Ten of the first 18 homes planned or under construction in the long anticipated Kendall Yards urban community have been sold, says Liberty Lake-based developer Greenstone Corp., which now owns the 78-acre site. It says it plans to start selling another 18 planned homes in August.

The homes sold so far, most of which will be townhouses, were priced at from $120,000 to $200,000, says Jayson Hunnel, Greenstone's director of marketing. Kendall Yards is on the bluff on the north bank of the Spokane River northwest of downtown.

Because the nine townhouses in the first 18 homes have sold better than the nine single-family homes, Greenstone is changing plans and will build a total of 12 townhouses in that group of residences, Hunnel says.

The townhouses range in size from 1,140 square feet of floor space to 1,744 square feet, and the single-family homes generally will be larger, with up to 2,155 square feet, he says.

The homes, some of which already are being framed, will front on the south side of Bridge Avenue between Oak and Elm streets.

"We've all seen dirt move there, but these are the first foundations and framings happening in Kendall Yards. It's exciting," Hunnel says of the mixed-use development that's been envisioned in several forms for a number of years before Greenstone bought the property last year.

Kendall Yards' first residents will move in this September, he says.

The next 18 homes to be built will front on the north side of Summit Boulevard between Oak and Elm, closer to the river, Hunnel says, adding, "We probably will work on them through the winter."

They will be priced about $20,000 higher than the first 18 homes, although their floor plans will be similar to those in the first group of homes, he says.

"Some will be view homes, and a couple of them will have unobstructed views of the Spokane River Gorge and downtown," Hunnel says.

Combined, the homes will represent roughly half of the 70-unit first phase of residential development planned east of Elm, and the other half will be constructed between the south side of Summit and the bluff overlooking the gorge.

In all, Greenstone plans to construct six residential phases with about 1,000 living units in various price ranges, 800 of which would be west of Maple Street. Also, it's expected the development will have about 600,000 square feet of commercial space, most of which will be in the district between Maple and Monroe streets.