land.

Contractor W.C. Construction Co. of Winston-Salem began clearing and leveling the site in recent weeks for an 8,400-square-foot building with an estimated construction cost of $2.9 million.

The pie-shaped parcel had been the home of the Mountain Aire vacation cottages operated by a former Hendersonville mayor, the late Fred Niehoff, and later SunTrust Bank. Commercial real estate broker Jeff Justus bought the property from Caroline Niehoff for $300,000 in 2015, tax records show, and sold it to SECU in June 2017 for $1.8 million. The 1-acre lot is currently valued on the tax rolls at $646,400.