OPEN YOUR DOORS TO 8.7 MILLION PEOPLE
THE VIBRANT
HEART OF SPOKANE
RIVER PARK SQUARE It’s more than a destination for shopping, dining & entertainment. It's a landmark of civic pride as the centerpiece of Spokane's game-changing downtown renovation. • • • • •
Nearly 420,000 square feet of retail space Five floors, encompassing two full city blocks Five-story glass atrium Award-winning design by Callison Architecture of Seattle Walking distance to the Spokane Arena, Convention Center, sports arenas, theatres and 100-acre Riverfront Park
RIVER PARK SQUARE CUSTOMER AVERAGE HOUSEHOLD INCOME REACHES $95,000 DURING PEAK EVENTS AMENITIES • • • • • •
Seven full-service restaurants The Kress Gallery, showcasing the works of local artists with seating for 120 Attached 1,300-stall covered parking garage Pedestrian access via the street level or skywalk system Full-service concierge Terrace Dining features local and national eateries with seating for 620, as well as a children's eat & play area
A VIBRANT MIX River Park Square is home to a cultivated collection of local and national retailers. This includes Nordstrom, Apple, Nike, Anthropologie, Urban Outfitters, Sephora, an abundance of full-service and take-out dining options, and AMC 20 Theaters with IMAX. Our varied merchant mix draws visitors from all over the Inland Northwest and Canada as well as a thriving tourism audience.
Ben & Jerry’s Flatstick Pub Good ‘Dilla Indigenous Eats Mac Daddy’s Gourmet Grub Nordstrom Espresso Bar Nordstrom Marketplace Café P.F. Chang’s
Panda Express Rocket Bakery Sbarro Shiki Sushi Subway Tea’s Company Twigs Bistro & Martini Bar Whim Wine Bar
$1.4 BILLION DOWNTOWN TOURISM ECONOMIC IMPACT IN 2022
LOCATION • • •
Downtown Spokane, ½ mile from Interstate 90 4 ½ hour drive from Seattle, WA 6-hour drive from Portland, OR
TRADE AREA • •
Spokane & Coeur D'Alene Population: 781,497 Trade area population: an estimated 8.7 million, including parts of Washington, Idaho, Oregon and Montana, as well as British Columbia and Alberta, Canada
TRAVEL & TOURISM •
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Spokane International Airport saw 3.9 million passengers in 2022 and recently broke ground on its $150 million concourse expansion. In 2022, downtown Spokane hosted 3.9 million visitors with a $1.4 billion economic impact. Over the past year, there have been more than 11 million total visits to Downtown Spokane. New Downtown Stadium valued at $37.8 million will house high school sports, live events and three new soccer teams. "The Podium" was named best new sports venue by SportsTravel magazine is already home to a world record in Track & Field. It will host Spokane's first ever World Championship in Fall 2023. Spokane boasts 5 ski resorts within 2 hours of downtown. In a typical year, Spokane County hosts 382,000 convention delegates annually.
THE SPOKANE REGION A hub for business, transportation, medical, industrial, education, and culture – just 18 miles west of the Idaho state line and 110 miles south of the Canadian border. The area boasts traditional industries like agriculture, manufacturing, services, forestry as well as the emerging industries of bioscience, health and technology. Spokane is the largest city in Spokane County and the 2nd largest city in Washington State.
2021 Spokane Nielsen DMA ranking 66 out of 210 - moved up 4 places
Median County Home- Price $350,000, 20.7% Increase. Average Closed Price Of $418,982. 34.95% Increase. Home Sales Up 5.2%; Home Vales Up 26.3%
Spokane’s workforce is 107,450 and the average commute time is less than 20 minutes, with direct access to over 50 miles of urban bike lanes and accessible public transit
90,000 higher-education students study within an 80-mile radius of Spokane
In 2019, Inc. Magazine named Spokane one of the best places to start a business.
Spokane is a multi-model transportation hub with great access by rail, highways and the Spokane International Airport.
Spokane is affordable with cost-of-living scores below the national average.
Top employers include Fairchild AFB, State of WA, Providence Health Care, Gonzaga University, Amazon and Avista Corp.
DOWNTOWN LIFESTYLE •
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Punctuated by a powerful urban river gorge, second in size only to Niagara Falls, downtown Spokane has direct access to year-round recreational opportunities including the 100acre destination park, Riverfront Park; the 63mile Centennial Trail; and the Spokane River for kayaking, fly-fishing, rafting and paddle boarding Between 2013 and 2022, over $400 million has been invested in public infrastructure and facilities in downtown Spokane Composes nearly 50% of the leasable space in the Spokane area with 1 million square feet of retail space, including niche retail, food, beverage, and entertainment 16 Skywalks Annual events include Hoopfest & Bloomsday, drawing tens of thousands of participants and spectators each year
APPROXIMATELY 9,500 RESIDENTIAL UNITS IN DOWNTOWN SPOKANE •
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27,000 housing unit within 2-mile radius of Nordstrom (40% owner occupied) 11% Increase in rents over the past 12 months 300+ multi-family units under development over the next 2 years
Sources: CoStar, PlacerAi, SpokaneCity.org
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THE HEART OF DOWNTOWN SPOKANE
2023 MAJOR DOWNTOWN EVENTS
plus, more to be announced!
January Spokane Sports Indoor Track Meet (1,600) WA State Dream Dual Wrestling (1,970) Winter Warrior Wrestling Tourn. (1,473)
March
February
WA State Middle School Basketball Championship (20,436)
U.S. Track & Field Championships (9,000) District Basketball Tournament Championships (1,220)
WIAA Hardwood Classic (2,985) NCAA D1 Women’s Basketball Reg. (1,935)
GNAC Indoor Champ. (980)
Lilac Grand Prix Track & Field (2,300)
WSU Open Track Meet (3,455)
July
August
4 th of July Celebration & Fire Works (9,700)
School Employee Convention (1,300)
April Jason Crawford Wrestling Tournament (5,000) Evergreen Volleyball Champ. (2,500)
Pacific Northwest Qualifier (13,300)
Spokane Ag Show (6,000)
Unity in the Community (6,100)
May Bloomsday/Lilac Parade(20,000)
NPC Empire Fit Expo (2,250)
June Hoopfest (225,000) U.S. Karate National Championship (4,600)
Border Smackdown Int’l USA Badminton Junior Men’s Volleyball (925) National Championships Memorial Super Day Dash Baseball Tournament (2,170)
(3,700) Lilac City Comicon (3,000)
Cinco de Mayo Baseball Tournament (2,800)
Terrain’s Bazaar (12,900)
December
September
October
November
Riverfront Park AEG Concert Series
Fall Fest (17,800)
Santa’s Arrival (3,600)
Terrain’s BrrrZaar (15,000)
USA Wrestling NW Bigfoot Battle (3,960)
Christmas Tree Elegance (100,000)
Pig Out in The Park (100,000)
NEW Downtown Stadium Projected Opening
World Badminton Junior Championships (1,400)
Gonzaga Univ. Family Weekend
Ice Ribbon & Holiday Lights At the Pavilion Spokane Invitational Track (950)
SPOKANE IS TRANSFORMING River Park Square is home to a cultivated collection of local and national retailers. Our varied merchant mix draws visitors from all over the Inland Northwest.
RIVERFRONT PARK REDEVELOPMENT
COMPLETED
Costing $64.3 Million, this seven-year project features U.S. Pavilion, Light Show, Ice Ribbon, Children’s Play Areas, Skate Park; 100-acre urban park, Hooptown USA Basketball Courts. Attracts more than 3 million visitors per year. New AEG Concert Series begins August 2021, featuring Counting Crows, Death Cab For Cutie, Machine Gun Kelly and many more. Named one of America’s most beautiful urban parks by National Geographic
M Apartments- $65 Million Opened 2018; Former Macy’s Building; Luxury Living connected to River Park Square via Sky Walk 1400 Residential Tower- $32 Million Opened 2017; 14-story condo tower on West Riverside Avenue Kendall Yards PUD- $150 Million Open and Continues to Expand
Wonder Building- $12.5 Million Opened 2019 Spokane Falls Plaza & CSO Tank - $25 Million The Podium – $53 Million State-of-the-art track and multipurpose athletic facility
Downtown (Central) Library- $31.8 Million UW Medicine & Gonzaga Health – $100 Million Health Sciences Education Building
IN THE WORKS Spokane International Airport - $144 Million
Planned terminal renovation and expansion. Direct flights to 17 markets are already offered.
Spokane Transit City Line - $92.2 Million Begins Service in 2023
THE PODIUM River Park Square is just a short stroll from The Podium, a multipurpose sports complex with the ability to host local, national and international competitions. The Podium was named best new sports venue by SportsTravel magazine and is already home to a Track & Field world record. The Podium will host Spokane's first ever World Championship in Fall 2023. The venue also provides space for local sports programming, concerts, youth sports, community events and gatherings. The Marquee feature is a 200-meter, six lane hydraulic banked indoor track. The venue also has 3,000 permanent and 1,000 portable seats.
DOWNTOWN STADIUM The new multi-use stadium, valued at $37.8M, will feature 5,000 seats, plus 10-12,000 seats with field capacity. This will be the home stadium for Spokane Public Schools and three new soccer teams- one professional men’s, one professional women’s, and a pre-professional women’s team, all affiliated with the United Soccer League. $11.4 million in economic impact is estimated. The venue will also host concerts, largescale special events and sports activities/events.
FIRST LEVEL
SECOND LEVEL
THIRD LEVEL
CONTACTS John Gavin Commercial Asset Manager 509-227-5760 jgavin@corealestategroup.com
Mailing Address: River Park Square Management Office 999 West Riverside Avenue, 6th Floor Spokane, WA 99201 riverparksquare.com cowlesrealestate.com