Preliminary plans on file with the city of Spokane show the first floor of downtown Spokane’s former Sterling Bank building could soon be converted into a multitenant “food hall” restaurant space to be called Market Hall Eatery, following a renovation project with an estimated cost of $1 million.

The four-story, 19,000-square-foot building located at 111 N. Wall has housed several banks in its first-floor space, the most recent of which was Oregon-based Umpqua Bank.

Umpqua moved its downtown location to the Crescent Building at 707 W. Main, in 2016. That fall, the building was sold to Seattle-based investment and development company Alexander Goods Depot LLC for $6.5 million.

Rob Brewster, of Seattle-based InterUrban Development, is a local partner in Alexander Goods Depot. The other partner is Confluent Development, of Denver.

Brewster, a Spokane native, has developed various projects here over the years and is currently working on restoring the McKinley School in the East Central neighborhood.

Brewster couldn’t be reached for comment on the food hall project, and a spokeswoman for Confluent Development declined to disclose further details of the project.

Predevelopment plans on file with the city, however, show the building’s upper floors would remain as office space, while its first floor would be remodeled into the Market Hall Eatery.

Project manager Luke Grimsrud, of Spokane-based Uptic Studios Inc., says Bouten Construction Co., of Spokane, is the contractor, although the project is still in the early stages of design, and a construction schedule has yet to be determined.

The predevelopment application shows construction would take place in two phases. The first phase would include demolition of the first floor’s former bank space, which would be converted into a 14-tenant food hall with two shared commissary kitchens and new restrooms.

The second phase would be the building’s exterior renovation, including removing columns and awnings, and replacing them with a wall and steel awnings. Plans show construction is expected to begin in the spring.

While it’s unclear whether any tenants have been confirmed for the space, the plans list a doughnut shop, a taqueria, “The Vault” lounge, a brunch diner, a ramen house, a burger joint, and a grocer, along with ice cream, sandwich, coffee, and flower vendors.