Town houses, apartments and much higher land prices: Coming near you in Boise area
The latest proposed developments, other construction projects and new businesses around Idaho’s Treasure Valley:
Meridian
An Eagle apartment-development company has started to build an 83-unit apartment building adjacent to The Village at Meridian.
Pacific Partners Residential is building Meritage West on 2.4 acres 13450 W. Baldcypress St., said CBRE, a real estate services firm that arranged financing for the building. The building is expected to include studio, one-, two- and three-bedroom apartments.
Amenities are expected to include a resort-style outdoor pool and spa, a clubhouse with lounge areas, a game room, a fitness center, a secure parcel room and a pet spa.
—
Forty-two town houses may be coming to Franklin Road, between Black Cat and Ten Mile Roads.
Ascent Townhomes would be on 5 acres at 6164 W. Franklin Road, according to the city filing. The homes would have at least 1,513 square feet each. The project would have 112 parking places.
—
Baron Properties, a multifamily housing property developer based in Denver, applied to build six apartment buildings with three studio apartments each — 18 in all.
The new apartments would be part of the 195-unit Modern Craftsman at Black Cat, a development at the northeast corner of North Black Cat Road and West Chinden Boulevard.
—
Adler Industrial LLC, of Boise, has broken ground on its last two industrial buildings in the AI Meridian Business Park Complex on North Truckee Way.
“This industrial park has leased faster than anticipated to some great businesses, such as JST Manufacturing, Amazon.com, Bastian Solutions, Sentry Solutions and Arizona Tile,” said Michael Adler, president of Adler Industrial, in a news release.
—
Mary Comeaux, of Houston, applied to build a one-story office building at 1450 W. Ustick Road.
—
Bradley Smith with Ball Ventures Alquist applied to build an Advanced Heating and Cooling building at 2640 E. Lanark St. in Meridian.
The 20,300-square-foot building would be two stories. It would include warehouse space for product distribution, an office and conference rooms, according to the city filing.
—
A Sweet Experience LLC, an online retailer of caramel popcorn, leased 1,200 square feet of retail space in Ten Mile & Cherry Plaza Shops, 3313-3329 W. Cherry Lane, TOK Commercial reports.
—
Boise
Martin Sielaff seeks to build a 50-unit apartment building at 2128 S. Vista Ave, on the corner of Vista and Targee Street near Hawthorne Elementary School.
A portion of the units would be designated as workforce housing.
Sielaff has requested a neighborhood meeting. A date has not been set.
—
Boise is a step closer to annexing 128 acres of land for new housing.
A hearing is scheduled Tuesday, Oct. 5, to discuss the annexation of property at 8373 W. Victory Road. The property includes 15 acres formerly a part of West Junior High School, which the city of Boise auctioned off to Welltower Inc. for $12 million, a deal contingent on the city’s annexation.
Welltower and a partner plan to build a “wellness focused housing development” with a mix of single-family homes, townhouses and apartments.
—
Boise will be getting more acres of Foothills open space.
City councilors on Tuesday, Aug. 31, approved a resolution to buy 29 acres of land in the Foothills area near Seaman’s Gulch.
Sarah Arkle, the city’s foothills and open space superintendent, said in a Aug. 24 memo that the land would be used to improve trail connectivity, though she said there are no plans to build new trails yet.
The city would buy the land $605,000 using Open Space and Clean Water Levy funds. The land was previously owned by the Pursely family, which purchased it in 1991.
—
Aleksa Mitrovic has applied for a zoning certificate to open Super Crepes, a “food shack selling sweet crepes” at 1630 S. Broadway Ave.
—
Kimberly Castor has opened a second Poppy Seed Bakery + Cafe at Boise State University at 2360 W. University Drive in the former location of the J.R. Simplot Cafe in the Micron Business and Economics Building.
—
Trena Corenzetti has applied to open Poof Pets, a pet grooming business, at 10542 W. Fairview Ave. in west Boise at the corner of Fairview and Five Mile Road.
—
The Reveal, a costume shop that closed in April 2020, will reopen in the Boise Towne Square mall in the former location of children’s clothing stores Justice and Limited Too, says owner Tina Freckleton.
—
Eagle
A 63-unit town house subdivision is coming to Eagle.
The City Council approved Don Newell’s request for the subdivision on 10.7 acres on the northeast corner of West State Street and Idaho 44.
—
Blue Skye Capital LLC, a new company governed by Joshua D. Anderson of Eagle, bought 768 acres in the Foothills off Idaho 55 and North Brookside Lane, Intermountain Commercial Real Estate reports.
—
Caldwell
Treasure Valley Community College is naming its Caldwell campus building the Nancolas Center, after the city’s longtime mayor, Garret Nancolas.
The college and Destination Caldwell, a nonprofit organization dedicated to revitalizing downtown Caldwell, are hosting a dedication ceremony at 5 p.m. Friday, Sept. 17, at the building, 205 S. 6th Ave.
“We are honored to recognize Mayor Garret Nancolas for his many years of public service (over 33 years total) to the city of Caldwell by dedicating the TVCC facility as the Nancolas Center,” said Debbie Geyer, city clerk, in a news release.
—
Notable
The price of Treasure Valley land sold for residential development has soared in the past year to $52,000 per acre, up from $32,000, says TOK Commercial.
The increase is both a response and a contributor to higher house prices.
Nearly 3,300 acres of residential land in Ada and Canyon counties have changed hands so far this year, nearly three times as many as in the same period of 2020, TOK reported in its quarterly land report.
The 4,147 single-family permits taken out by builders through July represent a 10% increase from the same period a year ago. Meridian issued the most permits, followed by Boise and Nampa.
—
Boise is the country’s second-most-popular city for investors interested in home buying in 2021, according to CoreLogic, a property data provider.
Boise went from having 20.9% of its home purchases made by investors in 2011 to 24.2% in 2021. Only Corpus Christi, Texas, now ranks higher.
Boise was popular among investors over the entire last decade. It had the eighth-highest investor home-buying rates from 2011 to 2020.
Investors once favored California. Not today. “In general, investment has grown in metro areas like Boise, Phoenix and Salt Lake City, which tend to have lower prices and growing populations fueled by California outmigration,” the report says.
—
There’s a new person in charge at Mountain Home Air Force Base.
Col. Ernesto M. DiVittorio is the new commander of the 366th Fighter Wing of the Air Combat Command, the base’s host unit. DiVittorio leads 18 squadrons with 4,200 military members and civilians.
“Together, we will strike fear in America’s adversaries and reassure our allies and partners,” he said in a news release.
—
This story was originally published September 1, 2021 at 4:00 AM.
