Watch for new shopping options coming soon to North Spokane. California based Rich Development acquired the former Shopko store and adjoining land at 9520 N. Newport Hwy late last year with plans to recruit new tenants and renovate the 94,000 SF building into a new commercial development nicknamed the Esplanade at Northpoint.
After, several months of behind scenes work we have now learned the project is set to begin construction in October with new tenants to open sometime during the spring of 2023. About 2/3 of the building already has committed tenants and the project developer confirmed those to be a new Home Goods and a new Ross store.
This will be the second Ross in the North Spokane market as another is located in the Franklin Park development in the 5500 blk of N. Division. The closest Home Goods is the location on Indiana Ave., nearby Spokane Valley Mall. The Esplanade project also still has room for one more major tenant, but negations are ongoing for that section of the building.
Additionally, the plans call for an addition on the south side of the structure that will house two 5000 +/- SF tenant spaces, and those are currently being marketed as for lease from local brokage NAI Black. The project itself is also surrounded by shops, restaurants and other commercial uses as the development site is directly south of the large North Point shopping center, which is known for having several well-known anchors and tenants.
Building owner and project developer Rich Development Company might also sound familiar to those who follow construction projects in the Spokane area, as this is the same company that renovated the former Costco building on Division in 2019. That building is now home to an At Home retail store, although Rich is no longer the owner of that building.
Stay tuned as we will keep an eye on the Esplanade at North Point and all the other construction around the Spokane and Coeur d' Alene area.
