Spokane condos
Major developments continue forward in Spokane, Washington. 'Two major residential projects in downtown Spokane are moving forward.
On Thursday, the YMCA announced its building will be sold and demolished for a 14-story condominium tower.
Meanwhile, a massive, 80-acre development north of downtown Spokane has been given the green light by Mayor Dennis Hession despite concerns raised by city and state planners.
Hession said Kendall Yards is the largest project of its type the city has ever seen. The Spokane Area Economic Development Council has estimated the 20-year residential and commercial project, intended to build 2,600 residences downtown, will ultimately have an economic impact of $3 billion.
"I committed to becoming involved in this project because it is the most substantial project that has ever occurred in the city of Spokane," Hession said, noting that the developer has verbally agreed to address the issues raised by planners.
"You have to remember that this project is very unique in that it is a huge project within the central core of the city," he added.
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The Kendall Yards project application has been declared "technically complete." That means it's been scheduled for a public hearing before the hearing examiner, who has final say to approve or deny it.
The mayor's actions had a Washington State Department of Transportation planner wondering whether traffic concerns would be fully addressed.
"I was made aware that the city has deemed the Kendall Yards project technically complete without the traffic issues that we had discussed at our June 6th meeting being addressed or mitigation being proposed," wrote Greg Figg, a WSDOT planner, in an e-mail to the city's traffic engineer.
"This is a significant concern to us given the traffic volumes that will be added to the Maple/Ash I-90 ramp terminals," he said.
In the YMCA deal, a developer will pay the group $5.3 million for its property in Riverfront Park on the Spokane River.
Developer Mark Pinch is proposing a $50 million tower with up to 80 residential units and two levels of parking.
The condominiums would start in the $300,000 range, he said.
"We're going to develop that as good stewards of the park and good stewards of the river and provide Spokane with a dynamite project," Pinch said. "At the same time, we'll provide people who aren't residents in those homes with great access and great views."
The purchase and sale agreement, announced Thursday by Pinch and YMCA President Rig Riggins, allows the YMCA to move closer to its goal of co-location with the YWCA on 3.5 acres the YWCA announced Wednesday it planned to purchase.
The announcement also triggers the Spokane Park Board's 30-day right of first refusal to purchase the YMCA property, which it plans to exercise. What remains to be seen is how the park board would raise the money to match the $5.3 million offer by July 28.
"We would like that piece of property as part of the park, not as a high-rise building," said Ron Rector, vice president of the Park Board. "We just feel it should be part of the park and part of the view. It's got the best view of the river."'
Spokane condos
On Thursday, the YMCA announced its building will be sold and demolished for a 14-story condominium tower.
Meanwhile, a massive, 80-acre development north of downtown Spokane has been given the green light by Mayor Dennis Hession despite concerns raised by city and state planners.
Hession said Kendall Yards is the largest project of its type the city has ever seen. The Spokane Area Economic Development Council has estimated the 20-year residential and commercial project, intended to build 2,600 residences downtown, will ultimately have an economic impact of $3 billion.
"I committed to becoming involved in this project because it is the most substantial project that has ever occurred in the city of Spokane," Hession said, noting that the developer has verbally agreed to address the issues raised by planners.
"You have to remember that this project is very unique in that it is a huge project within the central core of the city," he added.
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The Kendall Yards project application has been declared "technically complete." That means it's been scheduled for a public hearing before the hearing examiner, who has final say to approve or deny it.
The mayor's actions had a Washington State Department of Transportation planner wondering whether traffic concerns would be fully addressed.
"I was made aware that the city has deemed the Kendall Yards project technically complete without the traffic issues that we had discussed at our June 6th meeting being addressed or mitigation being proposed," wrote Greg Figg, a WSDOT planner, in an e-mail to the city's traffic engineer.
"This is a significant concern to us given the traffic volumes that will be added to the Maple/Ash I-90 ramp terminals," he said.
In the YMCA deal, a developer will pay the group $5.3 million for its property in Riverfront Park on the Spokane River.
Developer Mark Pinch is proposing a $50 million tower with up to 80 residential units and two levels of parking.
The condominiums would start in the $300,000 range, he said.
"We're going to develop that as good stewards of the park and good stewards of the river and provide Spokane with a dynamite project," Pinch said. "At the same time, we'll provide people who aren't residents in those homes with great access and great views."
The purchase and sale agreement, announced Thursday by Pinch and YMCA President Rig Riggins, allows the YMCA to move closer to its goal of co-location with the YWCA on 3.5 acres the YWCA announced Wednesday it planned to purchase.
The announcement also triggers the Spokane Park Board's 30-day right of first refusal to purchase the YMCA property, which it plans to exercise. What remains to be seen is how the park board would raise the money to match the $5.3 million offer by July 28.
"We would like that piece of property as part of the park, not as a high-rise building," said Ron Rector, vice president of the Park Board. "We just feel it should be part of the park and part of the view. It's got the best view of the river."'
Spokane condos
posted by M.L.D. at 9:00 PM
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