Ridpath property one step closer to ‘do not occupy’ removal

Print
Email
|

by KREM.com and Chris Nguyen

KREM.com

Posted on July 6, 2012 at 6:52 PM

Updated Friday, Jul 6 at 7:02 PM

SPOKANE-- Local developers continue to work on acquiring the Ridpath Hotel property in downtown Spokane. They've been working with the city to lift a ‘do not occupy’ order put in place earlier this spring.
   
A local developer says he's "one step closer" to turning it all around.

Earlier this spring the City of Spokane enforced a ‘do not occupy’ order at the property because city officials deemed it "out of code" after a failed test.
   
Since then developers have spent the past few months replacing dozens of smoke sensors and sprinkler heads. They’ve also made repairs to the fire suppression system.

One developer, Steve Antonietti said, "The banks have been very generous, paying the bills to get that stuff done, so we can get it passed through the city for them."

Among the other issues Antonietti says there are at least 10 different owners who have stakes in the Ridpath. This makes things complicated when it comes to who runs the power and who controls the water flow.

Antonietti is waiting for parts of the building to be foreclosed on so he can make additional offers to acquire those sections.

If the building passes the next code check, the "do not occupy" order should be lifted. In that case one of the remaining tenants, Diamond Parking, will most likely be allowed back onto the property to conduct business.
 

Print
Email
|