Concordia University, based in Portland, Ore., has purchased the building at 501 Front St. and an adjacent property in downtown Boise to house the new Concordia University School of Law.
Chief Financial Officer Dennis Stoecklin said the $8.5 million project will begin this month with demolition and renovation work of the building at the site. Enrollment is expected by fall 2011.
“We’ve been working on this project for the last two to three months,” he said. “This means we can keep the accelerator to the floor and keep moving ahead.”
The existing two-story, 17,000-square-foot building will become the law library and renovations will commence within the next 30 days. In addition to modifications to the existing structure, an additional three-story, 33,000-square-foot addition is planned for completion in June 2011. The completed structure will meet the law school’s need for classrooms, offices and amenities.
The architect is Group Mackenzie, of Portland, and the general contractor is Union Corner Construction, of Vancouver, Wash., who plans to source jobs and subcontractors locally from the Treasure Valley.
Following a year-long review of approximately 40 potential sites, the downtown Boise location proved ideal for Concordia University School of Law, with its close proximity to the courts, state and local governments, and law firms.
“Today is another important step in Concordia University’s commitment to this community and to providing another important academic center of excellence in the heart of Boise,” Law School Dean Cathy Silak said in a release. “The collaboration and good will of multiple parties and the City of Boise resulted in a smooth and positive outcome.”
The purchase price was not disclosed. Colliers International of Boise (with George Iliff and Lou Manglos) was the brokerage working with the university.
“We’re excited to be a part of the process,” said Iliff. “We spent quite a bit of time investigating alternatives throughout the Boise area. It was always their desire to be in the downtown area. We feel that the Front Street building and the construction that will be added to it will be the best that we could have found in the immediate downtown.”
Total project will be $8.5 million and includes acquisition, renovation and construction. A groundbreaking for the addition is scheduled for June.