A Spokane Valley physical therapist plans to develop a $2.7 million, 22,600-square-foot office building at the northeast corner of Fourth Avenue and University Road and move his practice there.

The therapist, David Owan, owner of Youthful Horizons Physical Therapy PS, says he eventually plans to add 15 employees at the new location. His practice, currently located in smaller quarters at 12602 E. Sprague, has 26 employees.

A company that Owan has set up, Owan Properties LLC, will own the building. Youthful Horizons will occupy about 14,600 square feet of floor space, and Owan Properties will lease out the rest to as yet unidentified tenants.

Baker Construction & Development Inc., of Spokane, is the contractor on the project, and Wolfe Architectural Group PS, of Spokane, designed it. Construction of the building, tentatively being called the 4th & University Medical Office Building, will begin in May and will take about seven months to complete, says Lucas Holmquist, a project manager for Baker Construction.

The two-story structure will have a ground-source heat pump system, which will provide radiant heat and cooling as well as heat for a 336-square-foot swimming pool that will range in depth from 4 to 6 feet, Holmquist says.

The exterior of the building will include corrugated metal panels, brick veneer, and a stucco-like exterior insulation finishing system, Holmquist says.