Spectrum Development Plans Housing on Iron Bridge Campus

Thursday, June 30, 2022

Location:  https://goo.gl/maps/pXwxy1XLXGkVvsmf8

Planned units: Approximately 170

Anticipated completion date: Fall 2024

Pre-leasing: TBD

A Seattle-based firm, Spectrum Development Solutions is moving forward with a new housing project on the Iron Bridge campus adjacent to the Spokane River and plans to construct approximately 170 apartment units. Construction is anticipated to commence by summer 2023 with a fall 2024 opening.

The project will include studios and two-bedroom rental units. The building will span a total of 102,450 square feet with 196 parking spaces, according to a preliminary site plan.

The residential development also will include amenities to encourage a connection to the Spokane River and pedestrian use of Iron Bridge, which connects Gonzaga University to the University District.

Mithun Architects is designing the building and the architect of record is ZBA. The project’s estimated cost is $25 million, according to the application.

Construction on the building is slated to begin in April 2023, according to the site plan.

Spectrum Development Solutions, founded in 2008, is a real estate development and advisory firm with a focus on urban, mixed-use, transit-oriented and environmentally sustainable projects. Spectrum has successfully completed or is underway on 1,225 units of multi-family apartment housing, 7,600 beds of student housing, including a number of projects for the University of Washington in Seattle, as well as student housing adjacent to Seattle University and Western Washington University, among others. It manages $450 million of mixed-use, urban and student housing development in the Puget Sound area, according to the firm’s LinkedIn page.