Kimco Realty Corp. is planning the interior renovation of a 22,800-square-foot vacant retail space, at 5630 N. Division, in the Franklin Park Commons shopping center on Spokane's North Side.
Spokane area apartment vacancy rates are returning to normal this year as multifamily construction projects wrap up and add new units to the housing supply, however affordability concerns are still straining the market, some market observers here say.
A 1-acre property on Spokane's South Hill is under consideration for the development of two proposed projects that would lead to the construction of either an office building or a multifamily housing complex.
The historic Wharton Building is undergoing major renovations, and its ownership group is taking advantage of tax incentive programs to make it happen.