Fueled by reasonable real estate prices and a plentiful work force, developers and tenants have focused in on the region. Large industrial, high-tech and business parks have been rising up left and right, and a plethora of new business, from start-ups to regional offices, have been taking them down.
The Spokane International Airport Business Park, for example, a master planned industrial and business real estate development, has thus far spread 41 buildings across 600 acres here. In West Plains, a multi-use development combining light industrial, biotech, office and retail, expects to grow as large as 300 acres.
And 15 miles to the east, the 92-acre Liberty Lake Center has filled to capacity in just over four years, while Liberty Lake Corporate Park has completed the infrastructure for retail, commercial and industrial uses on 200 acres.
"Over course of the last five years it has been fairly robust, including a re-retailing of the area," Turner tells GlobeSt.com. "Big box retailers have taken a very strong hold here."
As for its office market, Turner says, "Spokane has not experienced any significant negative events like the decline of dot-coms." While the area had felt left out when it failed to draw dot-com companies, Turner's perspective now is more that of a passenger that missed the sailing of the Titanic.
To bring order to rampant helter-skelter growth, after more than six years of work, the City of Spokane was successful this past Monday night in adopting its Comprehensive Plan. Ken Pelton, Spokane's chief planner, tells GlobeSt.com the model promotes growth in 17 designated centers and corridors, including downtown.
"The plan encourages development in areas where there is already adequate infrastructure and encourages intensive fill in those designated areas," he says. In concept, Spokane is looking to direct the development of clusters of urban-village type neighborhoods. Says Pelton of the plan, "It will provide more opportunity for people to live, work and shop in the same area. They will be able to make more use of public transportation and reduce demand on the arterial street system."
As for future commercial development, all pre-existing commercial zoning was maintained citywide. While it supports commercial growth, the city would like to see developers focus on the plan's designated areas. Details of the Comprehensive Plan, complete with detailed maps, is available on the city's Web site, www.spokanecity.org.
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