Spokane Journal of Business

Coeur d'Alene's Riverstone Village lands seven new tenants

Variety of new lessees includes fitness center, boutiques, sports shop

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The Riverstone mixed-use development in northwest Coeur d'Alene has gained seven new commercial tenants that have opened shop recently or are planning to do so soon, says a commercial real estate agent involved in the lease transactions.

The tenants offer a variety of goods and services, including home decor items, fitness programs, sports memorabilia, women's apparel, pizza, and frozen yogurt, says Casey Brazil, the Coeur d'Alene broker with Spokane-based Kiemle & Hagood Co.

All seven leases are in buildings B and C, the multitenant structures that respectively line the north and south sides of Main Street in the center of the Village at Riverstone, which is the 25-acre retail heart of the overall 160-acre development, Brazil says.

Tiffany Blue II, a women's clothing boutique, has leased 2,400 square feet of space at 2027 Main.

Kareen Link says she and co-owner Rachel King plan to open as early as this week the Tiffany Blue boutique on the north side of Main Street, between the Zumiez skate and boarding shoes and apparel store and the Aeropostale teen clothing and accessories outlet.

Tiffany Blue II will be their second Coeur d'Alene store. Link says she and King have owned the original Tiffany Blue at 404 E. Sherman, downtown, for nearly three years.

"We've always had our eye on Riverstone," Link says. "We know it's up and coming, and it's starting to be vibrant. We also want to keep our downtown location."

Link says Tiffany Blue II will employ seven people.

The Riverstone store will carry similar styles as the original store, which includes the Tulle, Hudson Jeans, BB Dakota, and Citizens of Humanity brands, she says.

The Body Shop, a fitness facility, has leased 1,900 square feet of space at 2055 Main, which also is in Building B.

Megan Gasper, who recently opened shop there with co-owner Jamie Lee, says the business involves multiple aspects of fitness.

"It's also a wellness center, with nutrition counseling and personal training," Gasper says.

Gasper says she and Lee are both fitness veterans. The two met in Las Vegas, where Gasper had led fitness courses for seven years. Lee had operated Shake It Off Fitness in the Parkside tower, at 601 Front, in downtown Coeur d'Alene, before Gasper moved to Coeur d'Alene and the two became business partners.

The Body Shop offers group sessions of cycling, yoga, Pilates regimens, and Zumba dance workouts.

It also offers strength classes and boot camps, which have military-style physical workouts at high-intensity intervals, Gasper says.

Four independent contractors also work at the shop as fitness trainers.

Next door to the Body Shop, at 2061 Main, Gasper's husband Tom Gasper owns Pick 6 Sportscards Inc., a new business that has leased 1,300 square feet of retail space.

Pick 6 specializes in sports memorabilia and cards, including autographed and regulation sports items, says Tom Gasper, who retired from law enforcement in Las Vegas before moving to North Idaho.

"I've been dabbling in it for 15 years," he says of dealing with sports cards. "I thought it would be a good thing to do again to offer people a variety of stuff from the low end to the high end."

He says he chose Riverstone because of its accessibility to the regional market, which includes Spokane, Hayden, and Post Falls.

While Gasper describes the business as in its infancy stage, he adds that word of the shop is getting to sports collectors in outlying areas as well as Coeur d'Alene.

"We've seen people from Liberty Lake and Spirit Lake," he says.

The store has one other employee, he says.

Daisy J's Trading Co., a home decor and gift boutique, has leased 1,975 square feet of space at 2018 Main, in Building C, says Jennifer Rea, the store's owner. The store has moved there from smaller quarters at 210 E. Sherman, in the Resort Plaza Shops retail center in downtown Coeur d'Alene, Rea says.

"It has more room for me to be creative and bring in fun, new products," she says of the larger space at Riverstone.

Rea says the boutique has one employee in addition to her.

The shop handles a mix of modern, rustic, and shabby chic decor products, and now is including items with a more industrial look that it didn't have room to carry at its previous location, she says.

The industrial look includes numerous galvanized items, such as canisters and flower buckets, Rea says.

Daisy J's inventory also includes candles, books, and furniture.

Two recently leased spaces at 2010 Main Street, at the north end of Building C, will offer food items when they open.

One restaurant will be Grooveberries Frozen Yogurt Inc., which will be a self-serve frozen yogurt shop, Brazil says.

The shop will be located at the southeast corner of Main Street and Old Mill Loop, which is across Old Mill Loop from the Regal Cinemas Riverstone Stadium 14 theater complex.

Rod Johnson, Grooveberries' president, couldn't be reached for comment.

The other eatery will be an outlet of Bullman's Wood Fired Pizza, a casual dining restaurant chain, Brazil says.

Mike Hampton, who owns the Helena, Mont.-based chain, couldn't be reached for comment.

The Bullman's, at Riverstone, will be the fourth restaurant in the chain. The other Bullman's restaurants are located in Helena, Kalispell, and Billings, Mont.

J Miller Salon has leased 3,200 square feet of space at 2087 W. Main, in Building C, Brazil says.

The luxury salon plans to move there from its current location, at 370 E. Kathleen, in North Coeur d'Alene, he says.

Jennifer Miller, who owns the eight-year-old business, couldn't be reached for comment.

J Miller's website says its services include hair styling, nail care, skin care, and massage.

In addition to Brazil, Chris Schreiber, and Colin Conway, also of Kiemle & Hagood, were involved in the lease transactions.

Brazil says the retail space in buildings B and C is about 75 percent occupied.

"We're filling up the Village quite rapidly," he says. "We expect it to be full over the next few months."

Idaho Retail LLC, a company owned by John Stone, one of the original developers of Riverstone, bought the ground floor retail space from an Arizona investment company in January, says Brazil, who also handled that transaction.

Stone had been a founding principal in Spokane-based SRM Development LLC, a subsidiary of which developed the three-story buildings, which have two stories of condominiums above the retail floor.

During the recession, which brought commercial leases and residential sales at Riverstone to a standstill, SRM deeded the buildings back to its lender, which sold them off to the investment company.

Early last year, Stone decided to focus his efforts on day-to-day development activities at Riverstone and transferred his interests in SRM to former partners Dee McGonigle, Jim Rivard, and Bryan Stone, his son.

Mike McLean
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Reporter Mike McLean covers real estate and construction at the Journal of Business. A multipurpose fisherman and vintage record album aficionado, Mike has worked for the Journal since 2006.

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