Verdis construction company moves to larger quarters
Young paid $1.1M for structure along Schreiber in Cd’AFebruary 11th, 2021
Coeur d’Alene-based Verdis, a woman-owned engineering, planning, landscape design and construction company, has moved to a new location following a record-setting sales year.
Verdis owner and President Sandy Young says she purchased a building at 3906 N. Schreiber Way for $1.1 million and has made $300,000 worth of tenant improvements to it so far.
The company has had six different locations since its founding in 2007 and was located most recently in a second-floor suite in the Parkside Tower, at 601 E. Front.
“We needed more space,” Young says. “We’re growing rapidly and bringing on new team members faster than we can order laptops and desks to accommodate them.”
The company now has more than 7,000 square feet of office space, up from its former 2,000-square-foot space in downtown Coeur d’Alene.
Young says Verdis now is able to bring the company’s construction and professional teams together in a single location, with space for equipment, tools, trailers, and trucks.
The company started as a land-use planning and landscape architecture business with three employees and a focus on local projects. The company now has 30 employees.
Verdis has teams of civil engineers, construction superintendents, draftsmen, laborers, and landscape architects.
The company remodeled the building, creating a more open interior and installing an all-glass store front, she says.
Young says she was approved for a U.S. Small Business Administration loan that covered 40% of the total cost
“Between the prior lease, parking, and storing vehicles off-site, we’re basically breaking even per month in costs buying the building,” she says.
Despite the presence of COVID-19, Verdis doubled its sales in 2020, compared with the prior year, and is projecting another record year in 2021, says Young.
She declines to disclose revenues.
To date, Verdis has secured more than 135 federal and state contracts in 14 states.
The company first became certified under the federal 8(a) Business Development Program in 2015.
That program helps socially and economically disadvantaged entrepreneurs gain access to government contracts.