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A walk through Riverside and Ninth Apartments

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A walk through Riverside and Ninth Apartments

• The complex will consist of eight buildings with a total of 312 units on 6.84 waterfront acres bought for $4.8 million by Weidner Apartment Homes of Kirkland.

• The property is near the corner of Riverside Drive and Ninth Street, on the banks of the Columbia River and just west of the Apple Capital Recreation Loop Trail.

• Units include 30 studios; 168 one-bedrooms; 46 two-bedrooms, one bath; 48 two-bedrooms, two bath; 20 “live-work” units with commercial space on first floor and apartment above.

• Units range in size from 498 square feet for a studio to 1,563 square feet for the largest live-work units.

• Rents haven’t been set yet. But 740 square-foot units at Weidner’s Vintage Apartments in Moses Lake rent for between $895 to $910.

• The Wenatchee complex includes four commercial spaces that developers hope attract businesses that serve residents. Possible tenants could include a coffee shop, bakery, convenience store, home decor retailer, clothing store or bike shop.

• Live-work units could attract mom-and-pop businesses or services, such as small retail shops or offices for accountants, insurance agents or website-software designers.

• The first building projected for completion will be the 3,000-square-foot recreation center which includes a fitness center, commons room, other meeting areas and managers’ offices. The total project should be completed by summer 2015.

• The front of the complex — a curved building with retail and live-work spaces — will face Riverside Drive. Pedestrians will have access to the Apple Capital Recreation Loop Trail by following walkways through to the rear of the complex, which faces the trail and Columbia River.

• To stir interest, Weidner may install interactive electronic kiosks to provide visuals and rental information about the new complex. Kiosks would be placed in high-traffic areas, such as malls, Pybus Public Market, post offices or city halls.

• The complex’s name of Riverside and Ninth Apartments will likely change. Weidner has fairly grand names for its developments — Vintage, Adagio, Foster Greens, Heron Hill, etc. — and this complex is expected to follow suit. “But you can probably bet that ‘Riverside’ will be part of the name,” said Greg Cerbana, the company’s director of public relations.

 

Reach Mike Irwin at 509-665-1179 or . Read his blog Everyday Business or follow him on Twitter at @MikeIrwinWW.