A large parking lot structure will be transformed into a half-acre park and nine-story office space in downtown Boise.

Construction is already underway for the development, which will help meet the growing needs in the area.

The new office building and park are expected to open by next summer.

Community members voiced a desire for greater outdoor gathering spaces and artwork.

Redevelopment officials believe the new project will become a destination for residents, city workers and tourists.

The large public investment aligns with the region’s growth goals. As more people move into the Boise area as housing demands go up, the community realized it needed more amenities to accommodate new residents.

The nine-story commercial space will include a bottom row of restaurants.

Grassy areas for events, stage, outdoor seating and a 23-foot-tall gentle breeze structure that moves with current weather conditions will be part of the half-acre park.

Leaders envision the new development will address the growing economy and help support local business.

Despite the many challenges stemming from the pandemic, Boise remains optimistic about the future. It is creating new jobs and new destinations for its residents and visitors.

If you’re thinking about moving into the region, please contact us today to learn more about all the excitement that’s building up in Boise.

We can also assist you with finding a home loan program that makes sense to you. With so much going on in the real estate market, including historically low interest rates, you can count on us to provide the know-how and experience to get the job done.

There’s a lot happening, and you can be part of the upward momentum in Boise right now.

Home prices and home rental rates are on the rise.

In Idaho, renters are paying nearly 10% more since the pandemic first began in Idaho.

According to Apartmentlist.com, the median rent price jumped by 9.4% between March and October.

A one-bedroom apartment went for about $784 in March. By October, the price leaped to over $850.

A two-bedroom now demands over $1,000 several months into the pandemic.

Some residents are even turning to special assistance to help them absorb the new rental rates.

The price hikes are nothing new. Every year, rental properties in Boise have gone up. Year over year, rental prices are up by 7.4%.

The realities of renting are motivating people to take matters into their own hands through homeownership.

As a homeowner, you won’t have to worry about surprise increases to your monthly living expenses. With a fixed-rate loan, you have total control of your payment that’s based on what you can afford. Low rates and comprehensive mortgage programs will accomplish that.

Overtime, homeowners will also earn home equity. This is the difference between how much the home is worth and how much is still owed on the loan.

Despite the pandemic, home prices have continued to soar, which means homeowners are earning more and more equity with each passing month.

When you’re paying someone else’s mortgage as a renter, saving money becomes more difficult and earning equity is impossible.

In addition, homeowners also enjoy tax benefits through deductions of their mortgage interest and property taxes.

These write offs can add up quickly, providing homeowners with a nice year-end reward for paying their mortgage and taxes.

Financial perks are not the only incentive.

As more individuals are being asked to work from home for an indefinite amount of time, homeownership in single-family units is becoming more appealing. As a homeowner, you have the ability to pick and choose features that fit in with your family needs and lifestyle while enjoying some much-deserved privacy.