A Utah-based partnership plans to build a three-building commercial complex on Apple Street in southeast Boise – including a Washington Mutual Bank branch – near Carriage Crossing Apartments.
Plans filed with Boise City Development Services indicate Carriage Crossing Shopping Center would include a 3,600-square-foot Washington Mutual branch as well as one building of 10,400 square feet and another of about 2,200 square feet
CCA Limited Partnership, Murray, Utah, proposed the project on a parcel bordered by Eastgate Shopping Center to the south, Southpoint Shopping Center to the east and the apartments to the west. The Washington Mutual branch would front Apple Street.
Bob Perry, property manager for CCA, said that when the group developed the site of the 264-unit Carriage Crossing Apartments starting in 1989, it planned to devote 20 percent of the ground it owns to eventual retail and office uses.
“We’ve fiddled around with it off and on for a couple of years. We’re finally ready to go,” he said last week. “We feel like the market is ready.”
Perry said the two multi-tenant buildings and the bank branch would fit in, from a design standpoint, with the apartment complex. Tenants are yet to be selected. Washington Mutual intends to construct the bank branch on ground the Seattle-based bank would lease.
These buildings would sit on a two-acre development south of the entry drive to Carriage Crossing Apartments. CCA owns the apartment complex.
Perry did not give a cost estimate for the project. Features of the multi-tenant buildings are to include gable-style entrances, columns, and a brick-veneer exterior.
Boise firms John Price Architecture and Tamura & Associates Architects are involved in the project. Seattle firm Callison Architecture designed the planned bank branch.
CCA Limited Partnership owns another two acres north of the entry drive to apartment complex. Perry said the group plans another, similar, commercial development on that ground later.
Stan Frazier, first vice president and regional manager for Washington Mutual, said the bank intends to open the Eastgate-area branch in the fourth quarter of this year.
He said the planned Eastgate branch is to feature lowered counters, high-tech “teller towers,” and bankers who greet clients and offer banking services using mobile computers.
It will give WAMU a branch between its downtown office and the branch within a new Fred Meyer store on Federal Way, Frazier said. The bank also has a branch in Columbia Marketplace on South Federal Way.
Commercial banking subsidiary Western Bank has five branches in the area.
Washington Mutual Inc.(NYSE:WM) agreed to buy Fleet Mortgage Corp., a unit of FleetBoston Financial Corp.(NYSE:FBF), for $660 million in cash April 2, in a move that will make the Seattle-based financial services firm the U.S. No. 2 mortgage servicer, news service Reuters reported.