Hendricks Commercial Properties is working on plans for another of the downtown parking lots it owns along Grove St.
BoiseDev reported last month about Hendricks’ plan to build a 124-room hotel with two bars, a restaurant, and a rooftop patio at the corner of 11th St. and Grove St. behind The Owyhee.
Now, the Wisconsin-based company has applied with the City of Boise to build a seven-story apartment project a block away at 12th and Grove. The Saratoga Apartments would sit on the parking lot the company acquired from LocalConstruct (now Roundhouse) in 2019, as well as four other adjacent parcels, encompassing the entire block.
The permit application says three existing buildings – used by a hair salon, and the Boise Creative Center, would be demolished. The parking lot is also used as the main stage for the Treefort Music Festival.
If approved, crews would build a seven-story apartment building, which would include an integrated parking garage below ground on the first floor. The building would feature a total of 305 apartments, with 71 studio, 174 one-bedroom, and 60 two-bedroom units, for a total of 365 beds.
The garage would include space for 331 cars. The project would also feature retail space along the ground floor, and an amenity area for apartment renters on the second floor.
The Saratoga Apartments will need to win design review approval from the City of Boise. A hearing date has not yet been set.
The project is the latest in various stages of planning along Grove St., including the Renegade hotel and two additional hotels on an empty lot at 10th St. The Capital City Development Corp. plans to launch an extensive revamp of the corridor, which sits in an urban renewal area.
Hendricks Commercial Properties is owned by Wisconsin billionaire Diane Hendricks. The company has made a slew of real estate purchases in Downtown Boise in recent years, including the Bodo project, Owyhee, andthe Hoff building.