An affiliate of Liberty Lake-based real estate development company Greenstone Corp. is proposing to construct an apartment complex with 84 living units, which would be the first rental residential units to be built within the Kendall Yards urban village.

The city of Spokane is reviewing building permit applications submitted by the affiliate, Bridgeway Apartments LLC, to construct four three-story, 16-unit structures, which would have a combined value of about $7.8 million.

Greenstone CEO Jim Frank says Bridegway Apartments also would include two three-story, 10-unit apartment buildings under a separate application.

Altogether, the complex would be valued at about $9.5 million, Frank says.

The Bridgeway Apartments complex would be located on a 2.7-acre parcel bordered by Maple and Cedar streets, and Summit Parkway, where the units would overlook the Spokane River gorge with views including the Maple Street and Monroe Street bridges, he says.

Frank says Bridgeway Apartments hopes to begin construction within 30 to 60 days, so that the project can be completed by the spring of next year.

Each of the 16-unit structures would have 12 two-bedroom units, two three-bedroom units, and two one-bedroom units, Frank says.

All of the apartments in the 10-unit building would include two bedrooms, he says.

Ponderosa Ridge Homes LLC, a Greenstone construction arm, will be the contractor on the project, if it's approved, and Spokane architectural firm Nystrom Olson Inc., designed it.

The Spokane office of Seattle-based DCI Engineers is the structural engineer.

Greenstone acquired the 78-acre Kendall Yards property northwest of downtown in 2009 and announced plans to develop 1,000 residential units and 600,000 square feet of commercial space there within 15 years.

Since then, 110 residential units have been built and either sold or are under construction at Kendall Yards, Frank says.

On the commercial side, the 5,200-square-foot, $1.5 million Cedar Plaza commercial building is under construction at 1335 W. Summit Parkway, justsoutheast of the planned Bridgeway Apartments site.

Also in Kendall Yards, Greenstone has on the drawing boards two attached 13,000-square-foot commercial buildings, valued at $1.2 million each, that are to be erected at 1237 W. Summit.

Tenants in the commercial buildings will include Spa Paradiso, a Spokane health and beauty salon; The Pacific Northwest Inlander, a free weekly alternative newspaper; and a restaurant that's to be called Central Food.

Those buildings are expected to be finished early next year. Inlander Publisher Ted McGregor Jr. has said the newspaper plans to move in next February.