A 2-acre parking lot on the southwest corner of the former Costco Wholesale Corp. property along North Division Street is the site of a proposed $18.5 million assisted living facility, according to documents filed with the city of Spokane.

The project site is located at 7609 N. Division, on vacant land immediately west of the Big 5 Sporting Goods store and Texas Roadhouse restaurant, in Spokane’s Shiloh Hills neighborhood.

A pre-development conference application shows the project includes a five-story, 25,000-square-foot building with up to 110 assisted-living units and up to 28 memory care beds.

Rich Development Co., a San Pedro, California-based real estate development company, owns the property through landholding entity Newport Spokane LLC, which acquired the site in April 2021, according to the Spokane County Assessor’s Office records.

Representatives of Rich Development couldn’t be reached immediately for comment.

A contractor hasn’t been selected yet, permit data shows. Ethos Civil LLC, a Tacoma, Washington-based civil engineering company, is providing engineering services. 

Kevin Carl, principal of Seattle-based architecture firm Magnet Design + Development, filed the pre-development conference application with the city of Spokane earlier this month. 

Carl declines to comment on the project.

The potential addition of up to 138 assisted-living and memory care units in North Spokane comes at a time when Inland Northwest retirement home operators report that occupancy rates are approaching pre-pandemic levels, as previously reported in the Journal.

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