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Forty apartment units to be built off Broadway Ave

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More apartments will pop up along Broadway Avenue soon.

Ascent Broadway is a 40-unit apartment project that will be developed by Denver-based MVRK Development.

The project consists of a mix of one and two-bedroom units, with 29 one-bedroom and 11 two-bedroom units. 

“We’ve been active in the Boise market since 2019, acquiring multiple existing apartment assets and ground-up development sites,” the application letter said. “Currently, 100% of our development pipeline is in the Boise MSA. This is how much we believe in Boise and Idaho as a whole. One of our primary guiding rules is we do not work in markets, nor do we build product, we ourselves would not be happy to live. Our focus is on creating market rate attainability in high-quality-of-life markets for both for-sale and for-rent residential product. We want to create as strong value propositions as possible in every asset we buy or develop.”

The apartments will be located at 2312 S. Broadway Ave. The one-bedroom units range in size from 625 to 725 square feet and the two-bedrooms range from 875 to 1,000 square feet. MVRK Development writes that the goal is to not create “excess unused space.”

“Our goal is to be as efficient as possible in our design of spaces as to not create excess, unused space that ultimately tenants ends up paying for,” the application letter said. “We are also focused on economically efficient systems and landscaping to minimize utility usage, which again, tenants end up paying for either through metering or bill-back programs. For instance, we look to eliminate or minimize common area indoor conditioned spaces. We select native grasses, plants, and shrubs that are efficient in their water demands. Lastly, we are extremely mindful of how design of the built environment can impact well-being.”

The project would have 47 parking stalls and 54 bike stalls. 

“During the neighborhood meeting, the neighbors’ concerns were mostly regarding density, privacy, parking, traffic, and access to the public road to the east,” the application letter said. “The developers recognize the concerns of the neighbors and have taken steps to mitigate those concerns through the design of the site and buildings. We believe that the multi-family residential use has a lower impact potential on the residences to the east when compared to other commercial uses that could be allowed on the property.”

The application has already been approved by the City of Boise.

Autum Robertson - BoiseDev Reporter
Autum Robertson - BoiseDev Reporter
Autum Robertson is a BoiseDev reporter focused on Meridian and McCall. Contact her at [email protected].

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