Liberty Lake Investments LLC, of Hayden, Idaho, says its proposing to build a big residential and commercial development on 100 acres of land in eastern Liberty Lake.
Tentatively called Liberty Village, the master-planned community is expected to include a total of 917 living units in a mixture of single-family homes, condominiums, apartments, and an assisted-living facility. The complex is expected to be developed over the next decade, says Brett Sullivan, co-owner of Liberty Lake Investments.
It would be bordered by Appleway Avenue to the north, Simpson Road to the west, a residential development thats being built to the south, and the city limits to the east. The development company bought the site from Liberty Lake Meadows LLC in June, Sullivan says.
A total estimated value for Liberty Village hasnt been released yet, he says.
A 35-acre piece of land, located at the northwestern portion of the property and fronting on Appleway, is expected to include a commercial center, says Todd Prescott, the other owner of Liberty Lake Investments.
The commercial center would include three-story buildings with retail and office spaces on the first floors and condos and apartments on the upper floors that are intended to attract professionals who want to live and work in the same building, Prescott says. A road connecting to Appleway would bisect an area of the development considered to be the town center, and lead to a community park in the central portion of the development, he says.
Bordering the town center to the southwest and northeast would be clusters of apartment and condo buildings, with a combined total of 100 units, as well as triplexes and six-plexes with a total of 150 units for seniors, Prescott says.
The assisted-living facility, located at the northeast corner of the property, would have up to 90 units, he says. Liberty Lake Investments plans to start seeking an operator for that facility soon, Sullivan says.
A residential neighborhood is planned on the remaining 65 acres of land at the southeastern corner of the property, Sullivan says.
The neighborhood, which would be dotted by several small parks, would include town homes, duplexes, triplexes, and single-family homes with a total of nearly 600 units, he says.
Prices for living units at Liberty Village havent been determined yet, Sullivan says.
The southeastern corner of the property includes a graded piece of land, which likely would be developed into additional homes, but exact plans for that area havent been determined yet, Sullivan says.
The city of Liberty Lakes planning commission has scheduled a public hearing for the project on Oct. 4. Prescott says Liberty Lake Investments hopes to get final plat approval for the project by December so it can start infrastructure work by early next year. It would start building the first phase of Liberty Village by the second quarter of next year, and likely would complete the development in nine to 12 phases over the course of about nine years, he says. In all, the development could house up to 2,000 residents, he says.
Bothell, Wash.-based W&H Pacific Inc. is doing land planning for the project, and Iverson Architects, of Newport Beach, Calif., is designing the town center, Sullivan says. Iverson Architects used a similar concept when it designed a town center for a master-planned community called Orenco Station in the Portland suburb of Hillsboro, Ore., he says.
Liberty Lake Investments is a joint venture between Spokane-based Flagstone Development Group Inc., of which Sullivan is vice president, and Hayden, Idaho-based Whitewater Creek Inc., of which Prescott is vice president. Whitewater Creek would be the contractor for the commercial center at Liberty Village, and Spokane-based Sullivan Homes Inc. would be one of about three home builders working on the nearly 600-unit residential neighborhood, Sullivan says.
Spokane-based Zeck Butler Architects PS is doing architectural work for the project, and Storhaug Engineering Inc., of Spokane, is the civil engineer, Sullivan says. Mountain West Bank, of Coeur dAlene, is helping to finance the project, and the development company is working to secure other financing sources, he says.
Contact Emily Brandler at (509) 344-1265 or via e-mail at emilyb@spokanejournal.com.