Parkway Station Lot 50 Garden City , ID

Parkway Station is a mixed-income, planned neighborhood in the quickest growing cultural and arts district of Boise, the enclave of Garden City. Lot 50 is located less than a quarter mile from the Boise River and the central pedestrian and bike pathway of the Greenbelt that runs up and down the river. It is less than a mile from the waterfront park with its surfing, paddleboarding and other recreational activities, and less than 3 miles from downtown Boise with all the activities and employment opportunities available there. This vertical mixed-use development is comprised of a mix of multifamily units. These are spread between two buildings on top of a parking structure with a green roof courtyard between them.

Project Details

Units:

143 total residential units

20 studios (466 sqft)

83 1 bed/1 bath (466 to 743 sqft)

40 2 bed/2 bath (971 to 1,132 sqft)

Square Feet:
132,135
Entitlements:
Permit Ready
Construction Length:
16 months
Long Term Financing:
65% Loan to Value Max
Estimated Total Cost:
$40.832 MM
Target IRR:
27.39%