Multiple offers received for 44-acre property in downtown Boise

A highly sought-after 44-acre property near Downtown Boise has been listed for sale, presenting an opportunity for redevelopment along the scenic Boise River. The State of Idaho has decided to sell the former Idaho Transportation Department (ITD) campus located at Whitewater Park Blvd. and State St. TOK Commercial, the designated listing agent, accepted offers until July 14th.

According to the Department of Administration, TOK Commercial has received nine offers for the Whitewater property. These offers are currently being reviewed by a committee consisting of representatives from various state agencies. Once the committee makes a selection, contract discussions with the chosen bidder will begin.

This property is considered the largest available parcel for development in the downtown, west, or north end markets. It is located along State Street/HWY 44 and features a waterfront setting on Esther Simplot Pond. Positioned in close proximity to a densely populated residential area and just outside the downtown core, the site offers exceptional opportunities for both residential and commercial mixed-use development.

The substantial interest shown through these multiple offers emphasizes the potential of this prime property. Its proximity to Downtown Boise and location along the Boise River have attracted attention from developers and investors. As the review process continues, the industry eagerly awaits the committee’s decision, which will shape the future development of the area. 

According to the listing:

This property,  located at 3311 State Street, delivers an unprecedented Boise offering to purchase the expansive ~44 acre parcel — the largest developable parcel in the downtown, west or north end markets. The property fronts State Street/HWY 44, sits directly on the shoreline of the gleaming waters of Esther Simplot Pond, is just outside of the downtown core and is surrounded by the highest density residential in Idaho.

The property is interconnected with the most populous areas of the Treasure Valley, serving as a center point to commuters from downtown, the north end, and west end to Garden City, Meridian, Eagle, and Star. Located on State Street/HWY 44, one of valley’s oldest transportation spines, the property is exposed to over 31,892 vehicles per day.

This location delivers an all in one Boise experience — connectivity, recreation, and lifestyle.

While abundant in population, outdoor opportunities, education, employment and ease of commute, this area is highly under-served in amenities, displaying a premier opportunity for mixed-use development of the site.

The developer describes the parcel as a “once in a lifetime development parcel (with) the potential to transform the highest density, most desirable residential area in Idaho.”