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The Cedars to become a Fairmont-branded luxury residence

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The Cedars, a historic hotel owned by the Shipman family since 1976 and located two blocks from Hendersonville’s main street, will become Fairmont Heritage Place – The Cedars, Hendersonville, a luxury residential development that is the first of its kind in Blue Ridge Mountain region of North Carolina.

In February 2021, the Hendersonville City Council approved the rezoning of the property to support the restoration of the historic building and the development of two new condominium buildings. After a year of negotiating with hotel chains and planning by owner Tom Shipman’s son-in-law and Miami real estate developer Gregg Covin, work on the site is now beginning.

The residences will debut in early 2025.

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“My family grew up in The Cedars and there is no better time to welcome the next generation to discover and feel at home in Hendersonville. Fairmont brings decades of experience in restoring historic properties to their former glory and will deliver the level of sophistication the market has been waiting for while complementing the region’s compelling culture,” Covin said in a press release. “Fairmont Heritage Place – The Cedars responds to the growing desire for second home ownership in Western North Carolina. Market studies show a supply of less than two months of available housing inventory, with demand exceeding supply.”

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