As we reported here, the former US Bank parking lot on 3rd and Front Street is one step closer to becoming an 18 story, 199 foot, high-rise building consisting of 60 condos and two commercial spaces. 120 parking stalls spread over five levels, including two underground, will support residents.
Located at 301 E Front “The Thomas George” building (Note: The development team did not offer a comment on the name of the building or the project) will only occupy what is currently a parking lot. Plans for the former US Bank building have not yet been disclosed.
The Design Review commission evaluated and approved the project in a meeting February 24, 2022. The only special request of the developer, Tom Anderl, was to allow curb cuts which will be located “within inches” of existing curb cuts. A traffic study indicated fewer interruptions to pedestrians would be expected on pedestrian-oriented 3rd street. Shadow studies were also completed and show the building’s shadow will reach three to four streets north during the winter.
Planning commission and urban renewal/ignitecda committee member Brad Jordan voiced support during the public comment period as he described the improvements of downtown CdA over the last forty years and estimated property tax revenue of $750k to $1M. While this is the sixth high-rise to come to CdA the neighboring Coeur d’Alene Resort has previously sought approval for building a tower on top of the “Shops” which are directly west of this proposal. The resort’s development team pulled the proposal after the design review requested enhanced architectural features. Whether the resort will seek development in the future remains to be seen but could impact the value of these condos.
Two commercial suites ~1,500 square feet on the lower level facing Front street will be available for lease with a preference for restaurant/food and beverage service.
Below are site photos and renderings of the proposal which regardless of any potential public displeasure meets all requirements of city code. Opponents of high density projects should note that the recent passing of the updated comprehensive plan did not impact the viability of this project.