Catalyst Capital Partners Breaks Ground on Archer at RiverBlue in Asheville, NC

New 245-unit luxury multifamily community marks final phase of the RiverBlue master plan.

Published on Mar. 5, 2026

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Catalyst Capital Partners has officially commenced construction on Archer at RiverBlue, a 245-unit luxury garden-style multifamily community located in Asheville, North Carolina. Archer represents the third and final phase of the 55-acre RiverBlue master-planned residential development.

Why it matters

The RiverBlue master plan features 25 acres of preserved greenspace, direct frontage along Hominy Creek with kayak access, multiple dog parks, pickleball courts, hiking trails, and one mile of access to the greater Asheville greenway system. The community was designed to integrate walkability, outdoor recreation, and natural preservation within a cohesive residential environment.

The details

Archer at RiverBlue will consist of garden-style residential buildings designed to complement the surrounding landscape and pedestrian-friendly layout of the master plan. The development will offer modern residences with curated amenities aligned with the broader RiverBlue vision. Initial unit deliveries are anticipated in mid-2027. As part of the community experience, BuiltOn Hospitality will operate an integrated cafe and bodega within Archer at RiverBlue.

  • Catalyst Capital Partners has officially commenced construction on Archer at RiverBlue.
  • Initial unit deliveries at Archer at RiverBlue are anticipated in mid-2027.

The players

Catalyst Capital Partners

A commercial real estate development and investment firm focused on creating thoughtfully conceived, institutional-quality residential communities.

BuiltOn Hospitality

A company that will operate an integrated cafe and bodega within Archer at RiverBlue.

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What they’re saying

“The start of construction at Archer marks an important milestone for RiverBlue. This final phase brings the master-planned vision to completion and delivers high-quality housing in one of the Southeast's most dynamic markets.”

— A.J. Klenk, Managing Partner at Catalyst Capital Partners (delawarenewsreporter.com)

The takeaway

The Archer at RiverBlue development represents the final phase of the RiverBlue master-planned community, which has been designed to integrate walkability, outdoor recreation, and natural preservation within a cohesive residential environment in Asheville, North Carolina.