Hagadone Hospitality is ready to build the first luxury condos on the Coeur d’Alene Resort Golf Course.
The Coeur d’Alene Planning Commission will have a public hearing June 14 on the company’s proposal to construct a seven-story, 31-unit luxury condo building into the side of Potlatch Hill, just above the 13th tee.
The Terraces is the first of a five-phase plan to put condos, apartments and townhouses along Lake Coeur d’Alene, in addition to a new hotel on the golf course.
The Coeur d’Alene City Council voted in March 2004 to annex 273 acres of Hagadone’s property – including the golf course and Silver Beach Marina – into the city limits so the waterfront developments could use city sewer and water systems.
Initially The Terraces was touted as a waterfront apartment building where tenants would have 20-year leases and pay between $10,000 and $12,000 a month.
New plans submitted to the city show The Terraces as condos where the individual units would be sold. No selling price is mentioned, but Duane Hagadone said in October that the individual units with views of the golf course and Lake Coeur d’Alene would be valued at about $2.5 million.
That switch opens Hagadone’s ability to build a marina on the east shore of the golf course without having to change Idaho law.
Hagadone wouldn’t say Friday whether a marina is still in the works but said that one is now possible.
“We haven’t said anything to the public yet,” Hagadone said.
So far Hagadone hasn’t applied to the Idaho Department of Lands for a marina permit. Carl Washburn of the IDL confirmed that the switch to individual ownership means a marina is possible.
Last summer, Hagadone Hospitality was told it must change Idaho law before it can build a private marina of the golf course waterfront because it planned to own the apartment building. The state grants permits for community marinas only where the waterfront is owned by a homeowners association or more than two individuals, or commercial marinas. The state also grants permits for a single dock to homeowners or an individual corporation.
In April, the planning commission allowed Hagadone to move slightly the location of the proposed building so the individual condo owners would have more privacy from their decks. That meant moving the building 40 feet up the hillside and off the shore of Lake Coeur d’Alene. The footprint also was moved 75 feet north, which is farther up Fernan Creek.
The new configuration means that Hagadone will now comply with the 40-foot shoreline buffer that was originally waived.
The planning commission also will have a public hearing the same night on Hagadone’s proposal to annex 78 acres of Blackwell Island into the city limits.
The 5:30 p.m. meeting will be at Coeur d’Alene City Hall, 710 E. Mullan Ave. For more information, call 769-2300.
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