Wednesday, January 18, 2017

Mixed use building purposed in CdA near Sherman Ave.

An exciting new five story building is about to become a reality in a somewhat distressed part of the City of Coeur d' Alene. The building will rise along Coeur d' Alene Lake Dr. just a couple of blocks south of Sherman adjacent to the O'Shay's Irish Pub.


The building will be modern with mostly apartments. All upper floors will be divided into rental residences , 30 apartments in all. The ground floor of the building will be commercial with 2500 square feet total of space, currently being marketed for lease geared towards coffee shops / quick service restaurants. The commercial space is divisible and a drive though and patio dining area is available. This space leases for $18.00 per square foot.

Details on the apartments, including their rental rates are not yet available. The location, while near some less then ideal properties is still great. The new building will have direct access onto the Centennial Trail and is only an couple of blocks from I-90 for commuters. It is also thought that this new development may spark other projects in the area with several other vacant parcels up for sale along the same roadway.

The project is being developed by local business person Ben Widmyer who is also acting as the leasing agent for the project. More information can be found on http://cbcsr.com or by contacting Mr. Widmyer directly at 208-292-3770 . If construction goes as planned groundbreaking will be in the next few months and a completion date of next Jan or before.

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