Future Of Kendall Yards Comes Into Question

SPOKANE — A lawsuit filed in Kootenai County District Court has Marshall Chesrown’s Black Rock North project possibly facing foreclosure. The concern now shifts to one Chesrown’s other project in Spokane. 

Chesrown is the developer behind the Kendall Yards project north of the Spokane River in downtown Spokane.

In 2005, Chesrown bought the 80-acre tract of land to build, as he called it, an urban village, complete with 1,000 residential units with various retail shops sprinkled in.

City officials said Chesrown spent millions conducting traffic studies, putting in underground power lines and cleaning up the property, but he was several steps away from getting any building permits.

 In an e-mail from Scott Chesrown, Marshall Chesrown’s son, Scott said the project is on hold because of the economy. He said they have had some people interested in buying the land but no real offers have surfaced.

Scott Chesrown said the on-hold status attached with Kendall Yards has nothing do with Chesrown’s other property Black Rock North.