The Opus Group has begun construction on a new eight-story, mixed-use development in Downtown Boise for co-developers River Caddis and Standard Capital.
The nearly 300,000-square-foot building, to be completed by summer 2021, will bring 173 new residential units to the area as well as 3,000 square feet of retail on the ground level.
Located on the corner of South 3rd and West Myrtle streets, the apartments will offer a mix of micro, one- and two-bedroom floor plans, according to a news release announcing the project start. While rental prices were not disclosed, the company described the units on the upper levels as “luxury” style apartments.
The second, third and fourth floors will primarily serve as parking, with 400 parking stalls and bike storage that will be privately managed by Ada County. The fifth floor will consist of apartments, along with a fitness center and landscaped rooftop courtyard offering mountain views. Floors six through eight will have additional residential units.
Minneapolis-based Opus is the design-builder, interior designer and architect and structural engineer of record. River Caddis and Standard Capital are the co-owners and co-developers, and GGLO is the design architect for the project.
Seattle-based GGLO is well versed in Boise buildings. The firm did the initial design for The Afton condos, designed the new Boise City Hall Plaza and Indian Creek Plaza in Caldwell.
River Caddis Development has acquired, developed or redeveloped multi-family and commercial projects in Michigan, Texas, Ohio and Florida. River Caddis also has developed several student housing projects around the country.
“We look forward to working alongside River Caddis and Standard Capital on this project,” said Jeff Smith, vice president of project management and construction at Opus. “With our integrated approach, this development will serve the fast-growing community and offer an attractive housing option in a bustling part of downtown.”
“This is an incredible opportunity to develop an in-demand mixed-use development on this downtown parcel, and the public-private partnership between Ada County, Standard, Opus, and River Caddis will deliver a lasting, positive impact to the community,” said Robert Koerner, the head of Midwest operations for Standard Capital.