The city of Boise put several conditions in its agreement to trade most of a 6.5-acre lot it owns in Boise's West End to LocalConstruct, the Los Angeles-based developer that turned Downtown Boise's historic Owyhee Hotel into upscale apartments and office space.
Those conditions include requiring LocalConstruct to build transportation corridors, at least 50 housing units and at least 10,000 square feet of commercial space on the property.
In return, the city will acquire Spaulding Ranch, a historic ranch near the north end of Cole Road. The city's Parks and Recreation Department will involve the public and stakeholders, such as urban farming and historic preservation experts, in determining what to do with the ranch, Parks and Recreation Director Doug Holloway said.
LocalConstruct co-founder Mike Brown said it could take a year for his team to nail down the specifics of the West End project, which he and city leaders hope will spur further development in a decaying area. Besides this development, LocalConstruct is working on two apartment projects near Downtown.
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The scheduled closing date for the trade is April 1.