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Thursday, December 6, 2012

Hope for Post Falls Landing

Hope has been found after 10+ years of struggles and legal battles over a large Post Falls development that is known as Post Falls Landing. The Post Falls Landing Developer , Harry Green had once planned the development to be a large mixed used project on land directly next to Post Falls' small city center area. But the economy hit Green hard and today little is built at Post Falls Landing. At one time the project was marketed as including condo's ,a hotel ,numerous retail shops and even an amphitheater.

In November however hope finally came thru for Post Falls Landing with the successful purchase of the project back to the developer's lender, Liberty Bankers Life Insurance Co. of Texas. The company acquired the land for a little over 3 million via a county trustee's sale.

Liberty does not plan to develop the property but does however intend to market it,primarily to local developers who have the financial abilities to develop the land. The project is located on 33 acres of former mill land along Spokane St. just south of I-90 exit 5 in Post Falls. The new owners do indicate that they have had interest in that land but cannot say from whom.

The existing condo's that have already been built,along the Spokane River on the south end of the project site we're not included in the sale because many have been sold to private individuals.