Lexington Homes Inc., an 8-year-old Spokane Valley home builder, plans to construct a 6,000-square-foot office building at 11900 E. Broadway and move its headquarters into a portion of the building. It also plans to add three more buildings on the site later.
Dave Nerren, president of Lexington, says site work has been completed for the project, and he hopes to start construction on the first building within the next 60 days. The project is expected to take about nine months to build.
The two-story building, estimated to cost about $900,000, will be the first of four office buildings Lexington plans to construct on about 1 1/2 acres the business owns there, Nerren says. One of those additional buildings will have 6,000 square feet of floor space, and the other two will have about 4,000 square feet of floor space each, says Nerren. He plans to begin construction on the other three structures within about a year.
The architect on the project is Lindquist Architects PS, of Spokane Valley.
Once the first structure is ready for occupancy, Lexington Homes will move three blocks from its current location at 12213 E. Broadway, where it leases about 1,600 square feet of space, Nerren says. It will occupy the second floor of the new building, and lease out the lower level.
We are expanding our business and want to better exhibit the product we put out, says Nerren. Were here to stay.
Lexington Homes employs 22 people and expects to have $14 million in revenue this year, Nerren says.
An escrow office of Stewart Title of Spokane LLC has agreed to lease 2,000 square feet of the lower level of the first building. A couple of businesses are looking at the rest of the space in that building, says Nerren, but he declines to disclose their names.