When developer Marshall Chesrown purchased 77 acres of real estate near downtown Spokane in 2004, a vision was born. Kendall Yards would be a mixed-use “urban village,” drawing residents to the heart of the city and boosting business. After several years of groundwork and financing setbacks, new developers have taken over the project.
Plans emerged in 2006 for a major development on the land, purchased during Metropolitan Mortgage & Securities Co.’s bankruptcy auction. The initial proposal for the site north of the Spokane River and west of Monroe Street showed high-end residential units; up to 1 million square feet of office and retail space; high-rise buildings; and Centennial Trail connections.
Developers completed a
costly environmental cleanup and drew up plans to handle a surge in traffic. Residents of West Central and other neighborhoods voiced concerns and support. And in September 2006, the city examiner approved Kendall Yards. The City Council would later OK special tax financing despite prominent objections.
As the economy began to falter in 2008, the project ground to a halt. Chesrown closed the downtown Kendall Yards offices, and the site was used for parking.
In late 2009, home builder Greenstone Corp. bought the property and promoted scaled-back plans that kept the mixed-use philosophy but reduced the number and cost of the housing units. Work on those units began in April 2010.
The development may deliver a full-service grocery store by Thanksgiving 2012. One to three office buildings and more housing also are planned next year. Greenstone is working with city officials to reduce long-term parking on streets in commercial portions of Kendall Yards and to extend the Centennial Trail through the project.
Updated Sept. 29, 2011.
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Work begins on missing Centennial Trail link
June 7, 2012 in City on Page A5 Twenty years after the Centennial Trail opened in the Spokane area, work has started on what has always been considered a key missing piece: the two miles running west from … 9
Spokane chef plans first restaurant for Kendall Yards
June 6, 2012 in Business, City, Food Spokane chef David Blaine said he will open the first restaurant in the new Kendall Yards development near downtown. Blaine, who has worked in area restaurants for more than 20 … 26
Next Kendall Yards phase begins
April 10, 2012 in Business on Page A8 The company developing Kendall Yards has started construction of the first commercial building and is finishing plans for a second as it tackles the next phase of Spokane’s largest mixed-use … 2
Grocery store proposed for Kendall Yards
City votes to amend Kendall Yards deal
Aug. 10, 2011 in City on Page A8 Tax subsidies will flow to Kendall Yards even if the developer of the 78-acre project does not seek public bids on construction of streets, sewers and other public infrastructure, as … 1
Bidding issue complicates Kendall Yards agreement
April 29, 2011 in City on Page A1 Developers of the highly anticipated Kendall Yards project violated an agreement with the city that allows the project to receive tax subsidies to build streets, sewers and other infrastructure. Greenstone … 28
Parking garage planned near courthouse
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Kendall Yards developer expects residential units by year’s end
July 16, 2010 in Business on Page A14 Work on 60 residential units at Kendall Yards in Spokane will be completed or ongoing by the end of the year, developer Jim Frank said. Of the 18 condominiums, townhouses …
Construction starts on Kendall Yards
Kendall Yards gets new life
April 23, 2010 in Business on Page A8 Greenstone Corp. on Thursday revived the Kendall Yards development on the north bank of the Spokane River. The first 18 units of the $25 million residential and commercial project should … 4
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Editorial: Property tax incentives will pay off in long run
March 18, 2010 in Opinion on Page A9 In the endless carrot vs. stick quandary, there was good news this week for those who favor carrots. As expected, the Spokane City Council approved a property tax exemption for … 4
Tax exemptions OK’d for Kendall Yards
Kendall Yards tax benefit sought
March 13, 2010 in City on Page A1 Owners of nearly 300 residences in the Kendall Yards development won’t have to pay property taxes on the new structures for a dozen years under a proposal the Spokane City … 22
Kendall Yards given qualified approval for first phase of development plan
March 13, 2010 in Business on Page A1 Spokane Hearing Examiner Greg Smith on Friday approved the first phase of the revised development plan for Kendall Yards – but with a lengthy list of conditions. He also called …
Local economy didn’t escape the downturn
Dec. 27, 2009 in Business on Page E1 The economy cast a long shadow over everything in 2009. The recession and efforts at recovery set the scene for top business news in the Inland Northwest, from the shaky …
Scaled-back Kendall Yards plans offer better fit for Spokane
Nov. 15, 2009 in Business on Page E1 Greenstone Corp. last week closed a deal five years in the doing. And not a moment too soon for Spokane government and business officials weary of economic headwinds. 14
Kendall Yards buyer touts range of housing options
Nov. 12, 2009 in City on Page A1 A venerable home builder is bringing new hope to a stalled downtown Spokane development project. Greenstone Corp. has purchased the Kendall Yards property with plans to build a waterfront neighborhood … 24
Greenstone will pump $500 million into Kendall Yards