August 18, 2005 in Business

‘Urban village’ project hits the Internet

By The Spokesman-Review
 
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Background and the latest updates

People interested in more information about a high-profile development just north of downtown Spokane can visit a Web site just posted by the property owner.

The 77-acre Kendall Yards project is touted as an “urban village” that will include 1,000 residential housing units and up to 1.5 million square feet of commercial space. Developer Marshall Chesrown bought the property this year for $12.8 million at a Metropolitan Mortgage & Securities Co. bankruptcy auction.

The project’s Web site shows roughly where retail and residential development and Centennial Trail connections are planned. It also includes some history of the area, a brief biography of Chesrown and maps.

The site lists Tom Reese as the contact person. Reese formerly served as the city of Spokane’s economic development adviser before going to work for Chesrown as project manager.

The downtown Spokane office for the project will be at 110 N. Post Street, in a building Chesrown recently purchased.

The property stretches west from the Monroe Street Bridge to a point that juts out from the north bank of the Spokane River directly across from High Bridge Park.

Past news reports have said that Chesrown would like to develop a wide boulevard stretching west from Monroe Street at about Bridge Avenue.

On the Web site, a main thoroughfare is shown extending west from Monroe Street. The site shows retail just west of the Monroe Street Bridge for a block, on the north and south side of that main street. Additional retail space is shown about three blocks west of the Maple Street Bridge, primarily at intersections.

Chesrown has said in the past that initial commercial development would be retail because of downtown Spokane’s glut of office space.

He also has said residential properties would include condominiums and townhouses.

The Web site shows multifamily and attached single-family housing covering most of the property. Multifamily units are shown mostly on the south side of the property and single-family housing, on the north side.

Neither Chesrown nor Reese responded to requests for comment.

The Web site also shows a Centennial Trail connection running across the Post Street Bridge and along the southern perimeter of the property, continuing to, and connecting with, the Sandifur Memorial Bridge in High Bridge Park. The trail then continues on to the northwest. Trail spurs are also shown extending north into the development in four places.

The Web site includes historic information regarding the name of the development as well. It says that before Spokane’s founders reached Spokane Falls, they came across a small community called Kendall’s Bridge, which connected the north and south banks of the river.

It does not say whether that property was in the location of the proposed development.

“This early establishment nearly became the site for the city of Spokane, but the forefathers felt it would be difficult to gain access to Kendall’s claim and decided to continue west,” the Web site says.


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