New South Hill retail center to include regional grocery store
Developers plan this year to start on a South Hill retail center to include a regional grocery store along South Regal Street.
Property owner KXLY expects to start the project this year on the west side of Regal, according to the Southgate Neighborhood Council. As part of a review process, a public hearing will be held 5:30 p.m. Wednesday in the Spokane City Council briefing room at City Hall.
In December, a draft site plan and designs for the site’s nearly 17 acres were submitted to the city. The plan envisions a 48,000-square-foot grocery store – as yet unnamed – fronting Regal. Separate buildings would hold small- and medium-size retailers, and the neighborhood council said a drive-thru restaurant also is planned.
Additional retail buildings would be in a future phase of the development.
Work with the city would include the property owner’s agreement to build a new soccer field on KXLY property adjacent to a sports complex, reconfiguring a soccer field, and constructing a ribbon park and parking lot, planning documents show.
KXLY has entered into an agreement to buy a 2-acre city parcel adjacent to the north within the 17-acre complex design and will seek an easement for access from an intersection of Palouse Highway and Regal, according to plans. The city would set aside $300,000 from the property sale for trail development within the greater Southgate neighborhood.
Following a Target-anchored retail complex, the KXLY property is in a lineup of commercial activity under developer agreements with the city for an overall 45-acre mixed-use district. The developer agreements call for pedestrian- and bicycle-friendly spaces.
Maverik plans Sullivan Road store
Land along Sullivan Road recently sold to Maverik Inc., which plans to build a gas station and convenience store there.
Maverik, a Salt Lake City-based company, has filed a building permit with the city of Spokane Valley to build the $3.1 million store at 2702 N. Sullivan Road, at the northwest corner of Sullivan and Marietta Avenue.
In December, Sullivan Road Business Park LLC, of Spokane Valley, sold the 2.7-acre property to Maverik for $625,000. Don Huddleston, of Village Square Realty Inc., was the broker who assisted both parties.
Riverside Avenue building sold
An investment buyer has purchased a downtown Spokane building, at 518 W. Riverside Ave., for $1 million. The building is just west of Dodson’s Jewelers.
Spokane-based WRAP LLC sold the 11,200-square-foot property to the company, 518 W. Riverside Partner LLC, of Spokane. Colin Conway and Ron Horton, both of Kiemle & Hagood, represented the seller. Kevin Edwards, of Hawkins Edwards, assisted the buyer.
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