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Two more condominium projectswith a combined 109 units and an estimated total cost of $14 millionare expected to get under way this week in Post Falls.
Each is being developed by a different company. The larger of the two projects, an 87-unit, $11 million-plus project to be located south of Interstate 90 along Third Avenue near Caton Street, also is to include 10,000 square feet of retail space. The other, a 22-unit, $3 million project to be located about three miles to the west, near the intersection of Mullan Avenue and Chase Road, will sit next to a 4,500-square-foot commercial building also being built by that projects owner.
Andrew Otero, of Santee, Calif., is developing the 87-unit project through a company called Promenade LLC, and his construction company, A&D General Contracting Inc., also of Santee, will erect it. Another company owned by Otero recently completed an about $4 million, 36-unit condo project, also built by A&D, called Riverwalk Condominiums, at 404 N. Greensferry, in Post Falls.
The planned complex on Third, to be called The Promenade, will include four buildings with a total about 120,000 square feet of floor space, says Otero.
The largest of the four buildings will be three stories tall and will have 46,000 square feet of floor space, including the 10,000 square feet of space set aside for up to five retail tenants on the ground level. The remaining space in that building would include 23 living units, he says.
The other three buildings all will have two stories, ranging in size from about 19,000 square feet of living space to about 28,000 square feet of space, and will include from 16 to 24 units each, says Otero.
Prices for the condominium units will range from about $90,000 for the smallest, 700-square-foot units with one bedroom and one bathroom, to about $160,000 for units that have more than 1,300 square feet of space and have three bedrooms and two bathrooms, he says.
The architect for that project is Forte Architecture & Planning Inc., of Coeur dAlene.
Meanwhile, the 22-unit project planned at the northeast corner of Mullan and Chase is being developed by High Wing Construction Inc., of Post Falls. The condos are to get under way this week on the same two-acre parcel where High Wing is constructing a commercial building.
The condo project, to be called Skywagon Condos, will include units ranging in price from about $125,000 to about $150,000, says Bob Guindon, High Wings president.
He says the condos will range in size from about 800 square feet, for a one-bedroom unit, to 1,200 square feet, for a two-bedroom unit.
He says the condominiums were designed by Pasold Matthews Architects AIA, of Spokane Valley, and are expected to be completed by late August.
The commercial building, which is under way and is expected to cost about $400,000, will become the new headquarters for High Wing, and will have space for two other businesses, says Guindon.
We started work there about four weeks ago, and plan to have it completed by late June, says Guindon. He says the commercial building was designed by ML Architect & Associates, of Post Falls.
Guindon says High Wing, which went into business in 2000 and currently has eight employees, will occupy about one-third of the commercial building. He says another Post Falls business, which he declines to name, is close to buying another one-third of the building, and that a convenience store might take the rest.
Contact Rocky Wilson at (509) 344-1264 or via e-mail at rockyw@spokanejournal.com.