The Cedars to become a Fairmont-branded luxury residence

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

In February of 2021, Hendersonville City Council approved the rezoning of the property to support the restoration of the historic building and the development of two new condo buildings. After a year of negotiation 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 are set to debut in early 2025.

“My family grew up at 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 restoring historic properties to their former grandeur and will deliver a level of sophistication the market has been waiting for while complementing the region’s inviting culture,” Covin said in a press release. “Fairmont Heritage Place – The Cedars responds to increasing desires for second-home ownership in Western North Carolina. Market studies show less than two months’ supply of available housing inventory, with demand outnumbering supply.”

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