2 Corey Barton apartment developments. Chipotle, Dutch Bros, cookie shop. Coming near you
The latest proposed developments, housing and other construction projects, and new businesses around Idaho’s Treasure Valley:
Boise
Plans are moving forward for an apartment complex at 60 N. Cole Road that would replace a warehouse with several businesses, including the Aquarium of Boise and Bargain Books Boise.
The original proposal was for 170 apartments in a six-story building at the southeast corner of North Cole Road and West Bethel Street, just north of Franklin Road, according to a filing about a pre-application meeting with the city by Pivot North Architecture’s Brian Wenzel.
A revised proposal now calls for 200 apartments in a seven-story complex with associated amenity spaces and parking, according to the application.
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Boise firefighters have left a 51-year-old fire station on 16th Street downtown to make way for a new fire station that is expected to be finished in 2024.
While the new Fire Station 5 is under construction, firefighters will be temporarily relocated to buildings on West Bannock Street — where the city is leasing a former funeral home — and Chinden Boulevard.
“This firehouse holds a lot of history and sentimental value for our firefighters who worked at Station 5,” said Fire Chief Mark Niemeyer in a news release.
He noted that the new building will use some bricks and flooring from the current building. “We are proud to be honoring our past, while building capability for the future,” Niemeyer said.
The new building will be “100% electric” and will have rooftop solar panels and indoor charging stations, with the expectation that they will serve the electrified firetrucks of the future, according to the news release.
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Dunia Marketplace, a nonprofit gift store, is leaving its Hyde Park home of 27 years on March 31 after getting priced out of its lease at 1609 N. 13th St., a news release from the store said.
The store still hasn’t found a new location. It’s looking for an affordable space in the Boise area. JamieLou Delavan, Dunia’s director, said the store put out a survey in September asking the community to share ideas about where it could move to.
“People come in to tell us where they saw a property or to just offer support and brainstorm ideas,” Delavan said in the release. “Every day someone asks if we have found a place yet. Many can’t believe we have to leave, saying that we are quintessential Hyde Park. The overwhelming sentiment is that we cannot close.”
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The Sodamix, a chain of stores selling cookies, ice cream and custom soda drinks, may open a Boise store. East Walker River Wood Co., of St. George, Utah, leased 1,708 square feet of retail space at 6520 S. Eisenman Road for The Sodamix, Colliers reported.
The Sodamix’s website says it already has Idaho stores in Caldwell, Twin Falls, Pocatello and Blackfoot.
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Shank Ventures LLC, doing business as F45 Training, leased 2,595 square feet of retail space at 250 E. Myrtle St. downtown, Colliers reported.
F45 is a chain of gyms. It has two gyms in Meridian and one each in Eagle, Coeur d’Alene and Idaho Falls, according to its website.
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Heritage Bank has leased 6,295 square feet of office space at 250 S. 5th St., Cushman & Wakefield reported.
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Meridian
Andersen Construction Co. of Idaho seeks to build an apartment building at 1873 S. Wells Ave. with 164 apartments, 176 parking stalls on four levels, a pool, clubhouse and leasing offices.
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Challenger Development Inc., whose president is homebuilder Corey Barton, wants to build 84 apartments in four buildings on 3.5 acres that Barton owns west of North Eagle Road and south of West Wainwright Drive.
The apartments at 3850 N. Centrepoint Way would be part of the Delano Subdivision, just west of the Boise city limits and north of the Brickyard Apartments.
The Planning and Zoning Commission has scheduled a public hearing on Challenger’s application for a conditional-use permit at 6 p.m. Thursday, March 16, at Meridian City Hall, 33. E. Broadway Ave.
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Corey Barton Homes, the largest homebuilder in Idaho, seeks to build 216 apartments at 3500 W. Pine Ave, the northwest corner of Pine and Ten Mile Road.
The Foxcroft Apartments would consist of nine three-story buildings, each with 24 apartments, according to filings with the city.
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John Dixon of Slichter Ugrin Architecture applied for a permit to build a 5,070-square-foot multitenant commercial building in an existing commercial development at 3333 W. Chinden Blvd.
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Chipotle, the Mexican fast-casual restaurant chain, seeks to build a restaurant at 1737 S. Meridian Road.
The 2,325-square-foot restaurant would be built on the west side of Meridian Road just south of a Walgreens drug store at the corner of Overland Road. It would have a drive-through window.
The Planning and Zoning Commission has scheduled a public hearing on Chipotle’s request for a conditional-use permit at 6 p.m. Thursday, March 16, at Meridian City Hall, 33. E. Broadway Avenue.
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Rich Jarvis, the registered agent for Epic Development LLC, wants to build 17 homes on 4.1 acres near Victory and Locust Grove roads.
The land for development includes one existing home, according to a legal notice. The development, called Millwood Subdivision, would be located at 1975 E. Victory Road.
The Meridian Planning and Zoning Commission is scheduled to hold a public hearing at 6 p.m. Thursday, Feb. 16, at Meridian City Hall.
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Kent Brown, of Kent Brown Planning Services, wants to build 24 homes near the southeast corner of Pine Street and Black Cat Road.
According to a legal notice, the Alexander Landing Subdivision would be on 5.2 acres.
The Meridian Planning and Zoning Commission is scheduled to hold a public hearing at 6 p.m. Thursday, Feb. 16, at Meridian City Hall.
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Tony Tseng, the registered agent for Accomplice LLC, wants to build a 114 homes on the south side of West Orchard Park Drive, near Linder Road and Chinden Boulevard.
The subdivision, called Sagarra, would include a mix of single-family homes, single-family town houses and apartments on 17.5 acres, a legal notice said. It would also include three private streets .
The Meridian Planning and Zoning Commission is scheduled to hold a public hearing at 6 p.m. Thursday, Feb. 16, at Meridian City Hall.
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Dutch Bros. wants to open a new drive-through coffee shop at the southwest corner of Ustick and Eagle roads.
The shop would have 1,154 square feet and two drive-through lanes. It would be on 1.2 acres, according to a legal notice.
The Meridian Planning and Zoning Commission is scheduled to hold a public hearing at 6 p.m. Thursday, Feb. 16, at Meridian City Hall.
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Nampa
Mi Ranchito Restaurant LLC leased 1,649 square feet of retail space at 5830 E. Franklin Road, Colliers reported.
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Caldwell
Chipotle Mexican Grill of Kansas LLC leased 2,711 square feet of retail space at 5005 Cleveland Blvd., Colliers Idaho reported.
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Eagle
Redeemer Church Inc. leased 2,748 square feet of commercial space at 531 S. Fitness Place, Cushman & Wakefield reported.
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Around Idaho
A manufacturing plant for making thermal insulation and other products from hemp has been finished in Jerome in south-central Idaho.
The company, Hempitecture, founded in 2018 by CEO Mattie Mead with cofounder Tommy Gibbons, is based in Sun Valley and has other sites in North Lima, Ohio, and Knoxville, Tennessee.
The Jerome plant will use hemp from Montana to “produce a wide range of biobased nonwoven products to be used across multiple industries, including the manufacturing of Hempitecture’s flagship product, HempWool thermal insulation,” the company said in a news release. Hempictecture is the first U.S. producer of bio-based insulation products, the company said.
A ribbon-cutting ceremony is planned from 11 a.m. to 3 p.m. Friday, Feb. 17, at the 21 East 500 South No. 100 in Jerome.
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Notable
Here’s a sign that Boise’s housing market no longer ranks No. 1 in America for price increases and declines in housing affordability:
In the third quarter of 2021, the Boise metropolitan statistical area had the most overvalued homes in the United States, according to Fitch Ratings. One year later, Boise handed that dubious trophy to the Buffalo-Niagara Falls, New York, area.
Fitch said it compared rents to house-sale prices to determine whether a market was overvalued. If a market’s rents lagged sales prices significantly, the ratings company decreed it overvalued.
The rankings don’t measure affordability or even market value in absolute, dollars-and-cents terms. Instead, they rank Boise relative to other markets. They show that the surge in home prices, which persisted through the first quarter of 2022 in much of the U.S., was robust enough to give Boise plenty of competition in the latest annual overvaluation tally.
The evidence? Fitch said Idaho homes were 15% to 19% overvalued for the third straight year. The number of markets with that much overvaluation ballooned from just 4 (including Boise) in 2020 to 43 in 2021 and 92 in 2022.
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This story was originally published February 2, 2023 at 4:00 AM.
