Liberty Lake-based Greenstone Corp. is continuing to develop Kendall Yards mixed-use development northwest of downtown at a steady pace, recently airing predevelopment plans to construct a $6 million, 56-unit apartment complex, says Jim Frank, Greenstone's CEO.
The complex will be called Highline West Apartments, Frank says. It will be located on a 1.5-acre parcel of land at the southeast corner of Bridge Avenue and Oak Street, he says.
The project site is west of Maple Street, where Maple runs under Summit Parkway north of the Spokane River. Summit will be the main east-west boulevard through the 78-acre Kendall Yards development when the road is completed.
Ponderosa Ridge Homes LLC, Greenstone's construction arm, is the contractor on the Highline West project, and Greenstone designed it.
Highline West Apartments will be a sister complex to the larger, 84-unit Highline Apartments complex, which is just east of the Maple Street underpass. That $9 million complex, originally proposed as Bridgeway Apartments, has been under construction for nearly a year.
The Highline West complex will include eight apartment buildings with five to 10 living units in each building, Frank says.
Most of the apartments will be two-bedroom units with 1,100 square feet of living space, he says.
Based on that size, units will rent for $1,100 to $1,374 a month, he says.
The luxury units with views of the Spokane River gorge will be ready to occupy starting next summer, Frank says.
Greenstone also recently started construction of the $3 million Highline Lofts structure, which Frank describes as a residential-over-retail project at 1209 Summit, east of the other Highline projects. Highline Lofts will be a three-story, 27,000-square-foot structure with up to six retail units on the main floor and 24 studio and one-bedroom residential apartments on the second and third floors.
The company also obtained building permits earlier this month to begin construction of 28 townhome units along Summit and Bridge, west of the Highline complexes.
As reported, Greenstone plans to sell the townhomes for $180,000 to $420,000 each.
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