There’s a plan in the works to redevelop the current site of the old Beaucatcher Cinemas on Tunnel Road in East Asheville, according to a flyer distributed by Atlantic Retail Properties.

The flyer lists the site as a “high profile location” located at the corner of Tunnel Road and South Tunnel Road and right of Interstate 240. The description goes on to say the property is “Directly across from the Asheville Mall with proximity to Whole Foods, DSW, Ulta, Belk, Old Navy, TJ Maxx and Rooms To Go.”

There’s a population of more than 84,000 people within a 5-mile radius of the property, the description adds, noting that the average household income of residents is more than $40,000.

East Asheville has seen significant growth in recent years, though not the boom other areas have seen. For example, downtown is seeing a wave of new hotel construction, while south Asheville is seeing a wave of new apartment complex construction. West Asheville is seeing Haywood Road properties transition right and left into new retail, restaurant and bar uses. And the River Arts District is on the cusp of a road construction project that will transform the area, which has already seen significant change and the opening of New Belgium’s new East Coast brewery on Craven Street (right across from the RAD, but technically in West Asheville.)

Back in East Asheville, an old Kmart plaza was recently remade into a new shopping center anchored by Whole Foods. The shopping center is adjacent to the Beaucatcher Cinemas property.