Friday, April 24, 2020

Large mixed used development in the works on Flora Rd in Spokane Valley

In the coming months watch for a large new development to come to an already growing section of Spokane Valley. The project is set to rise on an approximately 5.6 acre vacant lot at 1215 N. Flora Rd., in between I-90 and the Mission / Indiana round-a-bout.

Plans call for 2 five story apartment buildings to be built on the site, with construction to be done in two phases. Once the project is fully built out, the site will include about 290 apartments and a row of commercial space, about 9000 square feet in all, facing Flora Rd.


The commercial space is already being marketed for lease, we checked in on that portion and we're told they do have some prospective tenants they are working with there but nothing set just yet. The commercial spaces are demisable down to 2000 square feet and are open to retail, restaurant and a few other uses. For info on leasing contact Devin Mecham with NAI Black at 509-622-3546 or visit http://naiblack.com



The commercial side of the project will likely be completed first with estimated delivery being sometime in the Spring 2021. I'm told construction was to have actually started this month but due to the Stay at Home orders they have been somewhat delayed. The first phase of apartments will be done shortly after, the first phase will include 1 five story building with 141 market rate rental units. The second phase will be build direct behind the first building.

Fortune Design & Development, LLC is the company behind the project with design work being done by Fusion Architecture.