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Friday, September 14, 2012

A new re-development plan for the Ridpath Hotel

The Ridpath Hotel has sat completely vacant in the 500 block of E. Sprague in Downtown Spokane for a few years now,much of the reasoning for that stems from a network of several individual owners who have just been able to keep the high rise hotel and surrounding complex above the Fire Department's rules and regulations much less revive and re-open it.

But a well known local developer has now come forward with a new re-development plan that he hopes to bring before the city very soon. Spokane based developer Ron Wells who has successful renovated several historic buildings around the area say he plans to take on The Ridpath as his next venture.

Mr. Wells plans to work with 2 other partners to re-develop the site into small apartments that would be geared towards a younger crowd. The plan calls for 200+ apartments to be built on the first 10 stories of the 13 story building. Also planned are some retail and restaurant spaces along with newly redone underground parking.

The project would not only include the main Ridpath Hotel tower but also the adjoining and also vacant Y Building. The new apartment building would be called The Ridpath Club and those involved with the project hope to begin work in the next couple of months.