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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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
December 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
November 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
November 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
Amid cleanup dispute, project could have new developer
August 19, 2009 in City on Page A1 An $8 million legal dispute has erupted over the bill to clean up pollutants at Kendall Yards, the stalled housing and business project along the north bank of the Spokane … 1
Centennial Trail advocate talks about gaps, priorities and funding
July 6, 2009 in City on Page A5 Two decades after the ground was broken on Spokane’s most popular bike and pedestrian pathway, several stretches of the 37-mile Centennial Trail remain incomplete. The largest gap, between Riverfront Park …
Project manager leaves Kendall Yards
November 13, 2008 in Business on Page A8 The manager quarterbacking Spokane’s largest development project, Kendall Yards, has left to look for a different job. Former project manager Tom Reese said his work with Kendall Yards ended Oct. …
At Kendall Yards, progress is slow
August 21, 2008 in City on Page A1 At 78 acres of mostly bare dirt, the site of the proposed Kendall Yards development overlooking the Spokane River is a conspicuous piece of real estate. After all the attention …
Parking garage considered for Davenport District
May 2, 2008 in Business on Page A10 A 250-stall downtown parking garage under consideration by Spokane Partners LLC could help alleviate parking headaches for theater and restaurant patrons in the Davenport District. The company, which owns much …
Council votes to repave Bridge Avenue
April 15, 2008 in City on Page B2 The one-block street that is the closest link between the Monroe Street and Post Street bridges will be repaved. The Spokane City Council voted 5-2 Monday to move ahead with …
Developers object to impact fee plan
April 11, 2008 in Business on Page A12 Proposed traffic impact fees would cost the developer of Kendall Yards millions of dollars and jeopardize deals on the former Empire Ford building in downtown Spokane, representatives of the development …
Black Rock abandons sales office
February 29, 2008 in City on Page B1 Black Rock Development is scrapping its downtown Spokane sales office for Kendall Yards, even before the office opened to the public. But that doesn’t signal a shift in outlook for …
In brief: Kendall Yards liaison post cut
February 19, 2008 in City on Page B3 Spokane Mayor Mary Verner has eliminated the position of the city’s designated contact person for Kendall Yards developers. Cody George, economic adviser, was informed earlier this month that he will …
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Construction crew helps put out brush fire
July 13, 2007 in City on Page B2 A small brush fire on the hillside off Summit Boulevard didn’t have a chance to get bigger Thursday because a construction crew from the nearby Kendall Yards project rushed over …