Descripción del activo
The Crescent Building (Property) provides a unique opportunity for either a conversion of its office space into residential housing or the ongoing utilization of its existing office mixed-use. Spanning across 98,000 square feet of Downtown Core (DTC) zoned land, The Property boasts a total building area of 299,000 square feet encompassing a spacious basement, two retail floors, and ample office space on floors two to seven. The current owner commissioned Uptic Studios Architects to conduct a comprehensive apartment conversion study, resulting in a compelling plan for approximately 90 units spanning floors 3 to 7, complemented by 50 parking stalls conveniently located on the basement level.
Downtown Spokane, nestled in eastern Washington, offers residents a vibrant and diverse array of attractions. Explore the stunning Riverfront Park after a 3-minute walk, which showcases picturesque gardens, walking trails, and the breathtaking Spokane Falls. For art enthusiasts, there are numerous galleries, theaters, and museums to indulge in, like the Fox Theater, Spokane Symphony, and the Northwest Museum of Arts and Culture. Foodies will delight in the culinary scene, with its eclectic mix of restaurants, cafes, and breweries, while outdoor enthusiasts can enjoy the nearby Centennial Trail and Mount Spokane State Park for hiking, biking, and skiing. Downtown Spokane also hosts an array of community events, such as the famous Lilac Bloomsday Run, Spokane Pig Out in the Park, and the thrilling Spokane Hoopfest. With its dynamic urban lifestyle, downtown Spokane is an enticing place to call home.
The Crescent Building presents an exceptional and unique opportunity for developers to provide sought-after rentable space to either individual or commercial renters in the heart of Spokane's vibrant retail and entertainment hub.
For Investment Sales & Advisory, please contact:
Chris Ross
Senior Director
+1 425 533 1954
chrisp.ross@jll.com
Licensed in WA
Michael Sharapata
Senior Managing Director
+1 509 822 0088
michael.sharapata@jll.com
Licensed in WA
Jared Smith
Vice President
+1 509 505 7459
j.smith@jll.com
Licensed in WA
For Debt Advisory, please contact:
Steve Petrie
Director
+1 206 336 5450
steve.petrie@jll.com
Atributos
Medios
Aspectos destacados de la inversión
- The Crescent Building is located within an Opportunity Zone.
- Proximate to Spokane's largest employers
- Anchored by local university presence
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