The large mixed use Riverstone development located on a sprawling former lumber mill site at the corner of Northwest Blvd. and Seltice Way/ Ironwood Dr. continues to be a hot spot for new local development in Coeur d' Alene. Riverstone was funded in part by funds from Coeur d' Alene's Urban Renewal Agency,Lake City Development Corporation or as it's better known as LCDC. Riverstone officially opened a few years back but due to the economy much of the project stalled and sat empty. But things at Riverstone have clearly changed,perhaps a sign of a better local economic situation for 2013?
While many of the remaining condo units sold at a auction for significantly less then their original asking price, they are all sold out now. And the retail spaces are filling up fast,Developers hope to have all retail space in the lifestyle center,Village at Riverstone full by the summer of 2013. In fact some retailers have even left the Downtown core area for space in Riverstone. Daisy J's recently closed it's downtown store to move to Riverstone and Tiffany Blue added to it's Downtown store by opening a new second location at Riverstone.
It's safe to say business is booming for Riverstone,currently the development is home to 70 plus business that employ over 800.
But it's what is coming to Riverstone that is creating all the buzz around Coeur d' Alene. It was announced recently by LCDC that a new McDonalds Restaurant will open in the project,they don't mention the exact location but recent Riverstone Holdings newsletters have hinted at a new restaurant at the corner of Lakewood and Northwest Blvd. which is the main entrance the project.
Also on the near horizon is the opening of a new pizza place called Bullman's Wood Fired Pizza. Construction on the pizza shop is underway and will be located behind Grooveberries Frozen Yogurt (another newer business) on Old Mill Loop about half a block south of the Regal Cinemas. The newsletter also hints at potential new business tenants in between J. Miller Salon and the Solar Flair Tanning shop as well as a new restaurant on the pond by Riverstone Park.
The Riverstone West Family Apartments on John Loop in the western edge of the project have apparently also had much success lately as sources say another phase of apartments are to be built on the site that offers views of the Spokane River,something that is highly uncommon for a apartment complex. In the next phase or phases of apartment construction,150 more rental units are planned to be added. Currently 50 units are on site,most of which are income based.The Riverstone West Family Apartments we're previously featured in a post here on Inland Northwest Business Watch,read that post here-http://inlandbusiness.blogspot.com/2011/12/riverstone-west-family-apartments.html
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