Work could start by midsummer on a 14-screen movie theater in a portion of the 74-acre Riverstone mixed-use development in Coeur dAlene.


The developer of that portion of the Riverstone project, Price Legacy Corp., of San Diego, wants to have the theaters open by late 2004, which means weve got to get under way this year, says Bill Stone, senior vice president of Price Legacy.


Stone says the theaters will be part of the first phase of development of Price Legacys $40 million retail-and-condominium project at Riverstone. That first phase will include construction of about 150,000 square feet of retail and entertainment space, out of an eventual total of about 200,000 square feet of such space, he says.


Also in the first phase, Stone Rivard McGonigle Development LLC, of Spokane, will construct about 80 of a planned 110 condominium units in two stories above the retail space. That company, which includes Riverstones original developer, John Stone, now heads Riverstones overall development. It has estimated that the residential portion of the project will cost about $20 million.


Bill Stone, whos no relation to John Stone, says that construction of the retail-and-condominium project will occur in stages because it cant be completed until railroad tracks that cross the Riverstone site are removed.


We know one set is coming out this year, and negotiations are under way to remove the second set of tracks, he says.


Work on the Price Legacy development, which is to occupy about 25 acres of Riverstone, is just one of several projects scheduled to take place there this year.


Its going to be a very busy summer at Riverstone, John Stone says.


Jim Rivard, also of Stone Rivard McGonigle Development, says that another company affiliated with the group plans to break ground on a 28,000-square-foot, three-story office building there shortly. T.W. Clark Construction LLC, of Spokane, will build that structure.


In addition, a separate affiliate will begin site work soon on a second new office project there to be called the Mill at Riverstone, which is to include a dozen buildings ranging in size from 3,000 square feet of space to 15,000 square feet, Stone says.


He says Stone Rivard McGonigle has talked to potential tenants for both the three-story office building and the 12-building Mill at Riverstone complex, although he declines to name those companies.


We wouldnt start if we didnt already have strong interest, Stone says of the Mill project.


The Mill at Riverstone is targeted at small companies and professional offices, which would buy a building pad and construct their own buildings, Stone says. Riverstone is spending $750,000 to construct the dozen building pads there, he says.


Separately, Idaho Independent Bank hopes to start construction at the end of March on a 20,000-square-foot building at Riverstone. The new building will serve as the Coeur dAlene banks North Idaho headquarters, says Lynn Gustavel, senior vice president.


Riverstone already has two commercial buildings, one owned by First American Title Co. and the other a multitenant structure. The development, which was launched in 2000, is expected to include single-family housing and waterfront condominiums in addition to commercial and entertainment space.