Jordan Tampien, owner of 4 Degrees Real Estate, purchased the site and says he plans to continue operating the tennis club and build 106 residential units on a vacant portion of the 9-acre site. The facility offers group fitness classes, a new high intensity interval training studio, five courts for racquetball, handball and squash, six indoor tennis courts and four outdoor tennis courts, according to the Spokane Club’s website. “It is another opportunity to enhance this amazing city,” Tampien says. “We feel blessed with this opportunity.”
The Spokane (Wa.) Club is selling its Spokane Valley tennis facility and the accompanying land to a local real estate developer for $4.4 million, The Spokesman-Review reported.
The club’s board of trustees approved the sale April 29 to 4 Degrees Real Estate owner Jordan Tampien, Spokane Club board chair Ross Blevins wrote in a message to members.
Tampien told The Spokesman-Review he plans to continue operating the tennis club and build 106 residential units on a vacant portion of the 9-acre site.
The decision to purchase the tennis club and surrounding property was driven by a desire to provide wellness and housing to the community, Tampien said to The Spokesman-Review.
“It is another opportunity to enhance this amazing city,” he said. “We feel blessed with this opportunity.”
Tampien and his brother, Joel, own the Wellness Center at North Park, which offers pickleball, tennis, swimming, yoga and group fitness classes.
A name for the Spokane Valley facility has not yet been decided, but it will likely be called the Wellness Center at Central Park, Tampien said to The Spokesman-Review.
Construction on the apartment complex – which is estimated to cost about $20 million – is slated to begin in the fall, Tampien said.
The transaction is expected to close by June 30, with Tampien slated to take over operation of the Spokane Valley tennis club July 1, The Spokesman-Review reported.
Blevins was not immediately available for comment.
The sale of the Spokane Valley property allows the Spokane Club to continue its legacy and eliminate all of its debt, including a $3.3 million loan payment due in 2025 for its two properties, The Spokesman-Review reported.
By eliminating the loan, Spokane Club “will be in a much stronger financial position to begin making reinvestments into the downtown facilities,” Blevins wrote in the message to members.
The board of trustees initially listed a portion of the 9-acre Spokane Valley site for $1 million, The Spokesman-Review reported. While it received some interest in the property, it didn’t translate into any offers. The board then received an offer from Tampien, who expressed interest in the tennis club and the site.
The board’s decision to sell the property to Tampien was based on a presentation he made detailing plans for the site, The Spokesman-Review reported.
Tampien told The Spokesman-Review he will communicate with existing Spokane Club members to learn about the type of amenities they would like to see in the facility.
The facility offers group fitness classes, a new high intensity interval training studio, five courts for racquetball, handball and squash, six indoor tennis courts and four outdoor tennis courts, according to the Spokane Club’s website.
The building will undergo exterior improvements, followed by updates to the tennis facility and addition of more amenities, Tampien said.
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