Guess where this big apartment complex is going up? What’s coming near you in Boise area
The latest proposed developments, housing and other construction projects, and new businesses around Idaho’s Treasure Valley:
Meridian
Galena Opportunity Fund has started construction of a seven-story complex of 350 apartments in downtown Meridian using modular construction.
Union 93, by Galena Opportunity Fund, is “expected to invigorate downtown Meridian,” according to a blog post from the project’s architect.
“The two-building project will show how modular can produce multi-family apartments both quickly and efficiently, and it will also be one of the largest modular projects in the Western U.S.,” said Matt Laase, partner in Seattle’s Jackson-Main Architecture, in the blog post.
Guerdon, a Boise modular-building maker, is manufacturing the apartment modules. The company has built thousands of living-unit modules for apartment and condominium projects in the western U.S. and Canada.
In an email, Bill Traux, president of the Galena Opportunity Fund, said Union 93 will be built in two phases. The first, the west building, will have 166 apartments, according to the permit application to the city. The second building, with 184 apartments, will come later.
The first building will also have 134,585 square feet of apartment space and 7,738 square feet of ground-level retail space, he said. The combined buildings would have more than 275,000 square feet.
“The retail space will be available for lease with a target of a few restaurants and other retail services that will serve the needs of the tenants,” said Lincoln Hagood, the co-founder and acquisitions manager for Galena, in an email.
Galena Opportunity Fund is a Boise company that develops projects in the Treasure Valley and Pacific Northwest.
Union 93 would join just one other apartment project in the works downtown, Old Town Lofts, a 103-unit building that is now accepting rental applications.
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Meridian Academy wants to build a play field behind its school north of Franklin Road between Locust Grove and Eagle roads.
The field would be on 12 acres, the application said. The school is located at 2311 E. Lanark Street.
The project is scheduled for a public hearing at Meridian City Council at 6 p.m. Tuesday, July 21, at City Hall.
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Devin Morris, a developer with Alturas Capital Partners in Eagle, wants to build a residential care building at Overland and Eagle roads.
Brightstar Overland would have 5,600 square feet, according to the application. It would be located at 2940 E. Overland Road as part of the Dorado Subdivision.
The Meridian City Council is scheduled to hear the project at 6 p.m. Tuesday, August 9, at City Hall.
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Pulse Design Group, an architecture firm in Kansas City that specializes in building health care projects, has applied to build a surgery center.
The Treasure Valley Surgery Center would have 32,500 square feet to house an ambulatory surgery center run by Treasure Valley Hospital. The project would be on 1722 S. Jade Way.
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Samantha Kozlowski, of 814 Development LLC, a Missouri development company, applied to build Elsinore Daycare.
The day care center would have 13,666 square feet. It would be located at the intersection of North Elsinore Avenue and West McMillan Road. The property consists of two lots, 4818 and 4858 N. Elsinore Ave., that are now vacant.
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Stretch Zone Meridian LLC leased 1,004 square feet of retail space at 1268 Orchard Park Drive, Colliers reports.
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Marley Boy LLC, doing business as EarthWise Pet, a pet-nutrition store franchise, leased 2,040 square feet of retail space at 1240 W. Chinden Blvd., Suite 104, Colliers reports.
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Boise
Renovation work is continuing to revive an old downtown hotel.
Avery LLC, the company behind bringing the Averyl Building back to life and renaming it the Avery Hotel, applied and received a plumbing permit for the historic building at 1010 W. Main St.
Local developer Michael Hormaechea is the registered agent for Avery LLC. The building, built in 1901 according to Ada County records, is across from Mulligan’s Pub and Eatery and The Olympic, a music venue.
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The renovation of Fulton Street from 9th Street to Capitol Boulevard is approaching. Plans call for the construction of continuous sidewalks on both sides of Fulton.
Capital City Development Corp., Boise’s urban renewal agency, is applying for design review with the city of Boise. The agency’s application says the project would use “familiar streetscape materials and finishes for downtown Boise to create a more pedestrian-friendly experience.”
Other improvements include rolled curbs instead of vertical curbs and modified utilities to avoid conflict with new street trees.
As of now, Fulton Street is typically quiet, with several surface parking lots. The agency hopes the upgrades will help liven up the street, one of the few remaining overlooked streets in the downtown core.
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Thirty-five single-family rental houses could be coming to Southwest Boise near the southwest corner of West Victory and South Cole roads.
These homes would likely be rentals rather than for sale. Open Door Rentals LLC is the property owner at 7735 W. Victory Road. Homebuilder Corey Barton is the registered agent for Open Door Rentals. Gem State Planning consultant Jane Suggs is listed as the applicant.
The application seeks the city’s annexation 7.8 acres, according to an application filed with the city. The application says the development would be named Callisto Heights.
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A developer wants to build a 14-unit townhouse project on the eastern edge of the Boise Bench.
The project would have four-story townhouses at 2215 and 2219 W. Kootenai St., west of the intersection with South Federal Way. Ben Semple, of the landscape architecture firm Rodney Evans + Partners, is the project’s applicant.
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A mobile home park and commercial lot are for sale for $2.7 million in Veterans Park.
The property consists of 17 mobile homes, one stick-built home and a two-tenant retail building.
The broker for the sale, Andrew Boespflug, of Colliers, told the Idaho Statesman that the property is worth more as housing than it would be if it were it redeveloped. The property is undergoing renovation, he said.
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Boise-based Adler Industrial, an industrial real estate development company, wants to build a 32,200 square foot light industrial building in West Boise.
The building would be at 12249 W. Executive Drive off North Cloverdale Road, according to an application filed with the city. Adler has recently been tied to new developments in South Boise near the Boise Airport.
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CB Daycare LLC has leased 11,619 square feet of retail space at 10477 W. Fairview Ave., Colliers reports.
The site is in a strip mall near North Five Mile Road in West Boise. Catherine Baremore wants to open the day care center, according to previous Idaho Statesman reporting.
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Fair Auto Sales LLC is proposing to open a used car dealership on the Bench near the northeast corner of South Curtis Road and West Franklin Street.
Steve’s Automotive and Towing previously used the property at 16 N. Curtis Road.
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Sandwich shop Jersey Mike’s is planning to open a new restaurant in West Boise at 7166 W. Fairview Ave., near the northeast corner of West Fairview Avenue and North Cole Road.
The business has applied to build tenant improvements. There are four other Jersey Mike’s locations nearby: two in Boise, one in Meridian and one in Kuna.
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Vape Zone LLC leased 1,049 square feet of retail space in the 17th & State Shoppes, 1701-1797 W. State St., TOK Commercial reports.
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Forge Building Co., a self-storage building contractor, has moved its headquarters to a 12,152-square-foot building at 2785 N. Bogus Basin Road.
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Eagle
WH Eagle 80 LLC applied to build an 80 acre subdivision with 140 single-family homes.
The project would be located on the north side of West Floating Feather Road between North Park Lane and North Linder Road. The Farmstead Landing Subdivision would be made up of various styles of single-family homes, the application said.
“The applicant is committed to making Farmstead Landing Subdivision a beautiful neighborhood,” the narrative said.
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Notable
Boise was the least profitable market in the country for flipping a house in the first quarter of 2022, according to a recent report from ATTOM, a provider of real estate and property data.
The report says homes flipped in growing Boise, where real estate prices have climbed sky high, earned a 4.4% profit margin, the slimmest of 191 markets evaluated. Fort Collins, Colorado, and College Station, Texas, were second and third least profitable with margins of 5.7% and 7.2%, respectively.
Boise ranked second-to-last in the amount of profit received, with an average of $18,662, behind only Syracuse, New York’s $16,687.
The report evaluated properties that were sold in the first quarter of 2022 that had previously been sold fewer than 12 months prior.
ATTOM reported earlier this year that profit margins on overall home sales in Boise had fallen at a faster rate than any other market in the country.
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The Idaho College of Osteopathic Medicine says it has received full accreditation by the American Osteopathic Association’s Commission on Osteopathic College Accreditation.
The college said that means ICOM has received final approval to offer the doctor of osteopathic medicine degree that allows graduates to become practicing physicians.
The Meridian college received a provisional accreditation in 2016 that allowed construction of the campus to begin. ICOM”s inaugural class graduated May 13.
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This story was originally published June 29, 2022 at 4:00 AM.
