SPOKANE, WA-During a three-hour weekend sales here at The Davenport Hotel that generated $6 million, Harbor Mountain Co. presold 50% of a planned 48-unit ski lodge at Schweitzer Mountain, the popular ski resort near Sandpoint, ID. The residential units were priced between $221,000 and $675,000.

“Our buyers have shown confidence in the projects and the future of Schweitzer,” says Ron Cook, president of Harbor Mountain Co., explaining that owners are expected to enter their units into a rental pool for lease and rent to the public. “Selling $6 million of real estate in one afternoon is amazing. I’m extremely proud of this achievement and look forward to putting the first shovel in the dirt.”

White Pine Lodge will be located in the heart of Schweitzer’s ski-resort village. The 75,000-sf steel and concrete structure will feature ground-level retail space plus 48 fully furnished one-two-and three-bedroom condominiums with sweeping views of Lake Pend Oreille and the Cabinet Mountains.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.