Three companies have won the bid on the redevelopment of a piece of property owned by the state.
Boise-based Hawkins Companies and Eagle-based The Pacific Companies are commercial real estate development firms. Ogden, Utah-based FJ Management is the parent company of convenience stores Flying J and Maverick.
The consortium was chosen for the redevelopment of the former headquarters site for the Idaho Transportation Department (ITD) at 3311 W. State Street in Boise. The property is 44 acres.
“After a thorough and competitive bidding process, these three companies emerged as the highest bidder to transform this prime piece of real estate into a dynamic and innovative development that will contribute to the growth and vibrancy of Boise and the entire state of Idaho,” the ITD stated in a release.
The ITD is now headquartered at 11331 W. Chinden Boulevard in Boise.
The terms and conditions of the sale have not been finalized yet but should be agreed upon in the coming weeks. ITD decided last year to sell the property and state code required the Department of Administration to start the process for selling the property at the “highest price possible,” according to the release.
There is no word on what the three companies are planning on building at the site.