• Home
  • About Us
  • Subscribe
  • Advertise
  • Newsroom
  • Sign In
  • Create Account
  • Sign Out
  • My Account
  • Current Issue
    • Latest News
    • Special Report
    • Up Close
    • Opinion
  • News by Sector
    • Real Estate & Construction
    • Banking & Finance
    • Health Care
    • Education & Talent
    • North Idaho
    • Technology
    • Manufacturing
    • Retail
    • Government
  • Roundups & Features
    • Calendar
    • People
    • Business Licenses
    • Q&A Profiles
    • Cranes & Elevators
    • Retrospective
    • Insights
    • Restaurants & Retail
  • Supplements & Magazines
    • Book of Lists
    • Building the INW
    • Market Fact Book
    • Economic Forecast
    • Best Places to Work
    • Partner Publications
  • E-Edition
  • Journal Events
    • Elevating the Conversation
    • Workforce Summit
    • Icons
    • Women in Leadership
    • Rising Stars
    • Best Places to Work
    • People of Influence
    • Business of the Year Awards
  • Podcasts
  • Sponsored
Home » Aspen Homes builds its first apartment complex

Aspen Homes builds its first apartment complex

Four-building project in Cd'A expected to be completed this spring

Kevin Blocker
Kevin Blocker
January 16, 2020
Kevin Blocker

For the first time in its 20-plus years in business, Coeur d’Alene-based Aspen Homes & Development LLC soon will add custom-design apartment complex to its portfolio of work.

Aspen Homes is constructing Latitude 20 — four buildings with five units each – southeast of the intersection of Best Avenue and 15th Street, about 2.5 miles northeast of downtown Coeur d’Alene.

The project has a construction value of $3 million and is expected to be completed in the spring. 

The complex is being built on approximately 1.5-acres of land. D’Zign Group LLC of Hayden, Idaho is the project architect, says Todd Stam, who owns Aspen Homes & Development.

Of the new multifamily complex, Stam says, “We want to create something people don’t want to move out of. We haven’t tried anything like this before. We want to build something a little nicer than the standard (apartment) complex.”

Seeking to provide each of the 20 units with the “Aspen feel,” each apartment will feature wood trim, a fireplace, and granite countertops in the kitchen and bathrooms, says Stam.

Each two-level unit will have nearly 1,200 square feet of living space. Two bedrooms and two bathrooms will be located upstairs, with a half bathroom, kitchen, and living area in the lower level. Each apartment also will have its own garage for parking, he says.

Though still under discussion with his management team, monthly rent could run between $1,300 to $1,400 month, according to Stam.

“The goal is to make a custom residence that’s not crazy expensive,” he says.

Stam says the company began having discussions about such a project a few years ago. Aspen Homes acquired the property in a land trade with a former client, he says.

“As housing prices began to climb, we thought there’d be a demand for this type of a complex,” Stam says. “You’re literally 60 seconds from Interstate 90 and can reach Post Falls and downtown Spokane in a short period. And it’s a short drive from downtown Coeur d’Alene.”

In addition to Latitude 20, Aspen builds single-family homes at several new-home developments in Kootenai County, including Fox Hollow and The Falls at Hayden Lake.

    Latest News Special Report Real Estate & Construction North Idaho
    • Related Articles

      Aspen Homes builds office building in Liberty Lake

      Wolfe Development to build its first homes in Spokane Valley

      Aspen Homes erects new office building at Riverstone

    • Related Products

      Book of Lists Digital Version - Largest Retirement Homes

      Business of Year Individual Ticket

      Market Fact Book PDF

    Kevin Blocker

    Composite value of INW public companies rises

    More from this author
    Daily News Updates

    Subscribe today to our free E-Newsletters!

    SUBSCRIBE

    Featured Poll

    How was the first half of the year for your business?

    Popular Articles

    • Stephanie vigil web
      By Karina Elias

      Catching up with: former news anchor Stephanie Vigil

    • Binw davebusters (72) web
      By Journal of Business Staff

      Dave & Buster's to open Spokane Valley venue in August

    • Stcu ceo lindseymyhre web
      By Journal of Business Staff

      STCU names new president, CEO

    • Selkirk21 web
      By Dylan Harris

      Selkirk Pharma founder files new lawsuit amid company's uncertain future

    • Final renderings building aerial cropped web
      By Dylan Harris

      Rising demand fuels Kootenai Health's growth

    • News Content
      • News
      • Special Report
      • Up Close
      • Roundups & Features
      • Opinion
    • More Content
      • E-Edition
      • E-Mail Newsletters
      • Newsroom
      • Special Publications
      • Partner Publications
    • Customer Service
      • Editorial Calendar
      • Our Readers
      • Advertising
      • Subscriptions
      • Media Kit
    • Other Links
      • About Us
      • Contact Us
      • Journal Events
      • Privacy Policy
      • Tri-Cities Publications

    Journal of Business BBB Business Review allianceLogo.jpg CVC_Logo-1_small.jpg

    All content copyright ©  2025 by the Journal of Business and Northwest Business Press Inc. All rights reserved.

    Design, CMS, Hosting & Web Development :: ePublishing