Office

New co-working space planned for Downtown Boise

A new co-working and office space company is set to open its doors in Boise soon.

Office Evolution has applied to build out a space in the One Capital Center building on Main St. - perhaps better known as the CenturyLink building.

David and Anabel Lopez purchased a franchise for the nationwide Office Evolution brand, and have applied to remodel the first floor space into a 5,700 square foot shared working space. The $250,000 permit will remodel a long-vacant bank branch into shared workspace for about 60 folks. 

Office Evolution will offer private offices, shared work spaces, conference rooms with typical office amenities like wi-fi, copiers, a staffed reception desk and the like.

Pricing nationally starts at $349 per month for a dedicated desk, up to $600 or more for a private office.

The concept will compete with Regus - which operates a similar concept in the Banner Bank building and the Trailhead and Trailhead North along 8th Street, among others.

Header photo: OfficeEvolution.com screenshot

Official plans for downtown stadium filed with City; see new renderings

Greenstone Properties took the first official step in making the Boise Sports Park a reality.

The development company's attorneys filed a rezoning request with the City of Boise this week, which outlines the project in detail and requests several parcels get new zoning designations to allow for the mixed-use project the group hopes to build.

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The total site is 11.65 acres in site, including the large former Kmart site (currently home to St. Luke's Health System back office functions) and several other locations nearby.

Boise Sports Park would be anchored by a multi-use stadium configured for both baseball and soccer as well as other events.  The venue could accommodate 7,500 fans for soccer and 5,000 for baseball

The project would also include 60,000 square feet of retail, 300 multi-family housing units, 700 parking spaces and 120,000 square feet of office space.

Two multi-family housing buildings are envisioned - the first would be located on Shoreline Drive and include 40,000 square feet of retail, 240 housing units and public plaza space. The second would be located along Americana in left field of the ballpark with 60 housing units.

A large office building would include 120,000 square feet of offices, plus "integrated event space on roof and balconies."

A parking deck would feature 700 stalls. The letter to the City of Boise emphasizes that many event-goers are expected to carpool to events, or park and ride to the site, and claims the on-site parking is sufficient to meet the venue's needs.

The project would also add a street-level festival-type area:

“Improvements to Shoreline between Americana and 14th to create a festival street, permitting its use for various public and private events connecting Multi-family 1, the Boise Sports Park and Greenbelt."

Geoff Wardle, the attorney who represented Greenstone at a contentious neighborhood meeting last week filed a large 29-page application letter. It goes into significant detail about how the project meets city goals and initiatives.

The document discusses the Blueprint Boise plan that governs growth in the capital city and devotes significant space noting how it complies with the principles and policies put forth.

“The redevelopment of a big box commercial site with a mixed-use project anchored by the Boise Sports Park and with ready alternative access to pedestrians and cyclists within the Downtown planning area satisfy all of these goals," the letter said.

Wardle also said the project meets the downtown-specific parts of Blueprint Boise

“Vibrant neighborhoods do not require cars to get everywhere. In the urban core of the Downtown planning district, Blueprint Boise recognizes that accessibility does not just mean parking; it means the ability to get to and from places by foot, by bike, by transit or by car. The site is unique in its location because it truly facilities the type of accessibility encouraged by Blueprint Boise.”

Both tax dollars and private contributions would fund the project. The Greater Boise Auditorium District, Capital City Development Corporation and City of Boise have all been involved in the project and could each contribute cash or bonding capacity.

The zoning request will head next to Boise's Planning and Zoning Commission, with a date not yet set.

City councilor/CCDC commissioner's building proposal turned down

Scot Ludwig has a very full hat shelf.

He owns a law firm. He serves on Boise City Council. He serves as a CCDC commissioner.

And he hopes to develop a pair of tall buildings in Downtown Boise. (Read here for details on the proposal).

Project rendering via Hummel Architects 

Project rendering via Hummel Architects 

Since BoiseDev first reported the plan early this year, Ludwig has encountered some bumps in the road. KTVB's Morgan Boydston reported a story on ethical concerns raised about Ludwig's tri-role as developer, CCDC commissioner and city councilor. The nascent Vanishing Boise group organized against the project.

Now, the Planning and Zoning commission has denied Ludwig's application for the project.

After a number of community members testified against various elements of the proposal, P&Z moved quickly to block the development.

Commission member Jennifer Stevens moved to deny the application. While she said she is excited about enthusiasm and glad there are developers with the resources to do projects - she had large concerns.

Photo courtesy Vanishing Boise

Photo courtesy Vanishing Boise

She referenced the city’s vision for 5th Street as a pedestrian corridor, and felt the parking structure Ludwig included was a problem.

“I’m really concerned with major access via a ramp, you blow that opportunity out of the water," she said. "You make it much harder to access one of our city’s best resources best amenities of Julia Davis Park.”

Stevens said the area “needs parking, no question about it,” but felt this location and the way it was integrated into the development were not appropriate.

Commissioners also felt the buildings were too tall for the area and denied the needed waiver.

The motion to deny the project was approved 5-1.  

Ludwig can appeal the decision.  His colleagues on Boise City Council would be the body to hear that appeal - with Ludwig presumably recusing himself.

Vacasa to expand Boise space, presence

Vacation rental company Vacasa is increasing its Boise presence after a big funding round last fall.

The Portland-based company will move into the One Capital Center building this June, after a $2.3 million remodel of the second and third floors is completed.  The building at 9th and Main has been morphing after original tenant JR Simplot Co. vacated numerous floors for a new custom-built campus a few blocks away last year.

vacasa-onecap.png

Vacasa will take up 35,000 square feet and will be moving all Boise-area employees to One Cap.

"The new space will accommodate Vacasa's growing team in Boise," CFO Ryan Vestal said. "We have currently 115 employees in Boise and have 11 open roles which can be found on Vacasa's career page."

The new space will bring the Boise team together and allow for future expansion.

"Vacasa's Boise team has seen a lot of growth in the last year," he said. "As our team continues to grow, we need a space that can grow with us."

Vacasa completed a $103.5 million "series B" funding round (jargon for a second round of investment in a company) in October as it continues to grow in a space dominated by Airbnb. Vacasa provides a managed-service approach to home rentals.

Corrects number of Boise employees and date of series B funding. Also adjusts attribution of quote.  

Planned Parcel B building tweaks design, adds drive through

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The proposed office building on Parcel B is getting closer to reality - albeit slightly smaller and with a new feature.

Gardner Co. has submitted a revised design review application for the five-story office building on its Pioneer Crossing development on the southwest quadrant. The overall square footage has been reduced by 18,000 square feet - and a new drive-through is proposed along the east side of the building.

Gardner Co. executive VP David Wali tells BoiseDev the drive through application is for a potential bank tenant.

The plans also call for the removal of a service driveway on the western side of the building - to be replaced by a landscaped berm. 

The office building will be joined on the large site by a parking garage which is nearing completion, a Hilton Garden Inn under construction and a future Panera Bread drivethrough.

Parcel B is located on the block bounded by Front St., Myrtle St., 11th St. and 13th St.  

City councilor plans two towers in Downtown Boise

Boise City Council member and Capital City Development Corporation board member Scot Ludwig plans to build a pair of towers on land he controls at 5th St. and Broad St. in Boise.

On the north corner, Ludwig would build a nine-story office and parking structure on the southeast corner of the intersection, and an 11-story condo building on the north corner.

The two projects would be linked by a skybridge which will contain parking and a terrace over Broad St. - about 44 feet above the ground.

Here's what is planned, according to documents filed with the City of Boise:

  • South property - nine stories
    • Ground floor retail and parking
    • Five levels of parking - including two that span over Broad St.
    • Three stories of office space.
  • North property - 11 stories
    • Four Two-story "live work" units facing 5th Street
    • Third floor office space
    • Two levels of parking, connected to the sky bridge
    • Five stories of condominiums - four per floor
  • 273 parking spaces
  • 24 total condos

The project will need to be approved for both a conditional use permit and get design review approval, as well as a variance. The allowed height for buildings in the area is currently six stories, but Ludwig and his team are proposing to go as high as 11-stories.

Correction: An earlier version of this story stated LocalConstruct was a developer on this project. Ludwig is the only developer listed.   

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Lights out, party's over: Powerhouse to get new purpose

The Powerhouse Event Center near the I-184 Connector will rock no more.

Over the past twenty years, the building has hosted hundreds of events with various owners - from concerts, to proms to award shows and more.

In March, the Idaho Statesman reported the last events promoter had been sued by more than 17 investors -- a lengthy tale that ended with the Powerhouse closed since early 2016.

Now, filings with the City of Boise show the Powerhouse will enter a new chapter: a real estate office building.

Courtesy Ada County Assesor

Courtesy Ada County Assesor

Windermere Real Estate has applied to convert the building from event space to "general business offices for a real estate office."  The existing main level and mezzanine would be kept, but occupancy would be decreased from 867 people to just 75. Windermere plans to spend about $100,000 to remodel the structure.

The building was constructed in 1912 according to Preservation Idaho, and used by Idaho Power and predecessor companies as a power operations building.

It was converted in 1999 and opened as the Powerhouse events center in 2000.

Kount to 10th: Boise ecommerce co. to move downtown

Courtesy Sawtooth Development

Courtesy Sawtooth Development

Growing Boise fraud and risk management software startup Kount is set to move to a new headquarters downtown.

They will move into the 100-year-old Langroise Building - aka John Alden Building - aka 10th and Main.  The former home to John Alden Insurance has been vacant for some time, but Sawtooth Development is reworking the property after finishing up the attached One Nineteen condos project next door.

ALSO READ:
Coffee joint planned for long-vacant 10th and Main building

Kount counts 100 employees presently at its current building along the Boise River in the Lusk neighborhood,, but says that number will jump to 200 by the end of 2019.  They will take up more than 35,000 square feet in the building across several floors.

“From the proximity of the Boise State computer science program to the dynamic growth of food, entertainment and retail options in surrounding blocks – Downtown fits the culture of our company and supports and energizes our talented team which is at the core of Kount’s success,” Kount Vice President of Human Resources Kate Lenz said in a prepared statement.

As reported yesterday on BoiseDev, Sawtooth plans a total revamp of the building.

“Working with design partners CTA, Tenth and Main will showcase a contemporarily designed facade, floor to ceiling windows, an upgraded lobby, new elevator, and a potential 5th floor expansion," Sawtooth Development Group CEO Shane Felker said in a prepared statement.

 

 

Micron plans large new office building on Boise campus

Micron Technology is expanding its Boise campus with the addition of a large new office complex. 

The company has applied to the City of Boise to construct a three-story building with a total of 225,000 square feet of space. Compare that with the new JR. Simplot Co. headquarters in Downtown Boise which is 265,000 square feet over nine stories.

The new structure will be built on a current parking lot and be known as "Building 37" and will be placed right next to... you guessed it... Building 36. The company says 37 will be linked to 36 on at least one level and possibly two. Renderings obtained by BoiseDev show a skybridge structure connecting the old and new buildings. Renderings also show the building festooned with several Micron logos, which should be visible from Federal Way

The memory maker is also in the process of building out a new research and development lab elsewhere on the campus known as Building 51.  That is part of a $200 million R&D expansion according to the Idaho Statesman.

A Micron spokesperson could not comment on the building's purpose - but said details would be available in coming weeks.

Micron's new CEO Sanjay Mehrotra is slated to speak at a Boise Metro Chamber event on July 27th.

Building 37 will get its day in front of Boise's Design Review group next month.

Idaho Business Review to leave downtown space

The Idaho Business Review newspaper is ending its lease on space at 9th St. & Broad St. in Downtown Boise.

Hawkins Co. has the 4,891 square foot space listed for lease on its website. Loopnet indicates the rate is "negotiable."

"I can confirm the lease with Hawkins Co. will expire in August and the Idaho Business Review will be relocating into a new office space August 1st," IBR associate publisher Cindy Suffa said in response to a request for comment. Suffa did not elaborate on where staffers would relocate. 

The parent company of the Boise-based business paper was acquired by large newspaper conglomerate GateHouse Media in 2016. GateHouse says it operates in more than 500 markets across the United States.

hawkinscompanies.com screenshot

hawkinscompanies.com screenshot

WinCo planned for Chinden & Linder, Costco possible

This farm land will soon trade hay bales for food sales

This farm land will soon trade hay bales for food sales

Plans are in for the Linder Village development at Linder Rd. & Chinden Blvd. in Meridian. 

The massive development sits on a 78-acre property on the southeast corner of the two major roads - directly across from a Fred Meyer store.

WinCo Foods rendering

WinCo Foods rendering

Application documents filed with the City of Meridian and requested by BoiseDev show the project would include a large "grocery use" - and renderings have been included that depict a WinCo Foods store.

Looks like the corner of a Costco store. Walks like the corner of a Costco store... 

Looks like the corner of a Costco store. Walks like the corner of a Costco store... 

Nearby, a larger unnamed box store is included - but the site plan design and layout all match the specifications for Costco stores, with the "triangle cut" corner entrance. An adjacent area is also formatted similarly to Costco fuel centers.

In April, Meridian Press reported a meeting between the developer and city officials - in which reps for Costco and WinCo both attended. Costco officials have repeatedly refused comment to media outlets when questioned.

Next to the WinCo store would be a variety of small retail shops, plus space for a medium sized box store retailer. A pair of future drive-thru buildings are also noted in the plan.

Closer to the intersection, the plans show a mixed-use office and retail environment.

ALSO READ:
Four restaurants coming to Chinden & Linder

As many as 17 buildings are depicted in the plans filed with the city.

Linder Village flier

Linder Village flier

"Buildings will be designed in a traditional modern theme and will incorporate a variety of high-quality materials including stone brick, stucco and timber," Craig A. Slocum with CSHQA wrote in the application to the City of Meridian. "These natural materials will be trimmed or accentuated through the use of more finished material such as chrome, aluminum or gloss painted trims. " 

A new stoplight is planned Chinden Blvd. at Bergman Way - and has been approved by the Idaho Transportation Department.

Future development could include more big box-type stores and residential development for as many as 60 homes, according to the filings.

The project will have to be annexed into the City of Meridian.

This will be Boise-based WinCo's third Meridian store. The second location is currently under construction on Overland Rd. between Eagle Rd. and Locust Grove Rd. It will be the 8th in the Idaho portion of the Treasure Valley (a ninth store is branded Waremart by WinCo in Ontario).

The new Costco, if it comes to fruition, would be the Treasure Valley's third - after locations on Cole Rd. in Boise and in Nampa.

The area has a heck of a lot of villages. Vista Village came first, followed by Cole Village, Columbia Village, Village at Meridian and now Linder Village. It takes a village of villages.

Plaza Seven to get revamp for hotel remodeling company

Colliers International Sales Flier Sscreenshot

Colliers International Sales Flier Sscreenshot

Boise's Plaza Seven has been purchased by Zelham, Inc. - a Garden City-based company which specializes in remodeling hotels across the country. 

The average hotel gets a revamp every seven years - and Zelham specializes in that process. The company moved to the area in 2004 "to take advantage of the quality of life and outdoor activities."  Projects the company has worked on locally include the Grove Hotel, Hampton Inn Boise Spectrum and Springhill Suites on Cloverdale Rd.

Located on Fairview Ave., Plaza Seven was constructed by KTVB Television in 1973 (hence the "7" name), and was sold by later owner Providence Journal in this 1990s, leading to a string of owners for the property.

Zelham purchased the building and will begin a renovation on the vacant first floor to house the company's corporate HQ.

The second floor is home to the studios of Scripps radio Boise (KRVB/94.9 The River, KTHI/107.1 K-Hits, KQXR/100.3 The X and KJOT/J-105), and the Idaho Nonprofit Center - both of which will remain.

The remodel is valued at $200,000.

Large industrial building planned near Micron

Brighton Corp. has applied to build a 120,000 square foot warehouse project on Federal Way across from Micron Technology in Boise.

The project would be set up for up to eight tenants to take as much as 15,000 square feet of mixed warehouse/office space.

"We feel this project is in short supply in the Boise Industrial marketplace and will be an improvement to the neighborhood," applicant LM Construction wrote in its letter seeking design review approval for.

The project will go in front of Boise's design review group on May 10th.

Stadium or not, tenant expansion for iVinci Health

One of the questions we couldn't find an answer to was whether the AgriBeef building at the corner of Shoreline and Americana would be part of a proposed stadium complex in Downtown Boise.  The owner of the building, AgriBeef's CEO, didn't respond to request for comment, as did owners of the group that hopes to build the stadium.

But current tenant iVinci Health has filed with the City of Boise to expand its space in the building, according to filings.

iVinci calls itself an "entrepreneurial healthcare financial technology company" and has filed to add 1,300 square feet to its existing first-floor space.

Skyvue Grill torn down - new project coming

Our friend Dave Fotsch snapped these pictures of the Skyvue Grill on Fairview Avenue near Orchard St. being torn down this week.  

The one-time Rockies Diner car hop location is headed to the landfill to make way for a small office park. A 5,900 square foot complex was approved through Boise's Design Review process last May. Jim Conger's Conger Management Co. is listed as the project's developer.  Conger owns an existing office project to the north of the site.  

"I was forced to proceed with this project or face the consequences of another paved parking lot turning into a used car sales business," Conger wrote in requesting design review approval of the project.

Elements of the existing sign are to remain, according to the filings - and the project will be named the "Skyvue Business Park."

SkyVue opened in the former Rockies space in 2014 - but closed after just more than a year. The space has been vacant since.

News release: State of Idaho to buy H-P campus

The State of Idaho will purchase the H-P campus on Chinden Blvd. in Boise - and will lease back a portion to the company.

A parcel on Shoreline Drive currently owned by St. Luke's Health System was also in the running for this RFP process. That Shoreline parcel is also a possible location of a downtown Boise Stadium project. St. Luke's officials told BoiseDev yesterday that they could not comment if there are other parties beyond the stadium group looking at buying the land.

(BOISE) – The Idaho Legislature is considering a concurrent resolution authorizing the State to negotiate the purchase of the local campus of HP Inc. as a new home for the Idaho State Tax Commission and several other State agencies.

Approval by the House and Senate would enable the Idaho Department of Administration “to enter into agreements with the Idaho State Building Authority to provide financing to construct new, or purchase existing, office and or warehouse space to establish a single destination complex to house state agencies.”

In the meantime, the Department of Administration has signed a non-binding letter of intent to enter into talks with HP to purchase the complex on Chinden Boulevard between Five Mile and Cloverdale roads.

The facility where the Tax Commission now is housed, on Park Center Boulevard near downtown Boise, was purchased by St. Luke’s Health System last year to meet its own facility needs. In late October, the Department of Administration issued a request for proposals for new or existing space where the Tax Commission and possibly other State agencies could be located as their more expensive leases expire. It received 46 responses.

“The unexpected and expeditious need to locate space for the Tax Commission has led us toward considering a permanent solution,” Administration Director Bob Geddes said. “Relocating large agencies such as the Tax Commission is very expensive and the disruption in service is inconvenient for our taxpayers. While researching options it made sense at the same time to anticipate the imminent needs of other State agencies leasing space in the area.”

The State now leases more than 800,000 square feet of office and warehouse space in Ada County at an annual cost of $12.2 million.

The HP property is almost 200 acres and includes eight buildings with approximately 1,346,000 square feet of office space and 200,000 square feet of warehouse space. The purchase price is estimated at $110 million and an additional $16 million is included in the bond estimate for building renovations, for a total investment of $126 million.

As part of the proposed purchase and sale agreement, HP would lease-back over half the office space in the complex for an initial seven-year term. The State also will assume third-party leases with other entities already located on the campus. The State initially will use 152,000 square feet of office space, increasing to 366,000 square feet in 2020 as those other third-party leases expire.

“This opportunity for an agreement with a valued business leader will benefit both parties and addresses a pressing need for the State of Idaho,” Governor Otter said. “We’ve been looking hard for the right place at the right price for our agencies, and the HP campus really fits the bill. A great employer is reinforcing its commitment to Idaho and the State is saving money, so it’s a win-win.”

“This provides the State of Idaho with a long-term solution to our Boise-area facility needs at a reasonable price. It’s a sound and responsible investment that will help us maintain our commitment to living within the people’s means,” House Speaker Scott Bedke said.

“With business booming, lease rates in the Boise area are rising. And new construction would cost taxpayers twice as much as this plan. The numbers don’t lie: This is a great deal for Idaho,” Senate President Pro Tem Brent Hill said.

A second piece of legislation will amend Idaho Code 67-5708 to allow the Department of Administration to accept existing leases incidental to the acquisition of a facility by the Idaho State Building Authority. Revenue from the lease-back and third-party leases – combined with rent collected from State agency occupants – should be enough to provide for the purchase and operation of the HP campus facilities without additional burden to the State.

Boise gets ready for this Jelli

Jelli, a company that brings Internet-like advertising features to radio, is opening a Boise office. 

They've applied to take a space in the Drake Cooper building at 8th and Myrtle in Boise. We're told about 40 employees will be based downtown, including engineering positions. Presently the company has a variety of Boise-based jobs posted on its website.

Right now, the radio spots between the Beyonce songs you hear on the radio are purchased by calling a salesperson and working out an advertising schedule - which can be less-than-efficient. Jelli and other companies focusing on television promise to change the marketplace to allow programmatic buying - essentially the way most ads are purchased online.

The company is backed by iHeartMedia among others.

Trailhead expands with "North" co-working space

Boise business incubator and startup accelerator Trailhead has added a second space with a slightly different idea and mission. 

The location, in the 8th Street Marketplace's Mercantile building (the Bodovino building), gives entrepreneurs and startups a space to start businesses while keeping overhead costs down.

A large, bright open space features room for about 30 desks. Each is a dedicated space where users can leave monitors, mugs, pens and the like.  Five private offices ring the space - hosting startups like Natural Intelligence, Lovevery and Reply Pro.

The space currently hosts the temporary home of Clickbank, but that space will soon become home to Trailhead's Code School.

Entrepreneurs can share two reservable conference rooms and two "ad hoc" rooms for phone calls and the like.

During First Thursday, Boise's mayor hosted an open house at Trailhead North.  He noted that the non-profit organization fills a void in Boise's economic landscape.

"(Trailhead) is a startup - it's a startup itself. There was real risk in doing this - but even more risk in not doing it," Mayor Dave Bieter said.

Trailhead is supported by funds from the Capital City Development Corporation and City of Boise, and private entities like Wells Fargo (which presented a donation Thursday), J.A. & Kathryn Albertson Family Foundation and Micron.

Disclosure: Day365, which operates this site, is based out of Trailhead North. Sometimes the dev news comes to us.

Trailhead's Raino Zoller grins as Boise Mayor Dave Bieter recieves a check from Wells Fargo's Flip Kleffner

Trailhead's Raino Zoller grins as Boise Mayor Dave Bieter recieves a check from Wells Fargo's Flip Kleffner

Paylocity to shift 500 future jobs from Boise to Meridian

EXCLUSIVE

The City of Meridian is set to get a windfall from a major HR company.  Paylocity, which earlier announced plans to locate 500 jobs in Downtown Boise, has instead decided to base those employees in Meridian, BoiseDev has learned.

A few employees are already based in the CW Moore Plaza, but hundreds more are expected to be hired in coming years.

They will be housed at a new 62,000 square foot, five-story facility at Gardner Co.'s Ten Mile Crossing Development. They will be joined by AmeriBen/IEC and Brighton Group at the new corporate campus. It is expected to open by May, 2018 with a groundbreaking this spring.

After BoiseDev.com broke the story Tuesday morning, Meridian Mayor Tammy de Weerd formally announced it at an Idaho Business League event.

"We’re excited to have Paylocity as one of the newest businesses," she said. "We’re excited to have this new corporate partner as a Meridian business.”

Job functions include client service, implementation, tech service and software development, according to de Weerd.

In a 2015 story, the Meridian Press noted Meridian was a close runner-up to Boise, but after two years of negotiations and decision-making, it appears the situation has shifted.

Rose Room to close, make way for Balsam Brands

RoseRoom.info

RoseRoom.info

The Rose Room events center in Boise's historic Union Block is set to close, BoiseDev exclusively confirmed. 

 "It will close as an event room next spring, and reopen as offices in the summer," building owner Ken Howell said.

Redwood City, CA-based Balsam Brands will take over 17,000 square feet of space in the building - including the event center, space currently used for small offices and an overflow dining room.

Balsam currently has space in Meridian in the Central Valley Corporate Park. The company says it will relocate to the new, high-profile space in the downtown core.

Fake Christmas trees and other holiday decor are Balsam's primary product - and Forbes featured it as a Small Giant startup last year. It was founded in 2006 and now earns more than $100 million in yearly revenue.

Completed in 1902 for just $35,000, the building is a cornerstone of Downtown Boise architecture. It houses retail tenants like Old Chicago along with a mix of small office tenants on the second floor. 

The Rose Room has hosted thousands of events over the years - primarily wedding receptions. 

Howell told me earlier this month that the new tenant would possibly impact some current tenants but it wasn't clear how. Balsam says a final remodel plan for the building will be finalized this spring.