This article by Marc Stiles originally appeared in the Puget Sound Business Journal.
Spectrum & Pinnacle to Build 160 Unit Apartment Project Near Gonzaga in Spokane, WA
Spectrum Development Solutions and Pinnacle Partners are teaming up to build a 160-unit apartment project near the Gonzaga University campus in Spokane, WA.
Spectrum Development Solutions said in a news release it has been looking for the right opportunity in Spokane for more than a decade to bring “much needed quality apartment and student housing to the market.” “This is a terrific opportunity for us to deliver our brand of housing to serve students, health care workers, and young professionals,” Jhomar Small, associate principal at Spectrum Development Solutions, said in a statement. “Our collaborative partnership with Pinnacle and the City of Spokane has been instrumental in this project’s success so far.”
“We’re pleased to be part of a project that addresses Spokane’s incredible demand for housing that’s attainable to both students and the urban-workforce community,” Leo Backer, co-founder and managing partner at Pinnacle Partners, said in a statement. “It’s another example of how opportunity zones help support the housing needs close to urban centers like Spokane.”