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Wednesday, November 6, 2013

Stone Horse at Wandermere , a new large rental community coming to North Spokane

Filling the growing need for apartments and rental housing in North Spokane's Wandermere area will be a new , quite large , complex to be called Stone Horse at Wandermere. The new development is a project of Harlan Douglass Inc. and will be operated Douglass Properties , an affiliated locally based company with an already extensive portfolio of rental properties all over Spokane.

The project will actually be built out in phases but the main plan for the entire project calls for a total of 417 apartment units at the site. The 1st phase is expected to open to the public sometime in the spring and will consist of 35 duplex style apartment buildings for a total of 70 new apartments.

The second phase is expected to start not long after the 1st opens with construction of phase 2 planned for the Summer of 2014. That portion of the project will open up an additional 156 apartments.

Stone Horse at Wandermere will be located at 12702 N. Palomino Lane in Spokane. Rents , according to Douglass Properties' web site , are tentatively set at 1,200 a month and the space in these duplex style apartment homes is generous , with 2 - 4 bed , 2- 3 bath units that fill 1,500 to 3,000 square feet of space.

Features of the new Stone Horse at Wandermere will include- On site clubhouse, on site management , residents lounge , fitness center, attached garage's , pool , high speed Internet service, washer and dryer and the units also boast wheelchair accessibility.

Stone Horse at Wandermere is one of a few recent new apartment complex openings in the Spokane and Coeur d' Alene area in the last couple of years and among the largest planned. Apartments in the local market have been seeing very low vacancy rates ( I've heard of as low as 3% vacant locally ) lately . So, it safe to say we can see many more new construction projects coming in this field soon, so stay tuned to this site!

For more info on Stone Horse at Wandermere and other apartments in the Douglass Properties system visit their web site at-

Note: Visit the above link for a rendering of one the duplexes under construction at the site. More photos should also be coming.