(Asheville Citizen-Times) The former site of a Swannanoa blanket manufacturer which at its peak employed thousands of area residents has been sold in a plan clearing the way for development intended to spur community growth.
Symmetry Financial Group, an insurance marketing company, acquired this week a 42-acre property on Whitsun Avenue, formerly the home of the Beacon Manufacturing Co. plant. Company leaders say they plan to build a new office space for Symmetry and its corporate staff, on which they hope to break ground next year.
The acquisition also clears the way for a proposed $26 million indoor sports complex — a plan targeting about 15 acres of the property — as well as future retail, commercial and recreational uses, Symmetry co-owners Brandon Ellison and Casey Watkins said.
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