A Portland-based company that co-developed the 104-unit Deer Run at Northpointe apartment project on Spokanes North Side two years ago now plans to build another 108 apartment units next door in an $8.8 million project.
The company, PacifiCap Properties Group LLC, says the new complex will be called Deer Run West, and that some of the units will be targeted at low-income residents.
It will be located near the Northpointe commercial area on property east of Nevada Street and accessible from both East Westview Court and Morton Court, says PacifiCaps project manager, Robert Gibson.
Deer Run at Northpointe, which opened in 2002 and was developed jointly by PacifiCap and Inland Construction Co., of Spokane, is located just east of the new project on part of the former Birdies Golf Center site.
Inland Construction will be building the complex, which is to include five, three-story structures, beginning in October, says Inland spokesman Darin Davidson. Its expected to be completed next spring. Wyatt Architects & Associates PS, of Spokane, designed the complex.
Deer Run West will include 55 two-bedroom units, 36 three-bedroom units, and 18 one-bedroom units. The apartments will range in size from about 700 square feet to about 1,100 square feet.
The Deer Run West apartments will serve the housing needs of families in the growing northern portion of Spokane, says Gibson. These units provide an alternative for larger families who choose not to buy a home in the area.
PacifiCap has asked the Washington state Housing Finance Commission to issue $6.6 million in tax-exempt bonds for construction of the project. The commission is slated to hold a hearing on the matter next Thursday.
To use that funding source, the developer must designate at least 40 percent of the complexs living units as being affordable to low-income tenants, says Nona Snell, a senior finance associate with the Washington state Housing Finance Commission.
Deer Run West will be owned solely by PacifiCap.
It owns more than 5,000 apartment units in Washington, Oregon, Idaho, Nevada, Colorado, and New Mexico, Gibson says.