The former Macy’s building in downtown Spokane will have 114 apartment units by the end of the summer, according to Doug Yost, director of real estate investment for Centennial Properties.
The apartments will range from 750 to 1,600 square feet. Monthly rents have yet to be determined, but Yost estimated they would be from $1,100 to $2,800.
Four penthouses will take the building’s top floor, with the largest unit dominating the southwest corner, which features an angled window. The remaining seven floors of the building, now named The M, will have about 16 units per level.
The city of Spokane issued permits for residential units late last month, and Yost said the first units will be available to rent by May. The work to build the residential units is estimated to cost $1.25 million, according to permits.
Yost would not comment on the ground floor retail space, other than to say the space’s shell would be complete in mid-March. Permits issued by the city in November indicate a Nike Factory Store will be the building’s major tenant.
The renovation of the building, which was the Bon Marche before Macy’s, is being done by Centennial Properties, a subsidiary of Cowles Co., which publishes The Spokesman-Review.
Fort Grounds parcels being put up for bid
Ten parcels are going out for bid in the desirable and historic Fort Grounds neighborhood in Coeur d’Alene following the demolition of dilapidated houses on site.
The 1.4-mile strip of land on North Park Drive has been divided into 10 parcels that run along the newly created Memorial Park, which are now on sale through a sealed bid auction.
The redevelopment of the site has been done by ignite cda, the city’s urban renewal agency. The auction will follow the current construction of a downtown parking garage and the completion of the $9.7 million, 30,000-square-foot North Idaho Collaborative Education Facility, a joint venture between North Idaho College, Lewis-Clark State College and the University of Idaho.
More information on the auction can be found at ignitecda.org. Sealed bids are due by 3 p.m. Feb. 21.
Pediatric Eye Clinic plans $400,000 in remodeling
The Pediatric Eye Clinic near the Providence Sacred Heart Medical Center will see $400,000 in substantial remodeling, according to permits issued by the city.
The 4,700-square-foot building at 842. S. Cowley St. will undergo demolition to its interior doors and walls, and be redesigned and outfitted with new flooring, partitions, fixtures and lighting.
The work is being done by Bouten Construction. NAC Architecture did the design and Dumais Romans and NAC Engineering did the structural engineering.
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