From a Moog Music Press Release:
MOOG MUSIC ANNOUNCES DOWNTOWN ASHEVILLE HEADQUARTERS
Asheville, NC – Moog Music, in conjunction with the City of Asheville and the Economic Development Coalition for Asheville Buncombe County, is pleased to announce a $2.5 million investment in a new downtown Asheville company headquarters. On May 18, 2010, Moog Music finalized the purchase of the vacant 160-170 Broadway St., just north of the I-240 overpass.
The Broadway site was chosen by Moog Music for its close proximity to the downtown music venues and the river arts district. “This location is ideal for Moog and our employees; we will bring commerce, economic vitality and livability to this once neglected entrance to the city,” said Michael Adams, President of Moog Music. “Our plans include an extensive renovation of the structure that will transform the façade from an eyesore to a landmark that embodies Moog’s spirit of innovation, one that our company and our community can be proud of.” The location will house the company’s 35 employees engaged in worldwide sales and marketing, research and development, and manufacturing operations.
Moog Music designs, engineers, and manufacturers electronic musical instruments including the Minimoog Voyager, the Little Phatty Synth, and the recently introduced, patented, award winning Moog Guitar. Moog Music was founded in Trumansburg, NY in 1954 and was on the forefront of innovation of synthesized music. The company’s founder, Bob Moog, moved to the Asheville area in 1978. After some years consulting and teaching at UNC-Asheville, Dr. Moog began making electronic musical instruments in 1994. The first instruments were released under the name Big Briar and then, beginning in May of 2002, as Moog Music.
“This redevelopment by Moog brings the Broadway corridor one step closer to the vision long advocated by city and community planners,” said City of Asheville Mayor, Terry Bellamy. “The City is excited to welcome an employer like Moog whose international reputation for excellence, innovation and creativity will complement our vibrant downtown community.” Moog Music has been selected by the City to receive $50,000 in Community Development Block Grant funds in support of the project. As part of this expansion and expected company growth, Moog anticipates adding an additional 10 – 15 employees over the next three years.
“The County applauds Moog Music on this exciting expansion and its continued contributions to our economy and workforce. The move will not only strengthen our advanced manufacturing economy but enhance Asheville’s reputation as a premier music and arts destination,” said David Gantt, Chair of the Buncombe County Commission. Moog Music will begin renovations on the Broadway site in the coming weeks with the use of local architect, Keith Hargrove, and H&M Constructors. Work should be completed in late 2010.
The EDC for Asheville-Buncombe County is a public-private partnership committed to: creating and retaining high quality jobs, community leadership, and being a resource for better business decisions. The EDC accomplishes this mission through its four core services: business retention & expansion, small business & entrepreneurship, research, and marketing & recruitment. The EDC is funded by Buncombe County, the City of Asheville, the Asheville Area Chamber of Commerce and the Advantage Asheville Campaign.
The Asheville Area Chamber of Commerce is a 2,000+ member organization representing 86,000 employees. Chamber members collaborate with community organizations and coalitions to support the community and each other with the mission of increasing the region’s livability by advancing its economic vitality. The Asheville Chamber works diligently to ensure that Asheville continues to prosper while also protecting the natural beauty of the area. In 2006, the Chamber moved to a new location and is now home to the 4,000 square foot Visitor Center which welcomes 200,000 visitors per year.
Moog Music Building Artist Rendering:
http://www.ashevillechamber.org/economicdevelopment/documents/moog.pdf
Link to May 21 Xpress article breaking the news that Moog Music would soon announce its move to Asheville: http://www.mountainx.com/blogwire /2010/moog_music_to_announce_new_downtown_home_today Read the full article
MOOG MUSIC ANNOUNCES DOWNTOWN ASHEVILLE HEADQUARTERS
Asheville, NC – Moog Music, in conjunction with the City of Asheville and the Economic Development Coalition for Asheville Buncombe County, is pleased to announce a $2.5 million investment in a new downtown Asheville company headquarters. On May 18, 2010, Moog Music finalized the purchase of the vacant 160-170 Broadway St., just north of the I-240 overpass.
The Broadway site was chosen by Moog Music for its close proximity to the downtown music venues and the river arts district. “This location is ideal for Moog and our employees; we will bring commerce, economic vitality and livability to this once neglected entrance to the city,” said Michael Adams, President of Moog Music. “Our plans include an extensive renovation of the structure that will transform the façade from an eyesore to a landmark that embodies Moog’s spirit of innovation, one that our company and our community can be proud of.” The location will house the company’s 35 employees engaged in worldwide sales and marketing, research and development, and manufacturing operations.
Moog Music designs, engineers, and manufacturers electronic musical instruments including the Minimoog Voyager, the Little Phatty Synth, and the recently introduced, patented, award winning Moog Guitar. Moog Music was founded in Trumansburg, NY in 1954 and was on the forefront of innovation of synthesized music. The company’s founder, Bob Moog, moved to the Asheville area in 1978. After some years consulting and teaching at UNC-Asheville, Dr. Moog began making electronic musical instruments in 1994. The first instruments were released under the name Big Briar and then, beginning in May of 2002, as Moog Music.
“This redevelopment by Moog brings the Broadway corridor one step closer to the vision long advocated by city and community planners,” said City of Asheville Mayor, Terry Bellamy. “The City is excited to welcome an employer like Moog whose international reputation for excellence, innovation and creativity will complement our vibrant downtown community.” Moog Music has been selected by the City to receive $50,000 in Community Development Block Grant funds in support of the project. As part of this expansion and expected company growth, Moog anticipates adding an additional 10 – 15 employees over the next three years.
“The County applauds Moog Music on this exciting expansion and its continued contributions to our economy and workforce. The move will not only strengthen our advanced manufacturing economy but enhance Asheville’s reputation as a premier music and arts destination,” said David Gantt, Chair of the Buncombe County Commission. Moog Music will begin renovations on the Broadway site in the coming weeks with the use of local architect, Keith Hargrove, and H&M Constructors. Work should be completed in late 2010.
The EDC for Asheville-Buncombe County is a public-private partnership committed to: creating and retaining high quality jobs, community leadership, and being a resource for better business decisions. The EDC accomplishes this mission through its four core services: business retention & expansion, small business & entrepreneurship, research, and marketing & recruitment. The EDC is funded by Buncombe County, the City of Asheville, the Asheville Area Chamber of Commerce and the Advantage Asheville Campaign.
The Asheville Area Chamber of Commerce is a 2,000+ member organization representing 86,000 employees. Chamber members collaborate with community organizations and coalitions to support the community and each other with the mission of increasing the region’s livability by advancing its economic vitality. The Asheville Chamber works diligently to ensure that Asheville continues to prosper while also protecting the natural beauty of the area. In 2006, the Chamber moved to a new location and is now home to the 4,000 square foot Visitor Center which welcomes 200,000 visitors per year.
Moog Music Building Artist Rendering:
http://www.ashevillechamber.org/economicdevelopment/documents/moog.pdf
Link to May 21 Xpress article breaking the news that Moog Music would soon announce its move to Asheville: http://www.mountainx.com/blogwire /2010/moog_music_to_announce_new_downtown_home_today Read the full article
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Here's the link to Moog Music's announcement (pretty much similar text as above) on its own site, replete with architect's faux photo of the building fixed up and emblazoned with sign/logo!
http://www.moogmusic.com/news/?cat_id=245
By Jeff Fobes
05/21/2010
The property transfer listing below, published in today's Asheville Citizen-Times, seems to go with Moog Music's acquisition of the parcels on Broadway:
"• Lots 8-15 located at 160, 164 & 166 Broadway Ave., $700,000, Whiteside Fund LP to 160 Broadway Building LLC"
Late in 2009, Whiteside Fund LP acquired for $2,450,000, according to property transfer records (see Xpress story: http://www.mountainx.com/blogwire/2009/160-164_broadway_site_of_former_dinner_for_the_earth_sells
From other sources, it recently appeared that the property was purchased by Moog Music at a cost of $700,000, although transfer tax shows the transaction to be closer to $2.4 million.
By Jeff Fobes
05/30/2010