Wednesday, February 15, 2017

More multi-family projects coming to Downtown Spokane

With exciting entertainment , restaurants , shopping and several large employers Downtown Spokane is the place to be. And, with Millennials shying more and more away from home ownership it only makes cense that apartments would go fast in the city center. I'm told several centrally located apartment communities have wait lists and projects like the proposed re-build of the Ridpath Hotel have people looking for information even before the project is built out.

And, where there is demand, there is always developers and investors looking to build. That's the case in Downtown Spokane right now, the Chronicle Building is under construction to have 32 newly created apartments and Kendall Yards just across the river from Downtown is expanding it's apartment complex as well. But there are even more projects coming, including...

SoDo Commons

A recent article with the Journal of Business says Rencorp Realty,LLC has acquired the historic apartment building at 410 W. 3rd in hopes of renovating it into a new , more modern apartment complex with Micro apartment style living for those wanting to live Downtown but not able to obtain the high end residences.

32 apartments are to be included in the new SoDo Commons building and the apartments will have parking and access the new courtyard space that was put in as part of HDG Design Group's big project right next door at the corner of 3rd and Washington. There is more on that project elsewhere on this site, just use the search bar above ( on the desktop version ).

Apartments at SoDo Commons will likely be available to tenants this fall.

GVD planning apartments next door to the Montvale Hotel

Spokane based GVD Commercial Properties acquired the historic Montvale Hotel last year in addition to a couple of neighboring buildings. They have since invested in the Montvale to make it a more attractive boutique hotel and are working on converting much of the other spaces into an event center able to host multiple different types of events.

But, they are also planning on taking the upper floors of the former Music City Building at 1011 W. First Ave. and turning them into apartments. They plan on creating 14 apartments there, all of which will be " market rate " We don't have an opening date just yet for when tenants might be able to move in to these new apartments.

New loft style apartments above Fire Artisan Pizza / Nudo

The second floor of the building that houses Nudo and Fire Artisan Pizza ( 816 W. Sprague ) will be converted soon into modern looking loft style apartments. They will be available as market rate housing and will be completed sometime this Summer.

There will be 4 lofts in the space which will be designed by HDG who also designed Fire & Nudo.  

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