BoiseDev first broke Ball Ventures Ahlquist’s plan to add another high-profile piece of land near I-84 to its roster last year.
Now, the project on Highway 20/26 near I-84 in Caldwell will move forward.
North Ranch Business Park will feature more than 1.5 million square feet of space, split between flex, industrial, medical and retail.
“It will be a mix of office and industrial which is interesting for us because it’s so close to Sky Ranch where the City of Caldwell has done a nice job attracting industrial tenants,” BVA’s Tommy Ahlquist told BoiseDev last year. “They are out of room now so it’s a natural extension of that project.”
BVA acquired the 114-acre site from St. Luke’s Health System, which listed it for $12 million. It sits within the Caldwell Urban Renewal Area near the Flying J Travel Center.
A brief news release from BVA notes groundbreaking on the project will happen this spring. The project will open in phases in coming years.
A site plan provided by the firm shows a set of large rectangular industrial buildings around the perimeter of the site with loading areas and parking.
Pad sites along Smeed Parkway and Highway 20/26 carry labels for bank, convenience store, medical, and retail uses.
It adds a third I-84 project for BVA – including Ten Mile Crossing and Eagle View Landing. Those developments contain a more concentrated mix of office uses with some retail.
The project is the latest in a flurry of industrial developments across the valley.
Colliers International noted in its recent year-end report that industrial demand remains strong.
“Locally, new construction is quickly being leased up, in many cases before the building is completed. There is also a high demand for light industrial triple net investments in the valley but not enough supply,” Colliers wrote.
Local news. Locally owned. Supported by members.
Your membership makes these stories possible. Plus, you get our popular daily email with all our stories delivered straight to you.