Union 93 – Meridian, ID
Meridian is one of Idaho’s largest markets, enjoying consistent, sustainable housing growth. Union 93 will provide 400+ housing units of residential workforce and market rate housing to this community currently experiencing surging population growth. Key office tenants who want to be in the downtown Meridian area are looking elsewhere due to the lack of options to locate in downtown. Meridian in 2019 grew to 114,680 residents, up 7.21% increase from the pervious year.
This large-scale mixed-use development is transformative to the City of Meridian and to the adjacent historic downtown urban core.
Project Details
- Units:
340 Residential Units
670+ Stall Parking Structure- Square Feet:
- 398,800
- Entitlements:
- Construction start Q3/2020
- Construction Length:
- 20 months
- Long Term Financing:
- 65% Loan to Value Max
- Estimated Total Cost:
- $75.23MM
- Target IRR:
- 21.51%
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