Downtown Boise condos. A 60-house subdivision. What’s coming to your neighborhood
The latest proposed developments, other construction projects and new businesses around the Treasure Valley:
Boise
The area between Miller Street, Lee Street and 11th Street south is “ripe for new development,” one developer says. That’s why the company has proposed turning several houses and a few parking lots into 30 new condominiums.
Boise-based Hawkins Co., representing itself and two other families, is seeking a re-zone of 2.4 acres from R-ODD (residential office with downtown design review) to C-5DD/DA (central business with downtown design review and a development agreement). That land covers 13 parcels in the vicinity of Miller Street, Lee Street and 11th Street South.
Boise’s Planning and Zoning Commission will hear the application at 6 p.m. Monday, Jan. 13, at Boise City Hall, 150 N. Capitol Blvd.
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Northern Land Development of Eagle is seeking a permit to build a 15-unit multifamily housing development at 4831 N. Five Mile Road. The project would consist of three two-story buildings with 586 square feet on each floor.
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The city of Boise is looking to amend the city’s development code to create a “South Boise Neighborhood overlay district,” which will sit to the south and east of Boise State University’s campus. The amendment, which would rezone 510 acres, would include limits on duplexes with more than three bedrooms and on off-site parking.
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6B Enterprises LLC, a gun retailer, leased 1,973 square feet at 11525 W. Fairview Ave. in Boise, reports Thornton Oliver Keller Commercial Real Estate.
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Eagle
Mustang 35, a company managed by real estate agent Mark Bottles, wants to build a 60-house subdivision on 30 acres on West Breanna Drive, north of the Flint Estates subdivision near Eagle High. Bottles had previously planned to build 77 homes in the subdivision.
Notable
Idaho has just chalked up another growth-related No. 1 ranking. Atlas Van Lines says the state earned highest share of inbound moves in 2019 of any state: 62.3%, vs. 37.7% outbound. Inbound moves topped 55% of Atlas’s Idaho moves every year since 2013.
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Brown’s Industries Inc., owned by Judd and Diane DeBoer and family, sold Evan’s Building Center at 931 W. State St. in downtown Eagle to Brandon Peterson and Tom Evans.
Brown’s Industries has operated the building materials and lawn and garden store, an Ace Hardware dealer, for nearly four decades. Brown’s Industries also owns and operates Brundage Mountain Resort near McCall and Salmon Rapids Lodge in Riggins.
The new owners say they will expand the store and rename it B’s Ace Hardware. Peterson and Evans own another B’s Ace Hardware store iat 10499 W. Fairview Ave. near North Five Mile Road in Boise.
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Boise is now tied for the 52nd most expensive city, among the nation’s 100 largest, for renting an apartment, according to Zumper, an apartment listing service. Boise was 55th one year ago.
The average two-bedroom apartment in Boise now rents for $1,140 a month, up 4.6% over the past year, and one-bedrooms average $1,000, up 4.2%, Zumper says.
Boise tied with Colorado Springs, Colorado; Raleigh, North Carolina; and Virginia Beach, Virginia. Among other cities in the Northwest and Intermountain West, Seattle ranks 8th, Denver 16th, Portland 24th, Salt Lake City 37th, Reno 47th, and Spokane 85th.
A competing apartment-listing service reports lower median rents than Zumper does. Apartment List says the median rent for a two-bedroom apartment is $951, compared with the national average of $1,192. The one-bedroom average is $741.
The two sites use different methodologies. Both consider their own and others’ listings, but Apartment List adjusts its data to correct what it calls “luxury bias” in apartment listings, while Zumper says it aims to reflect current market prices, not including prices paid by existing renters.
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This story was originally published January 8, 2020 at 5:00 AM.
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