Subdivisions. Apartments. Redevelopment around Karcher Mall. What’s coming near you
The latest proposed developments, other construction projects and new businesses around the Treasure Valley:
Nampa
Rhino Investments, the Livermore, California firm that is redeveloping Karcher Mall, applied for a conditional use permit to build new apartments on the site. The apartments would be split across 12 buildings with 8 units each on three floors, or 24 units per building, for a total of 288 apartments.
The apartments would include a clubhouse and swimming pool.
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Meridian
Northern Land Development, a company owned by James Merkle of Eagle, applied to have Meridian annex 7 acres it owns at 462 N. Black Cat Road, south of the Union Pacific railroad tracks and north of West Franklin Road. The company plans to build 65 townhouses in a development called Hensley Station.
Each unit would have a two-car garage.
Merkle previously worked as vice president of land development for Hubble Homes.
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Boise
Collegiate Development Group is seeking to build Boise Myrtle Apartments, a seven-story mixed-use building with 258 apartments, stores on the ground floor and a parking garage at 270 E. Myrtle St.
Boise’s Design Review Committee is scheduled to hold a work session to review 50% construction drawings on the project at 5:15 p.m. on Wednesday, Feb. 12 at Boise City Hall, 150 N. Capitol Blvd. Work sessions are open to the public.
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JB Earl Co., a Utah developer, is looking to build a mixed-use building with 235 apartments, 11,000 square feet of retail and residential amenities at 7201 W. Fairview Ave. At present, a Burlington Coat Factory and a Big O Tires sits on that 5.4 acres of land.
The Boise Design Review Committee is scheduled to hold a hearing on the development at 6 p.m. Wednesday, Feb. 12, at Boise City Hall, 150 N. Capitol Blvd.
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Idaho Cheer, a cheerleading gym, leased 11,600 square feet of office space at 12400 W. Overland Road, according to Cushman & Wakefield Pacific.
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Realty One Group Professionals, of Meridian, is opening a second office at the Boise Spectrum, across from the Edwards Boise Stadium 21 movie theater.
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Sculpt Aesthetics LLC, a medical spa, has leased 1,404 square feet of office space at 5537 Glenwood St., according to Cushman & Wakefield Pacific.
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Ada County
Developer Tucker Johnson is seeking a preliminary plat for a 118-lot subdivision called Hazelwood Village on 25.6 acres at 10975 W. Lake Hazel Road. Tucker, with his company Skyline 1 Development, is also seeking a master site plan, a development agreement modification and private road applications.
The Ada County Planning and Zoning Commission is scheduled to hold a public hearing on the project at 6 p.m. Thursday, Feb. 13, at the Ada County Courthouse, 200 W. Front St in Boise.
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Boise-based Pontifex Capital is seeking to build 16 houses on 4.9 acres at 3577 S. Cloverdale Road. The company is asking the Ada County Planning and Zoning Commission for a preliminary plat, a zoning map amendment and a development agreement for the project, which is known as the White Rose Subdivision.
The commission is scheduled to hold a public hearing on the project at 6 p.m. Thursday, Feb. 13, at the Ada County Courthouse, 200 W. Front St in Boise.
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Caldwell
Shi Sushi Bar is opening in downtown Caldwell at 521 Main St. It plans to serve beer, wine and liquor.
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A feasibility study commissioned by the Idaho Department of Commerce found that Caldwell would be well-suited for a boutique hotel. A secondary feasibility study is underway, with hopes to attract a brand that would be attractive to Sunnyslope Wine Trail tourists.
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The Idaho Transportation Department plans to widen Interstate 84 in the next several years. To allow for this, the Ustick and Middleton bridges over the interstate must be widened.
ITD had planned to keep the Ustick Road bridge at two lanes, but the Caldwell Urban Renewal Board has pledged $4.7 million of its own funding to widen it further, to five lanes.
Ustick has been called Caldwell’s “highest-priority corridor connecting the Treasure Valley from Boise to the Snake River.”
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Star
Arete Investments Group of Meridian is seeking approval of a rezone from limited office to central business district for a two-acre property 10747 W. State St. in Star. A rezone would allow for more possible development opportunities, although plans for the site are not yet in place.
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Notable
Saalt, a Boise company that makes a reusable period cup that collects menstrual flow rather than absorbing it, is growing. The company added 13 employees in 2019 and now has 26, cofounder Cherie Hoeger told the Idaho Business Review by email.
She said Saalt is “bursing at the seams” in its current office near Cloverdale Road and Chinden Boulevard, so it has leased 8,755 square feet of office space at 6148 N Discovery Way in Boise, effective April 1.
“With the launch of new retailers and product lines in our three-year plan, we expect to double our team in the next few years to prepare for company growth,” Hoeger said.
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Chris Roth is the new president and CEO of St. Luke’s Health System, succeeding Dr. David C. Pate, who retired at the end of January after serving as president and CEO for more than 10 years.
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Another report offers confirmation that Boise homes are increasingly unaffordable to Boiseans.
RealtyHop, a website that lists houses and condos for people seeking them as investments, on Jan. 29 ranked Boise the 38th least-affordable city in the U.S., up from 41st one month earlier.
The site said the average price of Boise homes it lists is $329,000, which would require paying $1,596 per month in mortgage and taxes for a 30-year mortgage with a 20% down payment at a 4.5% interest rate. That payment would consume more than 35% of the income of an average Boise household income of $54,547, RealtyHop said.
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Boise is now the nation’s 50th most-expensive city for apartment rentals, up from 52nd one month ago, says Zumper, a rental listing service. The average one-bedroom listing held steady at $1,000 per month, while the average two-bedroom rose 1.8% to $1,160.
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Meridian homeowners on average have owned their homes for less time than homeowners in any but four of the 300 largest U.S. cities, a new report says.
55Places.com, a website for people seeking buy senior housing, says 39.5% of Meridian homeowners moved in less than 10 years ago. The only cities with shorter tenures are Frisco and and McKinney in Texas; Gilbert, Arizona; and North Las Vegas, Nevada.
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This story was originally published February 5, 2020 at 4:00 AM.
