ltn
ltn

Where business news starts in Boise.

WinCo Foods will develop ‘young professional’ apartments in its Downtown Boise parking lot

Stop me if you’ve heard this before.

A new multi-family project could happen on Myrtle St. in Boise near Julia Davis Park.

It’s the latest in a spate of recent projects reported on BoiseDev in the past few weeks, including Park Place Apartments and 600 W. Front (plus The Cartee, 300 Myrtle, 5th & Broad towers, etc.) The BoiseDev Project Tracker is really getting a workout.

BoiseDev Project Tracker

  • 270 E. Myrtle apartments

Presented by TOK

This project is unique in a few ways though. WinCo Foods owns the property at 270 E. Myrtle St. – currently an extra parking lot across from the grocery store’s main parking area. St. Louis, MO-based Collegiate Development is developing the project. Application materials show it is aimed at “young professionals.”

The project’s developers applied for a rezoning this week, the first step to making it a reality. The application is not to the design phase, and doesn’t include items like renderings or the project’s formal name.

Project details

  • 7 stories tall.
    • Parking, retail space and drop off areas on the first floor.
    • Housing units and parking on the second through seventh floors.
  • 243 housing units.
    • 105 “micro units” (studios).
    • 63 one-bedroom.
    • 63 two-bedroom.
    • 12 four-bedroom.
  • Rooftop deck.
  • Several shared amenities areas.
  • Parking for 366 cars.
    • 339 required.
    • Parking “wrapped” with residential units around it.
  • 313 bicycle spaces.
    • 277 required.
Project site outlined in Blue

“The proposed rezone and young professional housing and commercial uses are aligned with the master plan goals,” Tamara Thompson with The Land Group wrote in an application letter. “The rezone will allow for density and building massing envisioned by the City of Boise outlined in the goals of Blueprint Boise and the River Street-Myrtle Street and Central Addition Master Plans.”

Thompson’s letter outlines how the city’s policies support a rezone of the project to allow for the project.

City staffers have not yet scheduled hearings for the project.

Project developed by college-focused firm

Collegiate Development Group develops properties across the country near college campuses, including Tempe, AZ, State College, PA and others.

It markets itself by saying it delivers “an unmatched experience around cutting edge properties in premier locations.”

Here’s a rendering of its Tempe project:

Courtesy Collegiate Design Group

West Bench shopping center to get makeover, cookies

California-based investment company Elevate Commercial bought a 29,000-square-foot shopping center in Boise for $1.86 million Sept. 9.The property,...

Tavern at Bown, Tavern Downtown – and now Tavern in Eagle

The Treasure Valley will soon have a third Tavern restaurant.Construction is about to wrap up on the Tavern...

Boise’s first skyscraper up for sale

The historic Hoff Building is nearly 100 years old, and could soon have a new owner.

Historic ‘world’s largest’ Ponderosa Pine to be removed in Kathryn Albertson Park revamp

A 500-year-old cross-section of the so-called "World's Largest Ponderoa" in a Boise park will soon be no more."Unfortunately,...