The State of Idaho is looking for bidders for a small Downtown Boise parking lot. The surplus piece of land sits on a block that the Capital City Development Corp. and private developers hope to redevelop into a large mixed-use project for a new YMCA, apartments, retail, parking, a mobility hub, and more.
The .19 acre lot at 1010 W. Jefferson street contains just 27 paved parking spaces, used by state employees. Last month, the Idaho Department of Administration declared the lot as surplus property, and is “commencing procedures to sell the property for the highest price possible.”
The large-scale Block 68 project would redevelop two and a half blocks of Downtown Boise in the area. The project is a collaboration between urban renewal agency CCDC, as well as private developers Edlen & Co., deChase Miksis, and non-profit Treasure Valley YMCA. It would tear down several buildings in the area, including the current YMCA, and several office and retail buildings in the area. It would also redevelop a number of surface parking lots. Several new buildings, including a new YMCA, structure parking and hundreds of apartments.
The project has been designed without the 1010 Jefferson lot, since neither CCDC nor the development group currently own the site. A 20-story building would go up on the lot line immediately to the west of the parking lot.
The State of Idaho obtained an appraisal on the parking lot, and Mountain States Appraisal reported that the property is worth $1.55 million as is.
The state will accept signed bids until Wednesday, December 21st, at 5pm.
The Block 68 concept is working its way through a detailed process with CCDC. It would next move to the City of Boise for approvals. The project has a tight time frame to complete the portions that involve CCDC, as the agency’s Westside Urban Renewal District terminates in the fall of 2026.