Coeur d'Alene Manor
A Conceptual 10.8 Acre Independent Living and Assisted Living Development in Coeur d'Alene, ID
The Opportunity
Dorris Development has recently listed 10.86 acres of land in Coeur d'Alene, ID, with The Zett Group. This land is already zoned for commercial development, and has the existing infrastructure in place for a large senior housing development. Despite the large amount of demand in Northern Idaho for senior housing, there is virtually no product that is brand new. This presents a huge opportunity for a prospective buyer to make their mark in an outstanding market such as Coeur d'Alene, ID for years to come.
The owner is looking for a strategic partner to come into the land LLC for an allocation of the total land value. Next, the partnership will agree to subordinate the land in order to get funding for the vertical construction. The ideal partner will have deep operational understanding of the senior housing space and have demonstrated a development track record, to become the majority owner in this project.
