May 1, 2023

Hendersonville local introduces Downtown luxury condo living

Fairmont Heritage Place The Cedars, a luxury residential offering by Fairmont Hotels & Resorts, is set to debut in 2025 and has already attracted local buyers. The property is located in Hendersonville, North Carolina, and is a historic building that has been reimagined by the partnership between Fairmont, the Shipman family and Gregg Covin, a real estate developer. The property features studios, one-, two-, and three-bedroom apartments, and penthouses with prices ranging from $550,000 to $4 million. The project is set to launch in two towers, the Pisgah Tower, where over 85% of units have already been purchased, and the Dupont Tower, which will go on sale this summer.

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Fairmont Heritage Place The Cedars has a historic neoclassical revival-style architecture built in 1914 by Jeannie Bailey, who was the wife of railroad tycoon J.W. Bailey. In the late 1970s, the property changed hands and was acquired by Clifton Shipman, Amy Shipman's grandfather. Last summer, the Shipman family and Gregg Covin announced their partnership with Fairmont Hotels & Resorts to redevelop the property.

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The property is located on a 3.5-acre plot in the heart of downtown Hendersonville, surrounded by restaurants and with access to Fairmont's first-class amenities and services. Local buyers have been attracted to the development, with over 40 units purchased, representing about $35 million in sales. The buyers are mostly empty-nesters, looking for a maintenance-free lifestyle, with access to the amenities the property has to offer. The property has already attracted musicians, business owners, and celebrities.

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Amy Shipman, the head of sales for Fairmont Heritage Place The Cedars, is thrilled to see how many locals have taken an interest in the development. The project is especially close to her heart, as she graduated from Hendersonville High School a few blocks away, and counts herself among the lifelong Bearcats. She has sold eight units in one weekend alone and has already inked deals on 85% of the Pisgah Tower. Shipman is joined in the sales office by Mark Zilbert in sales and marketing and Elizabeth Wilson providing administration and sales support.

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Fairmont Heritage Place North Carolina – The Cedars, Hendersonville
Miami Developer Gregg Covin and Fairmont Hotels Unveil First Luxury Residences in North Carolina
Miami developer Gregg Covin selects A-list designer for luxury condo project
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Fairmont Heritage Place – The Cedars (“Residential Project”) is not owned, developed, or sold by Accor Hotels & Resorts (Maryland) LLC or its affiliates.  Cedars Lodge & Spa, L.L.C., a North Carolina limited liability company (“Licensee”), is independently owned and operated and is solely responsible for the ownership, development, and operation of the Residential Project. Licensee uses the Fairmont Brand and certain Fairmont trademarks pursuant to a limited, non-exclusive, non-transferable and non-sub licensable license from Accor Hotels & Resorts (Maryland) LLC.  Under certain circumstances, the license may be terminated or revoked according to its terms in which case neither the individual residential residences (“Residences”) nor any part of the Residential Project will be identified as a Fairmont branded project or have any rights to use the Fairmont trademarks. Accor Hotels & Resorts (Maryland) LLC does not make any representations or guarantees with respect to the Residences or the Residential Project and is not responsible for Licensee’s marketing practices including this website, advertising, and sales representations.

This is not intended to be an offer to sell, or solicitation to buy, condominium units to residents of any jurisdiction where prohibited by law, and your eligibility for purchase will depend upon your state of residency. This offering is made only by the Public Offering Statement for the condominium and no statement should be relied upon if not made in the Public Offering Statement required by the North Carolina Condominium Act. No real estate broker or salesperson is authorized to make any representations or other statements regarding this project, and no agreements with, deposits paid to or other arrangements made with any real estate broker are or shall be binding on the Developer. All improvements, designs and construction are subject to first obtaining the appropriate federal, state and local permits and approvals for same. These drawings and depictions are conceptual only and are for the convenience of reference and including artists renderings. The developer expressly reserves the right to make modifications, revisions, and changes it deems desirable in its sole and absolute discretion. The project graphics, renderings and text provided herein are copyrighted works owned by the developer. All rights reserved. Unauthorized reproduction, display or other dissemination of such materials is strictly prohibited and constitutes copyright infringement.