Developers are putting the finishing touches on the first of two planned six-unit, high-end apartment buildings on the bank of the Spokane River, near Spokane’s University District.
The nearly completed Riverwalk Apartments building is located at 722 N. Superior, north of Riverwalk Plaza and just south of the rail-to-trail bridge known as the Iron Bridge.
Spokane real estate investment and development company MGD at GU LLC is developing the $1 million project.
David Birge, Gavin Swenson, and Mark Baier own the company.
Each living unit in Riverwalk Apartments will have 1,000 to 1,200 square feet of living space, two bedrooms, two baths, a deck, and a garage, Birge says.
MGD at GU is developing the apartment complex on speculation that such units overlooking the river and near the University District and the Centennial Trail would be in demand by young professionals and empty nesters, he says.
Swenson adds, “We’ve never done anything like this. We’re usually just commercial and land developers.”
Baier says each unit will have high-end amenities, including stainless steel appliances.
“We wanted to do something we really could be proud of,” he says.
Built Smart Northwest Inc., of Spokane, is the contractor on the $1 million project, and Blue Room Architecture & Design PS, also of Spokane, designed it.
Baier says the first of the Riverwalk Apartments will be completed and ready to occupy next month.
He says the decision on when to develop the second six-unit building will be based on how long it takes to secure tenants for the one currently under construction.