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.