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Ownership of Cliffs at High Carolina Changes Again

by FANS Admin
March 2nd, 2014

Cliffs at High Carolina

The Asheville Citizen-Times reported in January that a Florida-based investment firm is now the sole owner of The Cliffs communities, including the 3,000-acre Cliffs at High Carolina development in Swannanoa. The new owner, Arendale Holdings, purchased the shareholder interests of SunTx Urbana and The Carlile Group. All three groups were part of a partnership that brought the Cliffs out of Chapter 11 bankruptcy in 2012.

The AC-T article gave no clues as to what might become of The Cliffs at High Carolina, saying only that “development has been frozen.” High Carolina was once slated to be the site of the first Tiger Woods-designed golf course. Original plans for the development called for over 1,000 homes straddling the mountains between Swannanoa and Fairview, but only a few were ever built.

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MENU
  • Home
  • About FANS
    • Our Mission
    • History of Our Organization
    • Our Board
    • Get Involved
  • About Swannanoa
    • Facts & Figures
    • Our Community
    • Our Rich Heritage
      • A Brief History
      • Beacon Blankets
  • Our Projects
    • Swannanoa Winterfest
    • Welcome Sign
    • Swannanoa Community Garden
    • Clean-Ups
    • Swannanoa Community Newsletter
    • Community Yard Sale
    • Bus Shelter
    • Greenways
    • Other Projects
  • Photo Galleries
    • Thumbnail Directory
    • Swannanoa Community Garden
    • Swannanoa Yard Sales =>
      • Yard Sale Fall 2014
      • Yard Sale Spring 2014
      • Yard Sale Fall 2013
    • Swannanoa Sweep =>
      • In 2013
      • In 2012
    • Other Events
      • Groovin’ On Grovement
      • River Cleanup
      • Mill Around the Village 2011
      • Mill Around the Village 2012
      • Holiday Party and Benefit 2012
      • Dave’s House Wall Raising in Beacon Village
  • Helpful Resources
    • Swannanoa Organizations
    • Other Information
  • Contact
  • FaceBook