I'm always watching for new businesses and upcoming construction projects for news story ideas on this site. And it's a sure bet that in the coming months and years a lot of those ideas will be coming from the Mead area with several urban development projects currently already in the pipeline and some prime commercial real estate now on the market. Likely due in part to the upcoming completion of the US 395 / North Spokane Corridor freeway which already traverses the area but will connect all the way south to I-90 by 2030.
Let's take a look at some of what's coming-
Mead Works- a Greenstone led development directly behind the new North Spokane Costco store and on 300+ acres of land that was once part of Kaiser's large Mead facilities (hence the development's name). Some early work has already been started and once fully built out the project will have 1400 living units including single family, multifamily and 55+ housing. Like some of the other Greenstone developed projects, this is planned to an urban mixed-use neighborhood with commercial space also included for new stores, restaurants, etc... Much of the primary construction at Mead Works is planned to occur starting next spring.
Multicare- Just north of the North Spokane Costco at 12115 N Mellon Pkwy is a 30 acre parcel that was purchased earlier this year by Multicare Health System. No official word has been given about what the Multicare's plans are there, but we reached out some time ago and we're told the land will be used for future health care development. And, that this project will support Multicare's work to provide greater access to care in the Spokane community. Many are speculating that this land will one day be home to a new hospital.
Planned development at Newport Hwy & Costco access road- Immediately to the south of the Costco store across the access road (labeled as Renshaw Dr on Spokane County government sites) is a planned new commercial development that is currently being marketed by NAI Black. The 14.7 acre site is planned to be a commerical development with some in-line retail space, smaller strip malls and at least two pad sites which are already shown as pending on the marketing materials. It's not known just yet what will open here but we expect to hear more about this in the coming months.
Prime Northgate Land for sale- Goodale & Barbieri is also marketing over 50 acres of prime land along N. Newport Hwy in the same growing area as the projects shown above. These properties (outlined in red on the map above) surely will be appealing to investors, developers and businesses given the location. We also expect to hear more on land sales, new developments coming to this area as well in the coming months. For more information on these parcels contact Ryan Oberg at 509-990-8423 ryan.oberg@g-b.com or Cory Barbieri 509-344-4901 cory.barbieri@g-b.com
North 40 Center- a bit north of the Costco store area at the northwest side of the intersection of N. Newport Hwy & Highland Rd. is a planned new shopping center nicknamed the North 40 Center as it will be anchored by a new North 40 Outfitters store. Construction is estimated to start in 2024 with a new 109,600 SF North 40 store planned that will replace a smaller existing Mead North 40 store. In addition to the North 40 store, a 29,000 SF commercial building with no tenant(s) listed as of yet and three pad sites along Newport Hwy which are shown on the site plan as being marketed for a bank, fast food restaurant and a convenience store. Exact details are still in the works so expect to see more on this project as well in the coming months.
And, don't forget we always welcome tips on new businesses and construction in this and all of Spokane and Kootenai County. Reach out anytime to matt.behringer@inlandnwbusiness.com
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