IDAHO 500 | 

Michael Hormaechea

Organization
Hormaechea Development LLC
Title
Owner/Manager

Michael Hormaechea has led Hormaechea Development for 28 years, specializing in real estate development and redevelopment projects throughout Boise. His most significant recent accomplishment was completing the historic rehabilitation of The Avery Hotel & Brasserie, a complex project requiring extensive collaboration and complicated financing.

“This project required extensive collaboration with a large team of partners, a complicated financing structure and utmost diligence during construction,” Hormaechea said. “The result is a beautifully restored hotel and restaurant in downtown Boise that has been very well received by the community.”

His biggest challenge has been adapting to unexpected difficulties. “Not knowing what I don’t know,” he said. “Every project I have ever done brought a new surprise, a new challenge to overcome.”

Hormaechea primarily targets infill sites, replacing vacant lots or underutilized buildings with new developments. His goals include launching a multifamily apartment project in McCall to address workforce housing needs in Valley County.

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