The small town of Pinehurst, Idaho, about five miles west of Kellogg along Interstate 90, has approved a $23 million, 99-unit condominium and town-house complex called Silver Creek.
The only remaining obstacle before infrastructure work for the project can begin is approval of the plan by the U.S. Department of Environmental Quality, says Jim Fox, a real estate agent with Century 21/Beutler & Associates, of Coeur dAlene, which will market the project.
DEQ approval is basically a formality to make sure the project was designed appropriately, he says.
The project is being developed by Silver Creek Development LLC, of Post Falls. One investor in that company is Bob Guindon, who owns High Wing Construction Inc., of Post Falls, says Fox. High Wing is the general contractor for the project.
Fox anticipates that infrastructure work for the first phase of the four-phase project will begin within the next two weeks, and the site will be ready by December for construction of buildings to begin. The first phase will include construction of one 12-unit condo building, two four-unit town-house buildings, a recreation and clubhouse building, and a pool and spa, he says.
He projects that the first phase of construction will be completed by March.
When the entire project is completed in about two years, it will include 19 town-house buildings with a total of 67 living units, and five condominium buildings with a total of 32 units, Fox says.
The complex is being built on 13 acres that formerly were occupied by a Kampground of America (KOA) campground, he says.
The sizes of the three-bedroom and three-bathroom town-house units will range between 1,600 and 1,700 square feet of space, Fox says.
Those units will be priced between $210,000 and $235,000.
The first-phase condominium units will range between 800 and 1,100 square feet of space. The smaller units will be priced at $135,000, and the larger ones at about $180,000.
Fox says prospective buyers have put down earnest money for all 20 units in the first phase of the project.
About half of the first-phase units have been reserved by local residents, while the other half have been reserved by prospective buyers from other areas of North Idaho, and from Spokane, Seattle, Alaska, and California.
He says out-of-town buyers are interested in purchasing units there as vacation homes.
Contact Rocky Wilson at (509) 344-1264 or via e-mail at email@example.com.
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