We are hoping to break ground in the spring of 2014 on 48 apartments adjacent to Riverview on The Villa’s At Riverview and should be completed by winter of 2014.
Construction of the first phase of the Mirabolante Apartments, 135 units of a total of 234 units located in Spokane Valley will begin in the early summer of 2013. Currently this project is just receiving its permit approval from the various jurisdictions and we expect to be able to pull the building permits within the next month.
Construction of the first phase of the Riverview Apartments, a 109 unit apartment started in summer of 2011 and finished in summer of 2012 located in Coeur d’Alene, Idaho. The construction of a second phase of 94 units began in fall of 2012 and is expected to be completed by the fall of 2013. Rudeen Management Company Inc. is the management company overseeing the lease-up and operations on this project.
Snohomish Station Condo’s is a two phase condo project with 92 units in Snohomish, Washington. The first phase included 48 units; we completed the construction on the first phase in the spring of 2010 and there remains one unit to sell and six units in a rental pool, the other 41 units have been sold. We began construction on the second phase of 44 units in the fall of 2013 and expect to have the first units ready for the market in the late summer of 2013.