Coeur d’Alene will get 46 luxury apartments across from City Hall

Teya Vitu//July 18, 2018

Coeur d’Alene will get 46 luxury apartments across from City Hall

Teya Vitu//July 18, 2018

The Lake Apartments will open in fall in downtown Coeur d’Alene. Photo courtesy of Jim Schueler.

Downtown living in Coeur d’Alene will include 46 new upscale apartments this fall on Mullan Avenue across the street from City Hall.

The Lake Apartments will have three buildings that are linked on the second floor. The front building will be three stories and the rear pair two stories, said Jim Schueler, co-owner of the project.

The Lake will have seven studios, 23 one-bedroom units, 14 two-bed units and two three-bed units with monthly rents from $1,100 to $2,800, he said.

The studios will be 420 to 644 square feet; the one-bedroom units 557 to 745 square feet; the two-beds 800 to 1,548 square feet; and the three-beds 1,361 and 1,820 square feet.

“These are a little more spacious and higher-end than most (Coeur d’Alene apartments),” Schueler said. “We did a rent survey and there is definitely a need for more apartments.”

The Lake units all have wood floors, quartz countertops, stainless steel appliance and outside decks. There is covered parking, a dog area and storage for 20 bicycles.

The Lake Apartments will be luxury living across the street from Coeur d’Alene City Hall. Image courtesy of Jim Schueler.

“This is a biking community,” Schueler said. “They want an apartment and don’t even want to own a car. I have sons in their thirties. They say home ownership is nice but they don’t like all the other stuff that goes with it.”

The Lake Apartments are being built on 1.03 acres covering two city blocks on the site of a former 14-unit apartment building dating from the 1950s or 1960s, Schueler said.

Hamilton, Montana,-based CDA Partners Mullan LLC, composed of Schueler and Brian Glenn, are the project developers and owners.

Momentum Architecture of Coeur d’Alene is the architect. Yost Gallagher Construction of Spokane is the general contractor. Schueler did not disclose the construction cost.