Boise developer finds a strong apartment market in Twin Falls

Teya Vitu//May 14, 2018//

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Canyon Falls in Twin Falls will supply 40 townhomes within a short walk of the Snake River Canyon rim. Photo by Teya Vitu.

Boise apartment developer Dave Scaggs expects to finish his first Twin Falls project by early July and he already has two more Twin Falls projects in mind.

The 80-unit Canyon Falls Townhomes, comprised of 20 four-plexes, sits in the Canyon Crest area, behind the Hilton Garden Inn and near the touted Elevation 486 restaurant that overlooks the Snake River Canyon.

“Everything around there is new,” said Scaggs, owner of Summit Development. “I have family that lives there. I’ve always been intrigued by Twin Falls. I almost moved to Twin Falls at one point.”

The $8 million Canyon Falls project, however, came about unexpectedly.

“We were coming back from a sportsman show in Salt Lake City,” Scaggs said. “We were staying at the Hilton Garden Inn. I woke up and saw that open lot out the window. Are you kidding me? There’s a ‘for sale’ sign. This is perfect.”

Scaggs now also has plans for 112-unit Cedar Park apartments and preliminary plans for another 84 townhomes, both projects near Addison Avenue and Carriage Lane, close to the huge Chobani yogurt factory in Twin Falls.

Summit Development started vertical construction on Canyon Falls in December with move-ins expected in early July. Studio L Architecture of Boise is the architect.

All the Canyon Falls units are 980-square-foot two-bedroom; Scaggs expects they will rent for more than $900 per month. All the units will have granite countertops, black and stainless steel appliances, alder trim cabinets and fenced patios, he said.