The demand for new residential units is so high right now, that an office building that’s not even 20 years old could give way for a new apartment building.
Plans filed with the City of Boise indicate a developer plans to tear down a three-story office building along the Boise River Greenbelt at 917 S. Lusk St. and replace it with a five-story apartment building on the same site.
Rancho Cochella Properties acquired the site in 2018. The Class A office building went up in 2005 according to property records, and includes 25,808 square feet of office space and 200 parking spots. Related businesses Kount, Keynetics, and Clickbank all called the building home at hone time, as well as a smattering of other firms over the years.
Large Chicago-based development firm CA Ventures hopes to build a 180 unit apartment complex on the site, with ground floor podium-style parking and a small retail space, plus four levels of apartments above.
CA Ventures is the firm behind the Identity project at Boise Ave. and Beacon St.
The preliminary plans filed with the City of Boise as part of an initial review, and could change, indicate the project would include 26 studios, 24 1-bedroom, 45 2-bedroom, 67 4-bedroom and 18 5-bedroom apartments, for a total of 498 total bedrooms. Apartments would be arranged around internal courtyards, while a few along the north side of the building would have views of the Boise River and Downtown Boise.
The 917 S. Lusk apartments would need rezoning from the City of Boise from the current commercial zoning to what’s known as R-OD, or “residential office.” That hoped-for zoning allows a maximum of 179.68 units for the site – just a hair less than the 180 proposed.
The project would require 245 parking spaces for residents and seven spots for the retail area. Developers hope to gain a 30% parking reduction from the city and provide 169 spaces, plus seven spots along the street and seven for the retail area. That would slightly exceed the requirements if the reductions are granted. The project hopes to get reductions called for in Boise city code for being a transit-supportive development, a vertical mixed-use project, using podium parking, and providing enclosed bike parking.
The apartments would join a boom in student-focused housing in the Lusk St. neighborhood in recent years. The neighborhood has been in transition, from a mish-mash of industrial, commercial, and aging apartments into a high-density destination for large apartment buildings. The 917 S. Lusk St. apartments sit immediately next to the Green Leaf River Edge Apartments, and in proximity to several others.