Riverview Station, a landmark in Asheville's River Arts District (RAD), has been sold to GBX Group, a historic preservation firm based in Ohio. The acquisition aims to revitalize the area after damage from Hurricane Helene.
The sale of Riverview Station marks a turning point, offering renewed hope for the artist community. The acquisition by GBX Group is expected to facilitate a more comprehensive restoration of the building.
Details of the Acquisition
GBX Group acquired Riverview Station on February 23, 2026. The company specializes in acquiring, preserving, and operating historic properties. Riverview Station, which houses artist studios, sustained damage during Hurricane Helene. The acquisition is intended to restore and reactivate the building for artists and creative uses.
GBX Group has a portfolio of over 200 historic properties across 24 states. The company often partners with preservation groups. GBX Group's acquisition of Riverview Station aligns with its mission of preserving historic properties and supporting local communities.
Hurricane Helene caused significant damage to Riverview Station, impacting the artist community. GBX Group's investment is expected to infuse capital into the project, bringing the building back to life for artists. This aligns with GBX's 25-year mission of acquiring, preserving, and operating historic properties.
The specifics for Riverview Station emphasize an artist-focused revival. The company aims to preserve the building's role in the local creative ecosystem.
GBX Group has been expanding its investments. The company is open to additional opportunities that fit its preservation focus, according to a company spokesperson.
The acquisition of Riverview Station is expected to have a positive impact on the River Arts District. The restoration of the building will provide a space for artists and contribute to the revitalization of the area.