Liberty Lake-based real estate development company Greenstone Corp. has submitted building permit applications for 28 town-house units in the Kendall Yards urban village development northwest of downtown, says Drew Benato, manager of Greenstone's single-family home division.

Four units will be located on the south side of Summit Parkway, east of Elm Street, and the rest will be in a roughly six-block area along Summit and Bridge Avenue west of Elm and east of Nettleton Street, Benato says.

Also, Greenstone likely will submit applications for another 30 residential units in that area by late summer, he says. That would bring the total number of homes built or under construction in Kendall Yards to nearly 200, not including the 84-unit Bridgeway Apartments complex currently under construction along Summit east of Maple Street.

The planned townhomes will be priced from $180,000 to $420,000, Benato says. They will have two to four bedrooms and 1,300 to 2,400 square feet of living space.

Benato says the town-house units built so far have been selling quickly, and 100 of them are currently occupied.

"The market has picked up since the beginning of the year," he says.

Greenstone affiliate Ponderosa Ridge Homes LLC is the contractor on the planned townhomes, and the floor plans were designed in house, Benato says.

Construction will begin this month, and townhomes are scheduled to be ready for occupancy by next spring, he says.

In another part of Kendall Yards, Greenstone has submitted a building permit application to construct a $3 million mixed-use building to be called the Highline Lofts.

As previously reported in the Journal, that structure is planned as 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 structure would be located at a newly created address, 1209 Summit Parkway, which is on the north side of Summit, east of Cedar Street. Greenstone plans this summer to extend Summit east to Monroe Street from its current terminus at Cedar Street. Summit, when fully developed, is planned to be the main boulevard running east and west through the 78-acres Kendall Yards development.

Continental Contractors Inc., of Nine Mile Falls, is the contractor on the Highline project, and Pacific Design Group of Washington PS, of Spokane, designed it.

Jim Frank, Greenstone CEO, says the company plans to market the Highline project more actively to prospective commercial tenants once construction begins.

"We do have a couple of people interested and talking," he says of the planned commercial space.

Frank says he expects work on the Highline project construction to begin within 60 days.