Spokane Journal of Business

Next Kendall Yards project is in the works

Greenstone Corp. envisions two mixed-use buildings with a $20M total value

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Liberty Lake-based Greenstone Corp. has its sights set on its next two Kendall Yards developments with plans for two new mixed-used buildings on Summit Parkway.

A representative of the project couldn’t be reached immediately for comment. 

At 1102 Summit Parkway, just west of My Fresh Basket grocery store, Greenstone is planning a three-story mixed-use building. 

Dubbed the Flatiron, the structure will have retail space on the ground floor with the upper floors hosting four lofts apiece, for a total of eight living units.

As proposed, the envisioned building would total 13,000 square feet and have a total construction value of $5 million, according to a predevelopment application on file with the city of Spokane.

The building is expected to be built using wood-frame construction.

Seattle-based Shoesmith Cox Architects PLLC is designing the structure, records filed with the city show.

Just west of the envisioned three-story, mixed-use facility, Greenstone also is planning a five-story mixed-use facility with 41 rental units on four floors and a ground floor that will have restaurant or retail tenants.

The five-story building has a construction value of $15 million and is being designed by Bernardo-Wills Architects PS, of Spokane, according to predevelopment notes.

The L-shaped structure is planned to be located just east of Craftsman Cellars, Core Pilates & Wellness, and French Toast Boutique.

Predevelopment notes indicate Jefferson Lane, located between My Fresh Basket and Craftsman Cellars, would be closed for 12 to 14 months to accommodate a crane during construction.

According to preliminary plans, construction of both new structures is expected to begin this spring.

Altogether, the new structures are planned to add 49 new residential units to Kendall Yards.

No contractor is indicated on the plans for either project.

The parcels, totaling just under an acre of land, were purchased by Frank Family Investments LLC in early December 2018 for $880,000, according to Spokane County Assessor’s data.

Natasha Nellis
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Reporter Natasha Nellis joined the Journal in May 2018 and covers real estate and construction. Natasha is an avid reader and loves taking photos, traveling, and learning new languages.

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