Two real estate development companies recently obtained building permits to construct multifamily residential projects in Spokane Valley with a combined value of $35.5 million and a total of 365 living units, says Doug Powell, building official for the city of Spokane Valley.

Rudeen Developments LLC, of Liberty Lake, has started work as its own contractor on one of the projects—the 135-unit Mirabolante Apartments—valued at $14.8 million, Powell says. The project site is near the southwest corner of Broadway Avenue and Conklin Road, about a half-mile east of Sullivan Road.

HAL Valley Apartments II LLC, of Spokane Valley, is developing the other project, the $20.7 million, 230-unit Granite Pointe 2 Apartments, on Mansfield Avenue, north of Interstate 90, Powell says, adding that work hadn't started there as of last week.

The Mirabolante Apartments project site is located on a 10-acre parcel of land at 16102 E. Broadway.

Kevin Rudeen, CEO of Rudeen Developments, says units at Mirabolante Apartments will have one to three bedrooms and range in size from 750 to 1,300 square feet of living space.

The company hasn't released a schedule of monthly rents for the units yet, but Rudeen says rents will be set at market rates.

Mirabolante Apartments will include seven three-story apartment buildings with 12 to 18 units each and four two-story, two-unit structures, the building permits show.

The complex also will include a 4,100-square-foot, two-story recreation facility with a resident manager's living quarters, and a 1,100-square-foot storage building.

Last summer, the Spokane City Council approved a land-use zone change requestedfor the Mirabolante parcel by the former ownership group, Arger Conklin LLC, of Spokane Valley. Arger Conklin sold the parcel in October for $1.6 million, Spokane County Assessor's records show.

A development agreement that remains in effect with the city of Spokane Valley says the main access to the complex will be from Broadway, and a secondary access will link the development to Conklin.

As for the Granite Pointe 2 Apartments, Powell, the building official, says he doesn't know when work will start on that project. Bill Lawson, a principal of the HAL Valley development company, couldn't be reached for comment.

The Granite Pointe 2 project site is located at 12925 E. Mansfield, a few blocks east of Pines Road. The 8.6-acre site is on the north side of Mansfield Avenue, just east of the 144-unit initial Granite Pointe Apartments complex that was built in 2008.

HAL Valley had obtained permits for a similar project at that site a few years ago, but the developer put the project on hold to wait for the market to improve, Powell says.

The new permits will expire in two years if the developer doesn't begin construction by then, he says.

The permit documents show the complex will include 10 three-story apartment structures, each with 18 to 24 living units. Also approved as part of the project are a two-story, 8,600-square-foot recreation building and six ground-level garage structures with a total of 38 parking stalls.

The permits show HAL Valley will act as its own contractor on the Granite Pointe 2 project, and Wyatt Architects & Associates PLLC, of Spokane Valley, designed it.