A real estate development company owned by Spokane oncologist Dr. Arvind Chaudhry has updated its plans to develop a medical office building that will hold a cancer clinic in Spokane Valley.

The project would involve construction of a two-story, 21,700-square-foot structure at 13424 E. Mission that tentatively is being called Spokane Valley Cancer Care Center, according to an application under environmental review by the city of Spokane Valley. The development company, A.C. Investments LLC, bought the parcel in late 2010 for $500,000, Spokane County records show.

A.C. Investments initially had envisioned starting the project last year, a commercial real estate broker said at the time of the sale.

The city of Spokane Valley has indicated it expects the project will pass environmental muster, which would allow the developer to obtain a building as early as this month.

The project site is at the southwest corner of Mission Avenue and Blake Road, about a half mile east of Valley Hospital.

Chaudhry, a principal in Spokane-based Medical Oncology Associates PS, declines to comment on the project, as does the project architect, Denny Christenson, of Denny Christenson & Associates Inc., of Spokane.

McCloskey Construction Inc., of Colbert, is the contractor on the project.

A project value isn't listed for the project yet, says Mike Turbak, permit specialist for the city of Spokane Valley. The planned structure, however, is somewhat larger than a $3.6 million, 15,000-square-foot medical office building designed by Denny Christenson & Associates and erected in 2010 by McCloskey Construction at 9708 N. Nevada.

The structure would rival in size a 20,000-square-foot medical office project planned just southeast of Valley Hospital by Spokane-area cancer treatment provider Cancer Care Northwest PS. That project, to be called Cancer Care Northwest Valley Center, has a construction budget of $5.5 million and an equipment budget of more than $3 million. Construction is expected to begin this spring.

A.C. Investments developed Medical Oncology Associates' main clinic at 6001 N. Mayfair, on Spokane's North Side, in 2007. The medical practice also has an office on the ground floor of the Sacred Heart Doctors Building, at 105 W. Eighth, and satellite offices in Colfax and Colville.