Posts tagged: Greenstone
The anticipated start of construction of the new Kendall Yards segment of the Centennial Trail started today, according to the Kendall Yards Facebook page.
This is part of the Greenstone company's commitment to make the mixed-use near-downtown development a fully integrated part of the riverbank on the north side of the Spokane River.
Phase one of the work goes from under the Monroe Street Bridge to the Osprey Nest Plaza, just west of Central Food.
The embedded video here was shot with Jim Frank, head of Greenstone.
Valentine's Day related business item. Spa Paradiso, last seen in the basement of the downtown Spokane Davenport Hotel, plans on reopening in a new location in Kendall Yards the end of April.
The full-service spa and salon has been closed since fall 2012. It originally hoped to open in a new commercial building in the Kendall Yards development on Dec. 1. Project managers however didn't finish the building that early.
The spa will take half of the 13,000-square foot two-story building due east of the Cedar Plaza building, which houses Central Food. The other tenant in the new building is The Inlander newspaper.
The building will be the second commercial building at Kendall Yards, a Greenstone multiuse development west of the Monroe Street Bridge and north of the river.
Co-owner Larry Schoonover said he'll start booking appointments in early April. The company will have around 35 employees.
They will lease about half of a 13,000-square-foot, two-story building due west of the new Cedar Plaza Building. A second unidentified tenant will take the other half of the space.
The new commercial building is part of the 78-acre Kendall Yards development, a project of Greenstone Corp. So far more than 140 residential units have been sold or are under construction
The SR and Spokesman.com featured a business story today on the rising hope that the area's housing market is coming back.
Today's Washington Post had the exact same idea today. Here's its take, which is nearly identical to the SR story, in terms of why people care about new home construction:
New homes are popping up in more and more neighborhoods around the country in recent months, offering one of the most promising signs yet that the nation’s long-suffering housing market is actually starting to heal.
The increase in new home construction is particularly encouraging because of the economic benefits that ripple out each time a construction crew breaks ground. The growing demand for new homes has put contractors back to work, helped shore up some municipal budgets and pumped money into local economies.
“When you create jobs again in the housing market, you create some multiple of those jobs elsewhere,” said Brad Hunter, chief economist at Metrostudy, a national research firm that tracks new home construction. “To build a house, you’re causing more demand for lumber, furniture, drapes, carpets, cement, steel, appliances . . . These are all industries that get stimulated by housing.”