February 12, 2012 in Business

Here’s the Dirt: Seniors project to break ground

 
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Seniors project to break ground

Spokane Housing Ventures plans to break ground this spring on 60 apartments as part of its Clare View Seniors project, at 3146 E. 44th Ave. on Spokane’s upper South Hill.

SHV is a nonprofit organization that helps build housing for limited-income families and seniors.

The five-acre site for the 60 units is directly east of the Shopko store at Regal and 44th. The estimated construction cost is $5.8 million.

SHV is working with Hayden-based Whitewater Creek as co-developers. The two partners also are working on a 120-apartment complex farther south near 55th and Palouse Highway.

The new project will have 10 one-bedroom units and 50 two-bedroom units in five separate buildings. The project also includes a community building and 90 parking spaces.

The first phase of the Clare View Seniors complex is the already-occupied 124-apartment Clare House, at 48th and Palouse.

Like those at Clare House, the new Clare View Seniors occupants must meet age and income requirements, limiting residents to those with at least 30 percent but no more than 60 percent of the median county income.

Leasing will start by the end of the year, said Helen Stevenson, SHV’s acquisitions and development manager.

Dollar Depot opens in Hillyard

Gary Halverson and his wife, Megan Chappell, have opened Hillyard Dollar Depot, at 3121 E. Francis Ave.

Halverson previously operated a lumber warehouse operation. This is the couple’s first retail business.

They’ve leased a building last used as a retail video rental store. The couple is leasing 3,000 square feet. The store will have about 5,000 items that sell for $1 or less, Halverson said.

Marshall Clark of Clark Pacific brokered the lease.

What’s new? Let us know. business@ spokesman.com


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