Is the housing market in downtown Spokane starting to thaw out? On Tuesday the Spokesman-Review reported that the Germond Building in downtown Spokane is undergoing a major remodel with upscale apartments being designed and constructed by local developer Ron Wells on the upper floors. Notably, this historic building housed many of the city’s government offices for while a new City Hall was being constructed in the aftermath of the Great Spokane Fire in the 1890s.
Now, the four-story building will play host to eighteen new upscale apartment units on the upper three floors. Ironically, the building is owned by Diamond Parking, which we kinda-sorta railed against on Monday. Wells says that the “Diamonds have become passionate believers in restoring older buildings,” per the Spokesman (of course, tell that to the Rookery Block.) The units will range from 600-1,400 square feet and run from just over $1,000 to $2,400 monthly. The requisite granite countertops and stainless steel appliances, of course, apply. Oh, and retail will remain on the first floor, including two new tenants set to move in later this year. New residents move will be able to move in by November.