Construction is underway on a long-envisioned Beacon Hill housing development, following a $24 million commercial construction financing commitment from Dallas-based Sunflower Bank. 

The first phase of the development, which has already started, includes construction of The Vistas Townhomes & Apartments, which includes 140 apartments alongside 86 luxury townhome units.

Some townhomes will be available this fall, while the apartments are expected to wrap up in spring and summer of next year, says the project’s developer, Ryan Buth, of Nationwide Capital and Cityscape Development LLC, in an emailed statement.

“This partnership has been instrumental in bringing our vision for Beacon Hill to life,” says Buth in a press release. “Sunflower Bank didn’t just provide funding; they believed in our project and in Spokane’s potential from day one.”

The apartments and townhomes will offer a range of one-, two-, three-, and four-bedroom units.

The Vistas is part of a broader Beacon Hill Development, Buth says, which spans over 160 acres.

“With the capacity to accommodate a few thousand residents, Beacon Hill looks to set a new standard for mixed-use residential communities in the region,” Buth says. “The Beacon Hill community is centered around a lifestyle of wellness and activity, featuring direct access to golf, hiking, biking, and walking trails, with unparalleled sweeping views.”

He adds that the Beacon Hill community will feature a diverse mix of housing options, including single-family residences, cottages, stacked flats, condominiums, townhomes, multifamily, and affordable microhousing, along with a planned outdoor amphitheater park designed to showcase local musicians.

The second phase of work will include a 55+ community, with over 120 units designed for active adults, complete with a private community center and mixed-use retail spaces, Buth says.

A timeline for the second phase has not been provided to the Journal.

The Journal last reported on the Beacon Hill Development in 2022, when a water supply system was being installed at the site.

Developers told the Journal in 2021 that work was stalled due to pandemic-related construction slowdowns.

Sunflower Bank, which is providing financing for the project, first established a presence in Spokane in 2019 through its Guardian Mortgage home loan division, which rebranded under the Sunflower Bank name in 2025.

“Sunflower Bank is committed to community growth, which is why we are investing in this innovative residential development,” says Josh Martin, director of mortgage loan sales at Sunflower Bank, in a press release. “We’re proud that our support is playing a vital role in revitalizing the Hillyard neighborhood while providing high quality housing opportunities for Spokanites.”

In 2021, due to the bank’s significant local mortgage loan customer base and to support its future growth, Sunflower Bank received regulatory approval to register its 239 W. Main office, in downtown Spokane, as a licensed depository branch. Since then, the bank has continued to expand its mortgage lending, private banking ,and wealth management services in Spokane.

This fall, Sunflower Bank plans to enhance its local office space by consolidating two current locations into a newly renovated space at 244 W. Main.