Renovations to the Peyton Building are expected to restart this month following an unanticipated delay tied to asbestos removal, says developer Jordan Tampien, co-owner of 4 Degrees Real Estate.

The historic building, located at 10 N. Post, has been under asbestos treatment for the past eight weeks, Tampien says, delaying the project by about four months.

Spokane-based Air Tech Abatement Technologies Inc. is performing the estimated $400,000 to $500,000 project, Tampien says.

Once construction restarts at the downtown site, the surrounding streets will be closed to traffic once again. However, this time, Tampien is working with the surrounding businesses and the city to mitigate the impacts of road closures.

He expects the project to be complete in early 2027.

Tampien is spearheading the projected $32 million development that aims to convert the seven-story former office property into a 96-unit mixed-use apartment complex. In February 2023, Tampien, along with Seattle-based investor Doug Dingman and Spokane-based developer Ryan Berg, who co-owns Spokane-based Crafted Beauty, purchased the Peyton Building for $12 million.

The office-to-housing renovation project has experienced a few setbacks since embarking on its transformation.

As reported by the Journal, Avey Construction Group LLC, of Spokane, completed the interior renovations to the Peyton Building last year, just before the start of Hoopfest in late June.

In early July 2025, the Peyton Building’s New York-based investors reduced their funding by $4 million following the publication of reporting by The Spokesman-Review that the building housing Brick West Brewing Co. — which Tampien co-owns — had entered foreclosure because of failure to keep up with payments. Tampien was then prompted to go searching elsewhere for the remaining capital.

In September 2025, Tampien secured a deal to reinstate the loan for the Brick West building, located at 1318 W. First, pulling the former site of Watts Automotive & Driveline Service out of foreclosure.

Renovations started again in October after Tampien had secured the remaining funds, but were halted again once the extent of the building’s asbestos problems was determined to be more than what he had anticipated, he says.