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lululemon athletica Coming to Historic Biltmore Village

ASHEVILLE NC – Local real estate investment firm, Biltmore Property Group (BPG), is pleased to announce the addition of lululemon athletica to Historic Biltmore Village.  The 2,700 square foot store will be located next to Jos. A. Bank Clothiers and White House/Black Market.  Renovations to the historic building on Kitchin Place are being done by local contractor,

Beverly-Grant, Inc. with a grand opening expected in November, 2012.

“We are proud to welcome lululemon athletica to Historic Biltmore Village. Lululemon athletica will be a great addition to the exceptional collection of both local and national retailers, restaurants and hotels that Historic Biltmore Village has to offer.”  said John W. Bell, CEO of Biltmore Property Group.

Alan McGuinn and Bryan Moffitt with ARCA Design are the architects of record. The original building was constructed in 1925 and housed Biltmore Drug Store, for over 45 years. In addition to the interior renovations that will be made to the building, there will be several restorations to the facade including window repair, a new roof, and restoration of the existing copper awning.  On the rear of the building a new elevator and stair tower will be added to the building to service 6,000 square feet of newly remodeled Class A office space on the 2nd floor.  For leasing information, contact Curtis Williams at (828) 450-4253 or [email protected]

About lululemon athletica inc.

lululemon athletica (NASDAQ:LULU; TSX:LLL) is a yoga-inspired athletic apparel company that creates components for people to live a long, healthy and fun life. By producing products that help keep people active and stress free, lululemon believes that the world will be a better place. Setting the bar in technical fabrics and functional designs, lululemon works with yogis and athletes in local communities for continuous research and product feedback. For more information, visit www.lululemon.com.

About Biltmore Property Group, LLC

Based in Asheville, NC, Biltmore Property Group is the management and development arm of Biltmore Property Group Real Estate Trust, a fully-integrated privately held company with offices in Asheville and New Orleans. It has more than 15 properties across several real estate platforms: retail, warehouse, office, mixed-use and multi-family. BPG is one of the most active developers in the Southeast and the largest real estate owner in Historic Biltmore Village (Asheville). Additional information can be found at www.biltmorepropertygroup.com.

About Beverly-Grant, Inc.

Beverly-Grant provides development and construction services in the Southeastern United States and is headquartered in Asheville, North Carolina. In business since 1955, Beverly-Grant is the largest general contractor based in Western North Carolina and specializes in medical, commercial, residential and industrial construction. More information at

http://www.beverly-grant.com.

About ARCA Design, PLLC

ARCA Design, PLLC seeks to partner with our clients to bring about innovative and inspired designs through an inclusive process.  ARCA Design is located in Asheville, NC and provides architectural services throughout the Southeast.  For more detail, please visit

www.arca-design.com.

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