Tuesday, January 18, 2022

New buildings in Kendall Yards near completion

 One of the larger construction sites in the City of Spokane over the last few months has been a new addition to Kendall Yards. Two buildings have been being built, led by general contractor Baker Construction & Development, near the entry to Kendall Yards. The site falls in-between the My Fresh Basket grocery store and the existing Kendall Yards Business District. And, while crews will likely still be there for a time, we're beginning to see people and business moving in now, meaning completion is imminent.

The upper floors of both buildings are made of apartments, which are considered a new apartment complex called Jefferson Alley and managed by Rockwood Property Management. The larger " West of Jefferson " building contains 41 apartments and the Flatiron Building houses 8 more unique apartments. We checked and the apartments in the larger building we're to come available for leases starting on Jan. 14th, with the Flatiron Building apartments coming soon. Studio, one- and two-bedroom floor plans will be available at Jefferson Alley, with rent ranging from $1235 to around $3100 a month. 

For more info on Jefferson Alley Apartments, visit http://jeffersonalley.net

The ground floor of both new buildings will be commercial space. There are no leases signed just yet on the Flatiron Building, although something is surely coming soon there. The larger "West of Jefferson" building presently has two businesses for sure coming soon to its commercial space.

One such business is Prairie Dog Pet Mercantile, who is relocating to the new storefront from just down the street on W. Summit Pkwy. I'm told after they move, Spark, a non-profit who also has space already in Kendall Yards will expand into their former pet store space.  This will be a big move for Prairie Dog Pet Mercantile going from just 700 SF to 2500 SF.

For more info on Prairie Dog Pet Mercantile, visit http://pdogpet.com 

Additionally, a new restaurant is also coming to this area of Kendall Yards as well. However, we reached out to the leaseholder for more info and we're a bit too early, as they are still working on their plans and don't want to share their info for a few weeks. We plan to check back in the future and report on this as soon as we respectfully are able.

Elsewhere, in Kendall Yards we continue to occasionally check in on the construction at Uprise Brewing. While technically, the project is not physically in Kendall Yards (it's across the street) the project is coming together to open a new brewery at 617 N. Ash. An actual building is now on the site, and we understand the new brewery is to open for business this Summer.

Monday, January 17, 2022

Recent local real estate transactions

  Here is an update of local real estate transactions as they we're reported to us. This is far from a complete list and is only what was sent to us and is current. 

We always welcome more brokerages to send us transactions, press releases, etc. Please send them directly to us at matt.behringer@inlandnwbusiness.com

North Pines Chiropractic has leased 2396 SF at 8817 E. Mission Suite 204 in Spokane Valley. Tim Kestell, Dina Cole and Richard Fox of Kimele Hagood handled the transaction.

Insandu,LLC leased 1551 SF of office space at 601 W. Main Suite 808 in Downtown Spokane. Jason Jackson with Kimele Hagood represented the landlord, STG Main, LLC. 

Buildright Homes,LLC purchased +/- 2.21 acres of land at 205 N. Creative Way in Post Falls. Pat Eberlin of Kimele Hagood represented the seller, Pleasant View Investments, LLC.

Bumblebee 23,LLC has purchased the 30,898 SF office building at 1520 W. 3rd Ave in Downtown Spokane. Erik Nelson and Mike Livingston of Kimele Hagood represented the seller Dark Capital Properties,LLC.

Seaview Global has purchased 7500 SF of industrial space at 2617 N. Pioneer Ln in Spokane Valley. Chad Burd, SIOR of Kimele Hagood represented the buyer in the transaction.

Stephen Barbieri of Goodale & Barbieri handled the lease of 18222 E. Euclid Ave. in Spokane Valley. The space is 2000 SF and was leased to Boots Trucking Corporation.

Stephen Barbieri of Goodale & Barbieri handled the lease of 1949 SF at 13817 E. Sprague Ave. Suite 4 to a new dance academy, Studio Three.

Cory Barbieri of Goodale & Barbieri handled the long-term lease of 11,800 SF at 505 E. 3rd to Goodwill Industries of the Inland Northwest.

ETG Fire, Inc. has acquired 2112 SF of space at 12018 E. 1st Ave. Rob Kannapien of Coldwell Banker Schneidmiller handled both sides of the transaction.

Nate Grant and Matthew Byrd of SVN Cornerstone represented both the buyer and seller in the recent sale of The Breslin Apartments at 729 S. Bernard. Per the release the buyer, who is not mentioned, intends to renovate the 46 unit 50,520 SF apartment building. 

SVN Cornerstone broker Guy Byrd represented the sellers in the recently announced sale of 1401 N. Monroe St. and 1014 W. Sinto in Spokane. Shannon Tenney and Justin Folkins of Rencorp Realty represented the buyers. Per the release long term tenant Empire Office Furniture closed with the owner's decision to retire at the end of 2021. Another tenant, Kelly Imaging recently moved their operations to Post Falls. The buyer of both properties, Scanned Media,LLC plans to occupy part of the Monroe St. property for their own business, then lease the remaining space out. The property on Sinto will continue to operate as a vacation rental.

Thursday, January 13, 2022

Boiada Brazilian Grill coming soon to Downtown Spokane

 A new Brazilian restaurant is on its way to Downtown Spokane. Boiada Brazilian Grill will take over the former Maracas Mexican Restaurant building at 245 W. Spokane Falls Blvd, nearby the Spokane Convention Center. Jesse Fox,MBA of SVN Cornerstone represented Boiada in the transaction. Maracas plans to leave Downtown but will keep their South Hill location open at 2910 E. 57th Suite #4. 

This will be the second location for Boiada Brazilian Grill, occupying the entire 7,000 SF building which they intend to do a full remodel on. Currently Boiada Brazilian Grill operates in Kennewick and from what we understand the new Spokane location will be the same as their existing location.

Boiada Brazilian Grill offers an all you can eat menu using the churrascaria style of cooking. A full bar and salad bar are also planned. No opening date has been announced but will likely be around this Summer as building permits to demo certain parts of the interior have already been filed for with the City of Spokane.

For more info on Boiada Brazilian Grill, visit their website at- http://boiadabraziliangrill.com

Tuesday, January 4, 2022

Large RV Park coming near Cabela's in Post Falls

This snow filled parcel in Post Falls doesn't exactly inspire warm summer nights in the RV, splashing around in the on-site pool, bonfires, etc.  But it will soon enough as construction crews already made some progress in the last half of 2021 for what will one day soon open as the Post Falls RV Campground. 

The RV Campground will be located at 70 W. Cabelas Way, in-between Cabela's and the State Line Wal-Mart store in the Pointe at Post Falls development area. The park will actually be locally owned and will be operated as a sister park to North Spokane RV Campground and the Liberty Lake RV Campground that actually just opened for business last year in Liberty Lake.

Plans call for 129 RV sites on 13 acres with 70 pass thru sites and 61 back in sites. The RV Campground will have modern conveniences and will additionally feature a clubhouse, swimming pool, recreation areas, dog park and an on-site office.

The opening date has been announced just yet. However, we plan to keep an eye on the site's progress which will likely pick up as we reach the warmer months.

Thursday, December 30, 2021

Capriotti's Sandwich Shop coming to Coeur d' Alene

 Caprotti's Sandwich Shop is a Las Vegas based sandwich shop chain that has enjoyed a lot of growth recently. They also do have a following, in fact we've even had a few emails asking us when Caprotti's is coming to the Spokane / Coeur d' Alene area

Well, the answer to when they are coming to our area is ... very soon actually. An alert reader was quick to point out that a Post Falls based franchise owner had filed building permits to remodel and open a new Caprotti's restaurant location in Coeur d' Alene.

According to permits the new Coeur d' Alene Caprotti's will be at 305 W. Appleway, just east of US 95. The building was built new just a few years ago for a relatively short-lived Chipotle Mexican Grill location. It has sat vacant ever since Chipotle left in late 2018.

The new Coeur d' Alene franchise of Caprotti's Sandwich Shop is part of their recent expansion plans. The Coeur d' Alene location is listed as a new franchise is recent company press release noting they have secured 60 new locations during the first quarter of 2021, 30 under the more established Caprotti's name and another 30 under Wing Zone, which is a brand wing and burger restaurants that the company just recently acquired. The Coeur d' Alene store is listed joining Caprotti's and not Wing Zone.

Currently the Coeur d' Alene location appears to be the only location planned in the Spokane / Coeur d' Alene area, with others listed dotting the map from Suffolk County, NY to Tulsa to Santa Monica. Currently the company reports over 100 locations but aims for 500 by 2025 and was even ranked #17 of Fast Casual Magazine's Movers & Shakers list of 2020. So, perhaps more stores will be coming? we'll be watching, and in the meantime check out their restaurant's at- http://capriottis.com

Tuesday, December 14, 2021

Betty Jean's BBQ planning a new restaurant in the Lincoln Heights neighborhood

 Many foodies in the Inland Northwest go about their day, not knowing there is a small but mighty Authentic Carolina BBQ restaurant going strong on the West Plains. The reason being that restaurant, Betty Jean's BBQ, has been serving from a small food court type space in the Main Exchange at Fairchild AFB. Meaning you would need access to the Base to try Betty Jean's menu.

But that's about to change as Betty Jean's is making plans to come into Spokane, with a new restaurant coming soon to the South Hill's Lincoln Heights neighborhood. Betty Jean's BBQ is planning to open in the building at 2926 E. 29th, and they hope to open sometime before Spring with the owners working diligently to see the new location come to fruition.

The new South Hill Betty Jean's BBQ will more of a sit-down style establishment in a building that was last used as Thai Bamboo restaurant. Plans call for an expanded menu, online ordering, alcohol and even expanded hours. Just like the present, Betty Jean's also provides catering services for large and small events, contact them directly for rates and info.

For more on Betty Jean's BBQ, including a look at their current menu, visit their website at http://www.bettyjeansbbq.com or follow them on Instagram @ http://www.instagram.com/betty_jeans_bbq

16 Cents, 3 shoes & 5 Socks planning new location in Spokane Valley

 16 Cents, 3 Shoes & 5 Socks is one of the most impressive business sucess story's you'll likely ever hear. Owner Jason McSteen walked into Union Gospel Mission on Dec. 1st, 2012 with only 16 cents, 3 shoes and 5 socks in his possession.  From there he found a new lease on life starting the furniture business that boasts an unusual but inspiring name, out of a local garage.

And, today I get the report of the business's newest location, the business's fifth store overall. Located at 15303 E. Sprague, Suite B, in Spokane Valley, the new store is only a bit west of the Sprague and Sullivan intersection, adjacent to the Paul Mitchell School. This store will be the largest location for 16 Cents at approximately 20,000 SF. It's also their first store in Spokane Valley as they also have 3 existing locations in Spokane and 1 in Airway Heights.

16 Cents is a furniture and mattress store with a full line of furniture and mattresses. Easy financing programs and delivery are offered to customers at all locations. For more information on what they carry, visit their website at- http://16cents3shoes5socks.com

Friday, December 10, 2021

Progress watch- 206 Riverside

 The Progress Watch post feature of this website is intended to check up on an exciting construction project around the Spokane / Coeur d' Alene area to see its progress as not everyone drives past random construction sites as much as I do. But this project likely has been noticed by most anyone who has been to Downtown Spokane recently, given its prime location and size.

But I couldn't pass up "borrowing" this cool photo the developer recently posted to their own social media (used with permission of course).

Photo courtesy of Dechase Miksis, I believe they are already up one more floor since this photo was taken.

Located at the corner of Riverside and Browne, near the Convention Center and the University District sits a new development presently called 206 Riverside. The project is being constructed with Bouten Construction as the general contractor, architectural design by GGLO Design and is the first project in Spokane for developer Dechase Miksis, who has offices in Eugene, Bend and Boise.

The project is estimated to be completed in the Summer of 2022 and will be a six-story structure with 137 apartments that will include a mixture of studios, one- and two-bedroom units. Neighborhood retail will also be utilized on the ground floor of the project and might include a coffee shop, market or restaurant opening up into an on-site plaza.

Rendering used courtesy of Dechase Miksis, a nighttime view of the completed project.

Stay tuned as we plan to keep an eye on this and all the other construction projects in the Inland Northwest. 

Always feel free to reach out with questions and tips to matt.behringer@inlandnwbusiness.com

Thursday, December 9, 2021

Construction starts for Post Falls Pavillion, a new food truck court coming to Post Falls

 The owners of The Prairie Pavilion food truck court at the corner of Prairie Ave and Heartland in Coeur d' Alene recently broke ground on a new second location of sorts. Site work has commenced for the new Post Falls Pavillion, on Horsehaven Rd., a short bit to the west of Highway 41, in a growing area of Post Falls.

The Post Falls Pavilion is currently set to open in the Spring of 2022. Similar to its Coeur d Alene counterpart, the development will include a fixed location of the Jitterz Espresso chain. They indicate that it's too early to release the names of the actual food trucks that will lease space there. However, the site will have room for 15 food trucks outside and an additional 4 trucks in an indoor area.

Follow them on social media for updates as the construction at the site progresses. We'll also likely have more on the project in the future with new food truck openings, etc... 

Facebook- https://www.facebook.com/Post-Falls-Pavilion-106213277903460

Instagram- https://www.instagram.com/postfallspavilion/

Thursday, December 2, 2021

Wake Up Call Coffee opens new cafe / HQ in the Sprague Union District

 Less than a month ago Wake Up Call Coffee opened their 11th location on N. Pines in Spokane Valley. And now they have opened a new location, this time a full cafe in the up-and-coming Sprague Union District.

Located at 1722 E. Sprague, the new Wake Up Call will feature indoor bar and table seating, a trendy merchandise display and a live roaster. Guests will be able to watch Dillanos Roasters - the official Wake Up Call roaster - in action, live on site!

The cafe is the brand's twelfth location and is connected to their new corporate headquarters. The new cafe will also undoubtedly aid in the recent revitalization of the area now known as the Sprague Union District. Popular neighboring businesses include Tin Roof Furniture, Benedito's Pizza and Bide & Burgeon Furniture to name just a few.

" The new cafe will hopefully bring great opportunity to the Downtown area, helping neighboring businesses and serving an area of local customers that we haven't yet reached. We're especially excited to bring our roaster on site and offer the highest quality coffee fresh to our customers " Said Christopher Arkoosh, President & CEO, Wake Up Call Coffee.

The new cafe will be open for business starting December 1st, but a special grand opening event will take place on December 17th, 2021 from 10am to 2pm. Customers will enjoy live music, snacks, and visit from Santa Claus! Favorite local vendors including Hello Sugar, Sweetwater Bakery and Dillanos Coffee Roasters will be in attendance. The Grand Opening Celebration will also include $3 drinks and a special giveaway of a year's worth of free coffee.

Wednesday, December 1, 2021

Centennial Properties announces plans for new Downtown Apartments on Chancery Building site

 Centennial Real Estate Investments, which is the real estate division of the Cowles Corp., has announced another part of their redevelopment of the former Spokesman Review Production Facility Block in Downtown Spokane.

The production facility was emptied in 2020 when Cowles relocated their newspaper production operations to a new facility in Spokane Valley. Dry Fly Distilling has since taken over 32,000 SF of that building for their own production and tasting room. While plans for the former Spokesman-Review production facility we're coming into focus Centennial says in a recent release that they took the time to evaluate options for its adjacent site at 1023 W. Riverside (The Chancery Building). 

That building was vacated in 2019 due to safety and operational concerns. 

"We agree with our partners and community leaders that housing must be a priority at this time, given Spokane's unprecedented growth and limited rental market. We see a need for housing that accessible to our working professionals and others who work in Downtown Spokane. Stable housing is essential for healthy communities"  says Doug Yost, VP of Centenial Real Estate Investments.

The proposed plans include a new 40-50 unit, 2-bedroom and 1-bedroom apartment complex with modern amenities and community courtyard and nods to the architectural details currently found with the previous building.

The new building would join The M and The Chronicle Building apartments in Centennial's already operating Downtown apartment portfolio. " We have waiting lists on both properties, and I can't remember the last time we had a vacancy at the Chronicle Apartments for more than a week " said Byrn West, VP of the company's property management division.

Stay tuned to this site for more as this project progresses.

Tuesday, November 30, 2021

Large Builders Supply & Home Center store planned on Kalispel Tribal land in Airway Heights

 The Kalispel Tribe of Indians has partnered with Builders Supply & Home Center to bring a comprehensive new hardware, construction supply, and farm & ranch retail store to Airway Heights. Construction on the new 70,000 SF store is expected to begin soon with the new store open for business before the end of 2022.

The new Builders Supply store will be located just north of the existing Kalispel Market & Chevron gas station on Hwy 2. The store will act as a cornerstone for the Tribe's envisioned retail shopping area, which consists of 40 acres, approximately half a mile south of the Northern Quest Resort & Casino. "We envision more then 200,000 SF of of retail development in that area in coming years" said Brandon Haugan executive director of real estate for Kalispel Development.

The 8.5 acre site the new store will sit on has been leased to Aman Sood, who will build and operate the new Builders Supply & Home Center. Plans for the new store include a convenient drive thru lumber yard. And, a wide selection of products in several core categories including hardware, paint, electrical, plumbing, cleaning, lawn and garden and pet supplies. Additionally, the store will include professional construction supplies, kitchen cabinets, insulation, doors and windows, outdoor power equipment and home packages. 

In addition to partnering with K-Dev. and the Kalispel Tribe, Builders Supply & Home Center has also worked locally with real estate broker Shaun Meads of Anzac Properties, Russ Wolfe of Wolfe Architectural Group for the design and Parametrix for the civil design work. This will be the third store for Builders Supply & Home Center as the Airway Heights store will join already established stores in Colville and Kettle Falls,WA.