11/13/2022 0 Comments Postview vmi.![]() “We’ve got a lot of anxious buyers, anxious to get in there,” he said. Because of that, he expects to be able to stick to his goal of moving some residents into the building by the end of the year. “They were out there pouring in the snow,” he said. Construction crews only lost one or two days of work this winter, Kimball said. Snow didn’t stop construction on the 70-condo project on Front Street between Eighth and Ninth streets. If the project stays on schedule, they should be able to top out the 17th floor penthouse by the first week of July, he said. Kimball planned to pour the eighth floor by the end of March and floors nine, 10 and 11 in April. The Aspen: Crews started pouring concrete for the seventh floor of the Aspen earlier this month, developer Scott Kimball said. Two of the units have already sold, she said. Starting prices for the two- and three-bedroom units are $197,500. But there are no income restrictions, Black said. NHS designed the project as “workforce housing,” affordable to people making 80 to 140 percent of median income. The organization had received its occupancy permit for the first two buildings by mid-March and expects to receive occupancy permits for the other two buildings by the end of the month. Grand Avenue Townhomes: Neighborhood Housing Services was putting the finishing touches on 20 townhouses on Grand Avenue between 14th and 15th streets last month, staging furniture in some of the homes to prepare them for tours, interim Executive Director Bea Black said. Ten of the 26 condos had already been sold as of mid-March, and Bob Hosac expected another to close in two weeks. As of last week, the company was just “shining off the doorknobs and things,” developer Bob Hosac said. recently completed the six-story Royal Plaza building at 11th and Main streets. The two five-story buildings, located at the corner of 13th and Myrtle streets, contain 77 condos. As of last week, the company was cleaning the building, checking the finishes for flaws, performing fire-testing and other inspections, Vice President Ken Hosac said. finished its first building in CitySide Lofts in 2007 and expected to complete the second building by the end of March. Half a dozen others are on hold until real estate and financial markets improve or until the developers finish redesigning them in response to shifting markets.ĬitySide Lofts: The Hosac Co. Two downtown projects are bankrupt and a third is in foreclosure proceedings. Two projects that are still under construction, the Aspen and the Jefferson, could add another 110 condos to the downtown market.īut beyond those, the future of the housing in downtown Boise depends on the markets – and the courts. A 2004 study commissioned by CCDC identified substantial demand for downtown housing. There were 43,000 workers downtown and only 2,000 dwelling units as of 2003, according to the Capital City Development Corp. Three residential buildings finished this month have added more than 120 homes to downtown Boise and its periphery. ![]()
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