IRON BRIDGE OFFICE CAMPUS
Iron Bridge Office Campus is located on approximately 23 acres of riverfront property close to downtown Spokane. When completed, the campus will include six office buildings, totaling 345,000 square feet, a parking garage for 577 vehicles, and surface lot parking for approximately 1,000 vehicles. Four of the six buildings have been completed and two of which are fully leased. In 2012, Iron Bridge, LLC purchased an adjacent building on the Spokane River, which had been converted to residential condos that were unsold. This 37,000 square-foot building was converted to office suites and has been 100% leased to an existing tenant at Iron Bridge Office Campus as executive offices.
Iron Bridge, LLC anticipates construction of Iron Bridge IV and V, totaling approximately 166,500 square feet, in 2015. Iron Bridge Buildings IV and V will be centered adjacent to the historical iron bridge. With construction of the next phases of Iron Bridge Office Campus, new amenities will include a public café serving breakfast and lunch, patio riverside seating, and a courtyard fountain interpretive center. These new amenities will complement the existing riverside walk/bike trail and natural landscaping, making the campus an attractive, pedestrian-friendly outdoor setting.
The campus derives its name from the former railroad bridge that was originally built in 1911 by the Oregon and Washington Railroad and Navigation Company (OWR&N) for the purpose of serving the mining areas in the Coeur d'Alene district of Idaho and the northern Bitterroot Mountains of Montana. The OWR&N became part of the Union Pacific, which operated the line across the bridge until 1973 when the track was vacated to makeway for the Spokane World Fair of 1974. The campus site was a mix of light industrial and residential prior to redevelopment as a Class "A" office campus by Iron Bridge, LLC.
The former Union Pacific right-of-way to the west of the property is now a part of the Centennial Trail, as it passes through Gonzaga University and downtown Spokane. The Centennial Trail is a rails-to-trail connecting Spokane with Coeur d'Alene, Idaho, 30 miles to the east.
The iron bridge was re-decked in 2012 to provide walking and biking access across the Spokane River to the Centennial Trail through Gonzaga University Campus, Washington State UniversitySpokane Campus, Eastern Washington University Spokane Campus, Spokane Convention Center, Riverfront Park and the downtown shopping and business district. All of these destinations are within one mile of the Iron Bridge Office Campus.
- April 1998 Iron Bridge, LLC formed a partnership to purchase the assets of the defunct Layrite Company, including 13 acres of land from Sterling Savings Bank.
- September 1999 After restarting and operating the concrete block manufacturing plant, Iron Bridge,LLC sold it to Oldcastle Products (Central PreMix) who relocated in 2001 to the Spokane Valley Industrial Park.
- 2001 Demolished the old plant facilities and various residential homes included in original purchase.
- 1999-2003 Purchased additional contiguous properties from public and private title holders to increase the size of the project to 19.6 acres.
- 2003 Formed Tax Increment Financing zone with the City of Spokane to complete infrastructure required by the city. (i.e. street widening, curbs/sidewalks, larger water mains, and a new riverside trail)
- 2003 Constructed the 25,000-sf Iron Bridge I as the first office building and leased to State Farm Insurance Claims Center and HDR Engineering.
- 2005 Constructed 60,000-sf Iron Bridge II as second office building and leased to PAML and Delta Dental.
- 2006 Constructed four-story parking garage with 577 car parks to serve buildings II, III, IV and VI.
- 2008 Constructed 46,000-sf Iron Bridge III as the third office building, with a long-term lease to General Services Administration (GSA) for the Social Security Administration office and two other small tenants.
- 2008 Purchased residence and lot adjacent to Iron Bridge III to use for additional on-site parking.
- 2009 Secured funding of $860,000 via State and Federal sources with private matching funds to re-deck the historic iron railroad bridge and connect the Iron Bridge Office Campus trail on the east side of the river to Centennial Trail and the University District on the west side.
- 2012 Purchased an adjacent 37,000-sf building on the river and designated as Iron Bridge VI. The building was built for use as a commercial laundry facility in the 1920s. Prior to Iron Bridge, LLC acquiring the building, it had been converted to a high-end residential condominium complex, but the project remained unsold. Iron Bridge, LLC leased 100% of Iron Bridge VI to an existing Iron Bridge Office Campus tenant, PAML. The building was converted to executive office suites.
- 2014 Current project size is approximately 22.6 acres, plus an additional three acres of river bed. Approximately nine acres of land remain for development of Iron Bridge Buildings IV & V, with all utilities and infrastructure completed.