$45 million condo high-rise is going up in downtown Coeur d’Alene
60-unit luxury tower to open across from McEuen Park in 2024
Erica BullockJuly 14th, 2022
Construction of an 18-story, 60-unit, upscale high-rise condominium building, to be dubbed The Thomas George, will begin this summer in downtown Coeur d’Alene, says Hayden Anderl, luxury property specialist and Realtor for Coeur d’Alene-based brokerage Coldwell Banker Commercial Schneidmiller Realty.
The Thomas George development site is an 18,900-square-foot lot where a U.S. Bank drive-thru ATM was previously located, at 116 S. Third.
The downtown site is steps east of the Coeur d’Alene Resort, a short walk north of the Coeur d’Alene Boat Launch, and across Front Avenue from McEuen Park.
Anderl declines to disclose the construction value for the development. Permit application data on file with the city of Coeur d’Alene, however, shows an estimated valuation of $45 million.
Over one-third, or 21, of the total condos have been reserved in the last two months since they’ve been open for reservations, which Anderl contends is an indication of strong interest in and support of the project.
The condos will range in size from about 785 square feet up to 3,000 square feet and will range in price from $800,000 up to $4 million, he says.
Prices will be dependent on the views and size of the unit, Anderl adds.
Monte Miller, founding principal of Coeur d’Alene-based Miller Stauffer Architects PA and project architect, says demolition of the ATM drive-thru and parking lot has been completed, the property is fenced in, and crews are currently preparing the site for construction to begin.
Miller says, “We’re hoping to begin the shoring and excavation in a couple of weeks, with construction starting probably mid-August.”
Miller and Anderl say the project will take up to two years to complete.
Spokane-based Garco Construction Inc. is the general contractor, and the Spokane office of DCI Engineers is providing engineering services.
The development is owned by Front Row Properties LLC, of Coeur d’Alene, which has developed other residential properties in North Idaho including a condo complex in Post Falls and an apartment community in Coeur d’Alene, Anderl says.
Front Row Properties is governed by Clifford Findlay, John Magnuson, and Tom Anderl, owner of Coeur d’Alene development company Anderl Development LLC. Tom Anderl is Hayden Anderl’s father.
On the main level, the Thomas George building will have two 1,500-square-foot commercial spaces facing Front Avenue, that Anderl says would be ideal for food service businesses to occupy.
“We’re looking for food service. We’re thinking of coffee on one end and a restaurant on the west end,” Anderl says.
Miller says the property will have onsite parking, the majority of which will be underground. The building’s entrance will be accessible from Third Street.
A porte-cochere, which is a covered entrance large enough for vehicles to pass through, will lead residents to the building’s parking garages.
“We’ve got five levels of parking. Two are below grade, one is at grade, and two are above grade,” Miller says. “The main floor lobby will have a covered drive-thru area to drop people off or pick people up.”
The third floor of the high-rise will have dedicated community spaces including a clubhouse, a residential terrace overlooking the boat launch, an indoor and outdoor pool, a 24-hour fitness center, a golf simulator room, and restrooms and showers.
Site plans show The Thomas George will have a mix of units from 800-square-foot, one-bedroom, one-bathroom condos to 2,300-square-foot, three-bedroom, two-bath units on the fourth to sixth floors of the high-rise.
A mix of two- and three-bedroom condos with a slightly larger footprint will occupy the seventh to 14th floors. Executive suites on the 15th and 16th floors will have even more space per unit, from 2,100 to 2,400 square feet, and penthouse suites on the 17th and 18th floors will have the largest units ranging in size from 2,400 to 3,000 square feet.
The interior of the condos will have high ceilings, high-end cabinetry, appliances, and finishes that Anderl says will be specified at a later date to ensure product and material availability for the spring 2024 opening.
“We’ve had a lot of interest and a lot of inquiries from people,” Anderl says.