January 8, 2007
Post Falls Company Works on Jobs Worth $12 Million
By Wilson, Rocky
Steel Structures of America Inc., of Post Falls, has six building projects under way in North Idaho and Spokane Valley that have a combined value of nearly $12 million.The company erects steel buildings and wood-frame buildings with metal siding, says Justin Sternberg, co-owner of the business along with his brother, Shawn Sternberg.
Steel Structures is constructing two office-warehouse complexes in Hayden, Idaho, for separate owners; a sixbuilding complex in Rathdrum, Idaho, for Specialty Recreation Inc., of Coeur d'Alene; and three mini-storage facilities, in Post Falls, Rathdrum, and Spokane Valley.
"This is a really good year for us," says Justin Sternberg, who declines to disclose company revenue figures.
Steel Structures is constructing one of the Hayden office warehouse complexes, at 10183 Aero Drive, for HBP Enterprises LLC, of Hayden. It will include two 16,000square-foot wood-frame buildings with metal siding, Sternberg says. HBP plans to sell condominium spaces in those buildings. That project is expected to cost about $2.4 million, and the buildings will be occupied by as many as 16 tenants, he says.
Work on that project began in August and is expected to be completed by March, Sternberg says.
The other office-warehouse complex Steel Structures is erecting in Hayden is at 2195 Dakota. and is for Dakota Park Inc., of Coeur d'Alene. That about 52,000-square-foot complex will include four buildings, ranging in size from 12,000 square feet to 14,000 square feet of space, which Dakota Park will sell as condominiums, Justin Sternberg says. The total construction cost of those buildings is about $2 million, he says.
An estimated 20 tenants will occupy those buildings, says Sternberg. Work began on the project earlier this month and is expected to be completed by May.
In Rathdrum, at 50435 N. Highway 95, Steel Structures is erecting six buildings with a total of about 60,000 square feet of floor space for Specialty Recreation, which plans to begin a satellite operation there, he says. Specialty Recreation is a recreational- vehicle dealership that sells boats, all-terrain vehicles, and motorcycles. It will use four of the structures to store boats and will lease two of the buildings for office purposes, Sternberg says.
The cost to build those structures is $1.5 million, he says. That project began in September and is scheduled for completion by March, he says.
Separately, Steel Structures is building more than 40,000 square feet of mini-storage space at the northwest corner of Seltice Way and Mcguire Road, in Post Falls, for partners Paul Cahill and Gary Crouch, both of Bend, Ore. Those 226 allsteel storage units, averaging between 100 square feet and 200 square feet in size, will cost about $2.2 million to build, says Sternberg. They will be completed in July, he says.
Cahill alone is developing another 220 mini-storage units at 13965 N. Ohio, in Rathdrum, for which Steel Structures is the contractor. Work on those units began in September and will be completed in December, Sternberg says. The total cost of that project is expected to be about $2.2 million, he says.
At a cost of $1.3 million, Steel Structures also is adding 169 mini-storage units to the 220-unit Veradale Mini Storage, at 16714 E. Sprague, in Spokane Valley. That business is owned by Gary Tretz, of Worley, Idaho. Sternberg says that project also will include construction of a 1,000-square-foot office building.
Copyright Northwest Business Press Inc. Nov 22, 2006
(c) 2006 Journal of Business; Spokane. Provided by ProQuest Information and Learning. All rights Reserved.