A Spokane real estate investment group is developing a two-building retail center in east Post Falls, says Paul Bielec a member of the investment group, Mullan North LLC.
The project site is at the northwest corner of Mullan Avenue and Cecil Road, across Mullan from a Walmart store.
The development, tentatively named the Mullan & Cecil Retail Complex, initially will include an 8,000-square-foot multitenant building that will face Mullan, and a 9,000-square-foot building that will be set farther back from Mullan and closer to Cecil.
The value of the project will be about $3 million, including construction and real estate costs, Bielec says.
Bielec says the developers are nearly ready to put the project out for contractor bids.
Eric Hedlund Design LLC, of Coeur d’Alene, is designing the project.
“We hope to break ground in February and be ready for occupancy in early June,” he says.
Bielec, a broker with Coeur d’Alene-based Coldwell Banker Commercial Schneidmiller Realty, says he’s also the leasing agent for the development.
He says two prospective tenants have committed to lease space in the development, although he declines to identify them.
The project has room for up to 14 tenants depending on their space requirements, Bielec says.
“We’re looking for tenants,” he says. “We can rent anything from 900 square feet on up.”
In addition to the two planned retail buildings, a corner site within the development will be available as a build-to suit or ground-lease pad, he says.
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