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Sirti Bestows Award of Honor
October 21, 2010. Billie Moreland, PhD, of Billie Moreland and Associates and Steve Simmons, PhD, E...

Triangle %u201CGraduates%u201D at Sweet Sixteen
The Idea (1994)
In June 1994, while on a layover in the San Francisco airport, Dr. Steve Simmons cam...

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08/15/2005 - Morgan Building Conversion Launched

Hammers are swinging. Walls are going up. Another historic downtown building is becoming new again. The Morgan Building at the gateway to the U – District, at 315 W Riverside, is under construction, being converted to a mixed use condominium loft community. The loft-like units are being sold for both offices and for living space – following the live/work concept for urban development.

According to Ron Wells of Wells and Company, the building’s owner and developer, “This is by far downtown Spokane’s nicest and best-located loft project to date.” Of the thirty-one spaces available, sixteen have been pre-sold.

Units vary in sizes from about 900 square feet to 1800 square feet – with 1000 to 1500 being the norm. The lofts will have exposed concrete floors and those on the lower levels can have exposed massive wooden beamed ceilings. There are seven units per floor on most floors. The second floor has slightly different architecture because there is a one story difference in height between Riverside and Sprague Avenue. The finished loft will include appliances, bathroom and kitchen fixtures, heating and air conditioning, and fire safety. There are two high speed elevators and the HVAC is state-of-the-art. Not every detail has been completed. The decision on the provision of high-speed connectivity has not yet been made.

Each loft will have one parking space in the building’s new garage. The garage will face Sprague and Bernard adjacent to the Morgan Building. The garage now is in the permitting process. In the building basement will be a community wine storage cellar. The climate controlled facility will be for use by all of the loft dwellers. Another unique feature of this development will be the community roof terrace. There will also be individual roof terrace areas for sale to the tenants for their private use – e.g. out door grilling. The community roof terrace will have spectacular views for Riverfront Park fireworks and other displays.

If you buy a loft, who will be your neighbors? Buyers include a wide spectrum of individuals. There are some older “empty nesters”, some young professionals, and everything in between. The most common element is that most work downtown and want to live near their jobs.

The five upper floors of the Morgan building are for office or residential, but the street level spaces are being sold for retail use. The retail spaces are: one 7000 square foot space facing Riverside, and three spaces from 1100 to 2300 square feet facing Sprague. No deals have been inked, but there is a lot of interest, according to Spencer Stromberg, Property Manager. “It’s a wonderful building,” says Stromberg, “it’s a historic building, but everything in it is new.

Interested parties should contact Spencer Stromberg at Wells and Company 1325 W 1st Avenue, Suite 300, (509) 624 – 8050.

Billie Moreland
 
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