Locally owned. Supported by members.

Linder Village Winco project takes key step, roadwork and store announcements expected soon

Regence Blue Shield Idaho

Last month, we told you about a COVID-related snag that slightly delayed a key component of the new Linder Village project in Meridian. But now, developers say they have what they need – and you’ll start to see more activity soon.

BoiseDev Project Tracker

  • Orchard Park (Linder Village)

    Click here for details, information & past stories

“We sold our bonds,” Joe Huarte the principal on the project said. “That was a bit of a rough summer, but securing the bonds for the STAR agreement is, I believe the first in Idaho.”

High Desert Development Linder Village connected two ideas to make improvements to Chinden Blvd. near the project site. The first, BoiseDev reported last month, is the State Tax Anticipated Revenue program from the State of Idaho. STAR, as it is known, requires a a project developer to pay for a major road improvement, which then gets paid back by the state out of sales taxes collected by the stores and businesses in a project.

The second piece of the puzzle used at Linder Village is a bond for the road project. The COVID-19 pandemic slightly slowed the progress of securing the bond, but now that it is in place, construction could start by late this month.

[Live next to Costco? New ‘high end’ project proposed in Meridian]

- Story continues below ads -
Regence Blue Shield Idaho
Future of Downtown

“What’s exciting here and creates an inroad for other developers in the future — the team secured STAR and had the foresight to securitize it and access markets and get cheaper access to capital to build the infrastructure,” Michael Slavin with Noun said. “It creates a new pathway for developers to access markets.”

Linder Village
Infrastructure work continues at Linder Village in Meridian. Photo: Don Day/BoiseDev

More announcements ahead

Securing the bond and starting road construction will allow the next phases of construction to begin at Linder Village. So far, Winco Foods and a Meridian branch library are the only announced tenants. With the bonds secured, more announcements should start to roll on the large-scale project. It’s not just neighbors who are curious what might open at Linder Village.

“This (was) a big question for bond buyers, too – given current retail environment,” Slavin said. “All investors are on high alert, wondering about the future of retail.  Just after March, many of the tenants we’ve been in conversations with for quite some time were already crawling out from cover and looking to the future and bullish on the future and looking for locations here.”

“Many of them were waiting for a hard schedule to figure out when they could open their doors (and make an announcement),” Huarte said.

More announcements should come out in coming weeks.

Linder Village will include a mix of retail buildings, office space, drive-thru sites, significant parking as well as future residential development.

Love our stories? Get them delivered straight to your inbox each afternoon. Plus, support BoiseDev's independent journalism.

Don Day
Don is the founder and editor of BoiseDev. He is a National Edward R. Murrow Award winner and a Stanford University John S. Knight Fellow.

Poke, burritos, gems, toys and more: new stores slated for Village at Meridian

Several new stores and restaurants will open soon at the Village at Meridian. Paddles Up Poké owner Dan Landucci...

New WinCo development in N. Meridian changes names, reworks some project elements

We told you earlier this month that the Linder Village project in North Meridian would finally start to move forward. Now,...

Costco sets opening date for new Meridian store

The Treasure Valley will soon include three Costco Wholesale stores. Costco Meridian has an opening date. Just in time...

When’s Joe Albertsons’ supermarket… new store opening near you?

The old jingle goes... "It's Joe Albertsons' supermarket, but the bakery department is mine." One of...

Popular

Les Schwab Tires, Idaho town staple, gains large new owner

The stores in Les Schwab country have a new owner. The Oregon-based tire chain went on the block last...

Large student apartment project turned down after McLean breaks city council tie

Boise Mayor Lauren McLean cast the deciding vote to turn down an upscale student housing project near Boise State University.  It's the...

You asked: Why is the Egyptian Theater boarded up?

If you've driven through Downtown Boise lately you might have noticed that the doors to the Egyptian Theater are boarded up.

Popular Idaho mountain hot springs goes up for sale

If you're someone who has thought about purchasing a hot spring, now may be the time to do it. 

Stalled Anthony’s restaurant restarts, announces opening date

Seafood lovers, rejoice! After putting construction on hold this Spring, construction resumes on Anthony's new restaurant in Downtown Boise.

Photo tour: Idaho 55 work zone down to one lane with machinery, rock in narrow canyon

Late last week, we drove through the Idaho Highway 55 canyon between Smith's Ferry and Round Valley. The Idaho Transportation recently...

Related

New WinCo development in N. Meridian changes names, reworks some project elements

We told you earlier this month that the Linder Village project in North Meridian would finally start to move forward. Now,...

You asked: What’s the status of the new WinCo at Chinden and Linder in Meridian?

It's a big project that will add a major grocery destination to North Meridian. But when will construction start? It's...

WinCo adapts in wake of COVID-19; Two local store employees tested positive

Boise-based WinCo Foods operates nearly 130 stores across the western US. Like many grocers, the company continues to adapt to the changing...

What your local grocer is doing to keep up with high demand: “There is no shortage of food”

Demand at local grocery stores spiked in recent days, with many shelves starting to look more bare than normal.
SERVPRO Certified

Latest

Boise State Public Radio receives million-dollar gift to help support local news

Boise State Public Radio announced it recieved the largest gift in station history - $1.1 million. The money came...

Eagle arcade closes, game machines sold and moved out

After seven years in business, Grinkers Grand Palace in Eagle will no longer welcome classic game players. The 80s-style...

You asked: Why is the Egyptian Theater boarded up?

If you've driven through Downtown Boise lately you might have noticed that the doors to the Egyptian Theater are boarded up.

Les Schwab Tires, Idaho town staple, gains large new owner

The stores in Les Schwab country have a new owner. The Oregon-based tire chain went on the block last...

Large student apartment project turned down after McLean breaks city council tie

Boise Mayor Lauren McLean cast the deciding vote to turn down an upscale student housing project near Boise State University.  It's the...

Sánchez proposes ordinance to separate residential & commercial rental deposits

Boise City Council is considering an ordinance to secure your rental security deposit.  City Council Member Lisa Sánchez brought...