The Spokane market is currently sitting with record low apartment vacancy levels. This is why we usually have a handful new apartment complexes under construction at any one time around our area. So, because of the regularity of these projects they only occasionally make it onto inlandnwbusiness.com, usually for uniqueness. And it doesn't get much more unique then a new student housing driven apartment project in Cheney that is nearing completion.
That project is the new School House Lofts student apartment community which is being built within the former Cheney High School at 520 4th Ave. in Cheney. And, unlike all of the new construction apartment projects this is a complete renovation of an historic school building.
The School House Lofts apartments is currently under construction in the final phases with tenants allowed to move in time for this fall's move in at nearby Eastern Washington University. The building will have 36 apartments of varying sizes and floorplans on all 3 floors of the structure.
To stay true to building's history as a school the gym , while not quite as large is being kept mostly as is for tenant use. Even the lockers in the hallway are staying although they will no longer be functional for storage. The auditorium is also staying as common space used for the student tenants to study.
School House Lofts is being managed by NAI Black, rent is to be from $498 for a bedroom in a shared unit to a little over $800 a month for a studio apartment. Apartments will be largely furnished with wifi, bike storage and more.
For more information about leasing at School House Lofts, visit their web site at-
http://ewuapartments.com
