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River Park Square

INTRODUCTION:

The new River Park Square is a $115 million regional downtown redevelopment project that opened on August 20, 1999. It includes approximately 370,000 square feet of GLA with a new, expanded Nordstrom store in 128,000 square feet and a state-of-the-art AMC Multi-screen Theatre in 90,000 square feet.

The project incorporates three blocks of major anchors of specialty retail, restaurants, expanded parking and an enclosed vaulted atrium. This urban specialty center is the cornerstone of the community-wide effort to expand the exciting Spokane retail, entertainment and visitor district for the 1.7 million customers in the region.

MERCHANDISING STRATEGY:

The owners of River Park Square have assembled a dynamic collection of specialty retailers including:

  • Nordstrom
  • Abercrombie & Fitch
  • AMC Theatres
  • Anderson & Emami
  • Ann Taylor
  • Banana Republic
  • Bag' N Baggage
  • Bath and Body Works
  • Casual Corner
  • Chico's
  • Chevys Fresh Mex
  • Eddie Bauer
  • Gap
  • Gap Body
  • Gap Kids
  • Godiva
  • Petite Sophisticate
  • Pottery Barn
  • Restoration Hardware
  • Talbots  
  • William-Sonoma

to serve the greater Spokane marketplace and the growing numbers of convention delegates and regional visitors coming into downtown for a variety of activities. The project will provide Inland Northwest residents and visitors alike with upscale goods and services and "one of a kind" retail and entertainment offerings.

MARKET:

Downtown Spokane is the cultural, entertainment, medical, employment and retail hub of the surrounding 36-county Inland Northwest trading area including over 1.58 million residents. As the largest city between Seattle and Minneapolis, it is a destination for visitors and shoppers throughout the Inland Northwest who view downtown Spokane as "the" regional meeting place. River Park Square and the downtown core are supported by an excellent roadway system with access to Interstate 90, five blocks from the Center.

In recent years, the greater Spokane community has invested hundreds of millions of dollars in public facilities in and around the central retail core to attract visitors and local residents. Included are Riverfront Park (Expo ’74 World’s Fair site) the Opera House, the AG Trade Center, a new public library, transit center and the 12,000 seat sports and entertainment Arena.

BACKGROUND:

Originally built in 1974, River Park Square is currently under redevelopment to include both new construction and a renovated streetscape. The center is currently anchored by Nordstrom and The Bon Marche, (which is connected via skywalk, but not part of the project ownership). The renovation will include expanding and relocating Nordstrom into a newly constructed building, and increasing the access to and amount of, adjacent covered parking. The storefront exteriors along Main Street will be enhanced dramatically and traffic and pedestrian flow will be improved as part of the overall plan.

MARKET STATS:

  • Spokane’s 36-county Inland Northwest Trading Area includes 1.7 million people.
  • The 6-county regional core includes over 620,000 people.
  • The Spokane MSA includes over 420,000 people.
  • 25,000 employees work in the downtown core. Included are the physicians and staff of the medical facilities located immediately adjacent to the downtown. This industry represents over $4 billion in annual revenues.
  • Downtown includes an additional population of over 7,000 nearby university students, including those from Gonzaga University and the new Spokane Intercollegiate Research and Technology Institute (SIRTI). With expanded facilities underway, the downtown graduate student population is expected to reach 20,000 by the year 2010.
  • Visitors to Spokane County spent an estimated $520 million in 1997.

PROJECT STATS:

GLA:

Over 370,000 square feet

ANCHOR STORES:

Nordstrom
The Bon Marche
809 W. Main Building
AMC Theaters

128,000
155,000
170,000
90,000

SPECIALTY STORES:

Over 280,000 square feet including: Abercrombie & Fitch, Aveda, Ann Taylor, Anderson & Emami, Bag' N Baggage, Banana Republic, Bath and Body Works, Eddie Bauer, Boehm's, Casual Corner, Chocolates, Chico's, Childrens' Corner Bookshop, Claires, Gap, Gap Body, Gap Kids, Godiva, Miaz Boutique, Petite Sophisticate, Pottery Barn, Restoration Hardware, Smart Wireless, Sunglass Hut, Talbots, The Walking Company and William-Sonoma

DINING/ RESTAURANTS:

Chevys Fresh Mex, Panda Express, Sawtooth Grill, Twigs Bistro, Twigs Bar and other specialty restaurant locations available

PARKING:

Over 1300 adjoining covered stalls including 235 stalls underneath Nordstrom.

OWNER:

RPS II LLC

PROJECT DEVELOPMENT:

Bob Robideaux, President
R.W. Robideaux & Company
Tel: 509-838-7970
Email: rwr@rwrobideaux.com

EXCLUSIVE LEASING AGENTS:

Shaani Claypool, Executive Vice President, Director of Leasing
R.W. Robideaux & Company
Tel: 509-838-7970
Email: shaani@rwrobideaux.com


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