JOURNAL OF BUSINESS
An Aspen, Colo.-based real estate development concern says it wants to erect a 12-story, $20 million-plus, mixed-use tower in downtown Coeur d’Alene.
The company, One Lakeside LLC, was scheduled to meet with the City of Coeur d’Alene today (Aug. 16) to discuss the scope of the project, says Tami Stroud, a Coeur d’Alene city planner.
The tower would be constructed on a half-acre parcel of land at the northwest corner of First Street and Lakeside Avenue, next to the nine-story Coeur d’Alene North Condominium structure and across Lakeside from the Coeur d’Alene Chamber of Commerce building, Stroud says.
The tower, as proposed, would have 12 stories and a basement and would be 153 feet tall, she says, adding that the city’s height restrictions would allow a building up to 200 feet there. A vacant, two-story former apartment building that occupies the site would be demolished to make room for the tower. One Lakeside, which owns the property, is a subsidiary of Austin Lawrence Partners LLC, a longtime development company, also of Aspen. Greg Hills, founder and president of Austin Lawrence, says of the proposed tower, “I think it will fit in with neighboring buildings. After we meet with the city, we’ll know whether we’re on the same page or if we have to go back to the drawing board.” Hills says the tower would be Austin Lawrence’s first development in North Idaho.