A new 27 story luxury apartment building could go up in Downtown Boise, if a project announced Tuesday comes to life.
Boise-based development firm Oppenheimer Development Corporation says it plans to build the apartment project with 297 units on the southeast corner of 12th St. and Idaho St. downtown, on the site of a current surface parking lot.
The building would reach 330 feet as currently configured, which would make it just taller than the nearby 8th & Main/Zions Bank Building with currently ranks as the tallest in the state at 323 feet.
The 12th & Idaho apartments would include a mix of studio, 1-bedroom, 2-bedroom and a “small percentage” of penthouse units. The size would range from 480 square feet to 1,000 square feet in size.
The project, in partnership with Chicago developer White Oak Realty and Cleveland financier Ponsky Capital Partners would add a significant new feature to the Boise skyline.
It’s the latest project in a number of announcements in Boise and Garden City to add tall buildings with apartments or condos, including the Ovation project at 6th and Front and the Boardwalk condos along the river in Garden City.
If approved by the City of Boise, Oppenheimer said it hopes to start construction next summer. The project would include a ground floor lobby with retail, seven floors of parking for 396 cars and 18 stories of residential apartments. The building would cap off with a two-level amenity deck.
ODC said the project would also include “some affordable housing.”
“The highest level of architectural quality will further enhance the Boise urban center for many years to come,” Oppenheimer Development Company principal Skip Oppenheimer said. “We look forward to working closely and in coordination with the City of Boise and (the Capital City Development Corp.) on this transformative project.
The partners engaged Solomon Cordwell Buenz and Associates to design the building. SCB has offices in Chicago, Boston and San Francisco.
Renderings show a large curtain wall over the parking decks with a pattern evoking a mountain range. The top of the building would not cut at a square, but instead, taper over two stories with a cut that again looks like a mountainscape.
Oppenheimer Development said the building design is “inspired by the Sawtooth Range” in central Idaho. The top two floors will include a rooftop pool and a set of steps and terraces, as well as a number of other amenities and indoor spaces.
The project site sits next to The Record Exchange along Idaho St., and on the same block as the new 11th and Idaho office building that opened late last year.
No applications for the project have yet been filed with the City of Boise.
Oppenheimer has a long history in Boise. The company built and co-owns the One Capital Center building at 9th and Main, as well as the Wells Fargo Center across the street. It also manages a number of retail and office projects around the area.