River's Edge can move forward on annexation

COEUR d'ALENE - A company was approved Tuesday to move forward with annexing roughly 63 acres of waterfront property into the city of Coeur d'Alene.

The applicant is River's Edge Apartment's LLC, of Spokane.

The Coeur d'Alene City Council approved its request Tuesday night to begin with the formal application process. The property, formally owned Mill Sites LLC that included partner and developer Marshall Chesrown, sits along the Spokane River west of Riverstone.

In 2008, the Coeur d'Alene City Council approved a request by the former owners to consider annexing the property, but a formal annexation request was never presented within a year of the approval, and the agreement expired.

The property was eventually sold to River's Edge Apartments following a court case that was dismissed with prejudice in early 2010 between River's Edge Apartments and Mill Sites.

River's Edge would have one year to submit a formal annexation request.

The property was divided into two plots. The first is roughly 61.5 acres and the second is an adjacent 2.34-acre parcel between Seltice Way, the Spokane River and the Mill River development.

Lanzce G. Douglass, of River's Edge, said Tuesday the plan would likely be a mixed-use neighborhood, but didn't have a design plan ready yet.