Pocatello intermodal terminal opens
The intermodal rail terminal at the Union Pacific railyard in Pocatello held a ribbon cutting ceremony to celebrate its completion on Sept. 1. Gov. Brad Little was one of the speakers at the event. The terminal is owned and operated by Savage Services of Midvale, Utah. Savage began work on the terminal in March. The target commodities for the terminal are agricultural products for trans-Pacific export out of ports in the Pacific Northwest. Before the terminal opened, Idaho ag products for export had to be shipped by truck to coastal ports like Seattle/Tacoma or to intermodal facilities in Salt Lake City.
New Meridian multifamily project
CBRE has secured $39.65 million in construction financing for multifamily developments, including one in Boise. Meritage West, an 83-unit market-rate multifamily community located at 13450 W. Baldcypress St., is adjacent to one of Meridian’s most prominent shopping centers, The Village at Meridian. The 67,750-square-foot, four-story building will be constructed on a 2.43-acre lot and host studio, one-, two- and three-bedroom apartments. Amenities include a resort-style outdoor pool and spa, clubhouse with lounge areas, game room, fitness center, secure parcel room and pet spa. Bruce Francis, Doug Birrell, Shaun Moothart and Bob Ybarra of CBRE arranged the loans on behalf of the developer, Pacific Partners Residential, an Idaho-based multifamily development firm.
Bank of Idaho plans Treasure Valley ribbon cuttings
Bank of Idaho has expanded and opened two new locations during 2020 in the height of the coronavirus pandemic. Due to not being able to commemorate its expansion and hard work in 2020, an announcement stated two celebrations will ensue this month. The celebrations will take place from 4-6 p.m. on Sept. 13, at the Nampa location, and the second from 4-6 p.m. on Sept. 14 on Overland Road. Beginning in 1985 in eastern Idaho Falls, the bank opened its first location and branch in Boise in 2019. The new branches have been open for more than a year now, but Bank of Idaho President and CEO Jeff Newgard said he feels it is important to commemorate the growth and success of the business.
Idaho Central Credit Union opens new Meridian branch
Idaho Central Credit Union (ICCU) has opened its 42nd branch at 85 S. Innovation Lane in Meridian. This state-of-the-art building features a large waiting area, eight teller stations and eight financial service stations. The facility includes a full-service vault with safety deposit boxes available for members, according to a recent announcement from the credit union. Several architectural features in this branch have been included for maximum energy efficiency. There is enhanced HVAC, all LED lighting and tall windows and ceilings that brings natural light penetration to the core of the building. Outside the branch, three drive-thru lanes are equipped with 15-inch high-definition video teller systems. The fourth lane will be used for ATM access.