Greenstone Corp., of Spokane, has started work on the first phase of a mixed-use development project at 44th Avenue and Regal Street on the South Hill, southwest of the former KHQ-TV building.


Crews are doing site work and laying footings and foundations for 132 apartment units, says Jim Frank, president of Greenstone. Eventually, the development will include a 228-unit apartment complex and 65 single-family homes, he says.


The apartment complex will be called The Adirondack Lodge and the single-family home development will be called Adirondack Village.


Plans for the 38-acre property also call for three office buildings along Regal.


Adirondack Lodge will offer one-, two-and three-bedroom apartments ranging in size from about 800 square feet to 1,200 square feet of floor space and renting for between $625 and $850 a month. The first apartments are expected to be ready to occupy by next March.


The single-family homes will range in size from 1,200 square feet to 2,000 square feet, and prices will be between $140,000 and $180,000. Construction is scheduled to begin this fall, and Frank estimates that all of the homes will be completed within three years.


The development will include a 4,000-square-foot clubhouse, a pool, and a small park, Frank says.


Frank and Educational Service District 101 bought the property from Cowles Publishing Co., of Spokane, nearly two years ago, just before KHQ-TV moved into a new facility downtown. Greenstone remodeled and expanded the television station to serve as ESD 101s instructional-programming broadcast center.