In an interview with The Spokane Journal of Business regarding his last 100 days in office, Mayor David Condon cites Wonder Spokane developer Peter Mounsey as evidence of a local economic and development renaissance:

Condon points to developer Peter Mounsey, who heads Wonder Spokane LLC, which converted the former Wonder Bread bakery building at 821 W. Mallon into mixed-use space, as one of those examples.

“I would suggest the return (here) is still lower than what they see in other markets, but the barrier of entry is much lower and more sustainable over time,” he says.

Adds Condon: “Let’s be honest. His focus has been Denver for what, the last 30 years? He left after high school or college, and to see him come back into town is a sign that investors see a much more consistent and programmable return.”

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(Photo Credit: Kevin Blocker / Spokane Journal of Business)