Ball Ventures Ahlquist announced the creation of a new 114-acre mixed-use development in Caldwell on Jan. 21.
The North Ranch Business Park will be just past the Flying J truck stop, to the east of the Franklin Road interchange on Interstate 84.
The development will include an estimated 1,473,385 square feet of flex and commercial space and 81,900 square feet of retail and medical office space.
According to BVA CEO Tommy Ahlquist, the location could not be better.
“We were looking for more properties where we could place product close to the freeway, and it met every one of our requirements,” Ahlquist told the Idaho Business Review. “It’s been a great acquisition for us … It’s right next to the freeway entrance and right across the street from Sky Ranch (Business Park), which has been very successful.”
Ahlquist added: “We acquired it from St. Luke’s (Health System) late last year. They had it for a while with plans to put something on it in the future, but their plans changed. They put it on the market, and we purchased it from them.”
According a BVA news release, the firm hopes to begin construction this year. BVA already has several tenants lined up. Ahlquist expects that it will take three to five years to develop all the available sites on the property.
The property features frontage along U.S. Highway 20/26, which is Franklin Road locally. Smeed Blvd. and the Ambassador RV Resort border the property to the east.
The preliminary design of the business park currently places several industrial buildings on the north end of the property, backing against farmland to the north and an existing residential neighborhood immediately to the west. Smaller footprint retail and office facilities will line the southern perimeter. The plan shows flexible-use commercial development inbetween in the middle of the site.
Ahlquist expects the exact details will change depending on the needs of future occupants: “I think it will be predominantly a light industrial product (at North Ranch). But again, you never know, right? … So we like to be flexible. We like to have great sites that really attract great companies, and there’s a lot of flexibility within our sites to meet their needs.
“We want to ensure that these companies have quality buildings with visibility and unmatched freeway access so they can flourish. North Ranch checks those boxes. We have enjoyed working with the City of Caldwell over the years and are excited to continue our partnership on this development.”