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Wednesday, August 5, 2015

Huge mixed use building to rise on N. Hamilton

A few months back we reported on the pre-development conference for a new large new commercial / apartment building in the 1000 block of N. Hamilton. And, since then the developers planning has progressed and if what we hear is true, ground could be broken with the next couple of months.

As it turns out the building will be called The Matilda Building and it will offer apartments on the top three floors and commercial retail / restaurant space on the ground floor. The ground floor will have space for multiple businesses, the building owner has secured one tenant for 4,000 square feet of that space. However, they will not divulge the name of that business. Marketing and negations remain ongoing for the other storefronts.

The residential component will offer 57 apartments with 1,2 and 3 bedroom units with upscale amenities . And, despite the close proximity to Gonzaga, these apartments are not intended to be student housing. The apartments are geared towards " professionals, professors and possibly graduate students with two year commitments possibly with a family or willing to share a unit with other grad students. "

Those renting apartments at The Matilda Building will also be able to enjoy a roof top patio with elevator, restroom, kitchenette and BBQ.

The building, which will have an address of 1008 N. Hamilton will be completed during the Summer of 2016. The current schedule is for the commercial area to be complete in June 2016 and the apartments to be available in August 2016.

What else makes The Matilda Building exciting is that it's heating and cooling will be provided by geothermal sources with 64 ground wells and a back up gas fired boiler. This system is being provided by McKinstry and is similar to the one used for their own building, along the Spokane River, south of this project.

The building will also have some pedestrian friendly features with a sidewalk that will be set back against the building, about 25 +/- feet away from the street. Parking will be in single deck parking garage the will create 168 parking spaces. Those spaces will be along the eastern edge of the building putting in a less visible, and safer location away from Hamilton.

Keep an eye on Inland Northwest Business Watch for more as this big new construction project progresses.