5 More HUGE Changes Coming to Spokane, WA

    The city of Spokane, Washington, is currently experiencing a significant transformation in its real estate landscape. The local real estate market is witnessing a surge in redevelopment and new construction projects, with substantial investments pouring into the region. In this blog, we will delve into the latest updates on these developments, exploring the potential impact on the city's property values and the quality of life for its residents. From commercial investments to residential expansions, Spokane is undergoing a remarkable transformation.   1. Commercial Property and Crime Impact The blog starts by highlighting the sensitivity of commercial investors to crime levels in Spokane. Commercial property investors are closely monitoring the buildings they purchase, especially those situated in key downtown locations. The impact of measures like "Measure One" on commercial real estate is discussed, emphasizing the need for safety and how it influences investment decisions.   2. Downtown Redevelopment The core of Spokane's transformation lies in its downtown area. The blog mentions that 22 redevelopment and new construction projects, amounting to nearly a quarter of a billion dollars, are currently underway. The developments are scattered throughout the downtown core and are expected to bring a new wave of investment and life to the city. Loft-Style Apartments: The Wharton Building, previously home to a Thai restaurant, is being transformed into 16 loft-style apartments with plans for a restaurant or coffee shop on the ground floor. Crescent Building Remodel: The Crescent Building is converting five of its eight floors into 90 residential units, while the first two floors will remain for mixed-use commercial spaces. Fidelity Building Upgrades: The Fidelity Building is undergoing substantial upgrades in electrical, heating, and ventilation systems, sparking curiosity about its future use. Payton Building Transformation: The seven-story Payton Building is also being converted into residential housing with some commercial spaces.   3. Impact on Downtown Life The blog discusses the potential effects of these developments on downtown life, including concerns about parking availability and the anticipation of a more vibrant and economically robust downtown.   4. Spokane's Sports and Tourism Hub Moving from downtown, the blog shifts focus to the growth of Spokane as a sports and tourism hub. The completion of the Spokane Public Schools' stadium has led to $36 million in commercial real estate transactions in Spokane, attracting investors and tourists alike. The expansion of sports facilities and the development of professional soccer teams are expected to boost tourism and further transform the city. The Wonderground: This section introduces an exciting project, "The Wonderground," which will provide an indoor facility for various activities like pickleball and golf simulators. It's expected to become a family-friendly hotspot in the heart of Spokane.   5. Liberty Lake Development The blog touches upon the Trutina development in Liberty Lake, a gated community catering to residents aged 55 and above. The community is nearing completion and will consist of single-family homes and multifamily units with a wide range of amenities. The neighborhood is connected to the Centennial Trail, offering a unique living experience.   6. Adu Laws and Residential Opportunities The piece emphasizes the changes in Accessory Dwelling Unit (ADU) laws in Spokane, allowing for the construction of more townhomes and other residential units. It cites an example of a property owner in the Perry District who plans to take advantage of the relaxed laws by adding additional units to his property.

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Crime and Homelessness Out of Control in Spokane, WA?

  In recent times, the city of Spokane, Washington, has been grappling with the complex issues of rising crime rates and a growing homelessness problem. As the city approaches election season, the focus is shifting towards the ballot measures and proposals aimed at addressing these pressing concerns. In this blog, we will take a closer look at the situation in Spokane, explore the key ballot measures, and offer insights into the challenges and possible solutions.   An Increase in Homeless Encampments The city of Spokane has witnessed a noticeable increase in homeless encampments. This rise can be partly attributed to the landmark Martin vs. Boise case, a court decision that limited the city's ability to enforce anti-camping laws. It was determined that removing people from public land was considered cruel and unusual punishment. However, this ruling has frustrated city leaders, forcing them to find ways to address the issue within legal boundaries. These encampments have concentrated primarily downtown, particularly along the I-90 Corridor, and are gradually spreading into West Central and Logan neighborhoods. There's been a 54% increase in complaints related to homeless encampments in 2023, as compared to the previous year.   Crime on the Rise Simultaneously, crime rates in Spokane have been on the rise. Crime statistics indicate the need for effective law enforcement and a comprehensive approach to tackle criminal activities. The connection between rising crime and the growing homelessness issue is becoming increasingly evident, necessitating a multifaceted strategy to address both problems effectively.   Restricting Camping Locations Proposition 1 proposes restricting camping locations for the homeless. Specifically, it suggests a 1,000-foot buffer around parks, schools, and daycares where camping would be illegal. While the intention behind this proposal is to regulate homelessness, there are concerns that it might simply shift the problem to other areas. This could have significant implications for homeless individuals' access to essential resources and services. The concentration of illegal camping locations can lead to questions about whether this approach truly addresses the root causes of homelessness.   The Intention vs. Real-world Application The ballot language for Proposition 1 appears vague, leaving room for interpretation. It appears to address homelessness, but there's uncertainty about how the allocated resources will be used. The debate over this proposition reflects a divided public opinion. While many believe in the importance of addressing homelessness and ensuring accountability, there's a need for greater clarity in the ballot language to effectively communicate its intended purpose.   Addressing Crime: Adding a Sales Tax Measure 1 suggests adding a 0.2% sales tax in Spokane, aiming to address the issue of rising crime. However, the wording of this measure is vague, leading to speculation about how the additional tax revenue will be used. It is suggested that a portion of the funds may be allocated for the construction of new jails or expanding existing ones. This proposal highlights the need to balance law enforcement efforts with rehabilitation and support for individuals involved in criminal activities.   Balancing Law Enforcement and Rehabilitation Overcrowding in Spokane's jails has raised concerns about the effectiveness of the current criminal justice system. The proposal emphasizes the importance of providing behavioral and mental health support, addressing the root causes of criminal behavior. Accountability and transparency in fund allocation are central to this measure, ensuring that resources are used effectively to improve public safety.   A Positive Step: Affordable Housing Development There's a positive step in the form of the Northeast Public Development Authority Project, where the city plans to hand over a property for a mere $1. This initiative aims to address the affordable housing crisis by building 30 affordable homes for those making 80 to 115% of the median income. The project also includes ground-floor commercial space. This innovative approach allows the city to have a stake in the property and be compensated at the end of the project, promoting affordable housing development.   Creative Solutions for Affordable Housing Spokane boasts numerous vacant lots that remain underutilized. This initiative emphasizes the need for creative solutions in addressing the affordable housing crisis. Small-scale affordable housing projects and equity through land ownership can pave the way for more initiatives like the Northeast Public Development Authority Project.   The issues of rising crime and homelessness in Spokane are significant challenges that the city faces. As the election season approaches, ballot measures like Proposition 1 and Measure 1 offer potential solutions. However, the nuances and potential consequences of these proposals must be carefully considered. Additionally, initiatives like the Northeast Public Development Authority Project offer hope for addressing the affordable housing crisis. The road ahead may be complex, but it's through informed decision-making and innovative solutions that Spokane can work towards a safer and more stable future for its residents. It's crucial for the community to engage in these discussions, conduct further research, and make informed decisions at the ballot box.

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September Housing Market Update: Are We On The Brink Of A Collapse?

  Is the Spokane Housing Market on the brink of a collapse? 🏚️📉 Let's dive into the latest stats, trends, and expert insights to find out! Don't miss out on the crucial info every homebuyer and seller needs to know! Join the conversation and stay ahead of the game in Spokane's real estate scene.

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