A luxury apartment condo recently opened up along the Biltmore's waterfront  Within the first two months, 80% of the standard units in the first ten of the condo's twelve stories were sold  Nonetheless, only two of the eight penthouses, all of which are located in the top two stories of the building, have sold
In order to sell the remaining six penthouses, the corporation that owns the property, should drop the rate of the penthouses by 20%
Biltmore has recently suffered a recession and economists do not predict an imminent recovery.