After owning and operating Apex Cannabis shops in Moses Lake and Otis Orchards, Troy and Stacey Peterson had a vision for Shop No. 3.
They wanted a flagship location in Spokane between downtown and Northtown Mall, near Gonzaga University, Stacey’s alma mater. However, securing real estate on lower Division Street proved challenging.
Their solution turned out to be a dilapidated circa-1900 building just south of Mission Avenue, which ended up requiring 18 months of major interior and exterior work to transform into Apex Plaza before officially opening in December.
“We ended up purchasing a building 10 times larger than we needed, along with a lot with an old home,” Stacey Peterson said. “It would have been cheaper to tear everything down, but we did get to save a cool old building.”
As the general contractor as well as owners, the Petersons began the process by shoring up the 15,500-square foot building with