Boise Tower/Boise Place/Boise’s Hole
The saga on the corner of 8th and Main in downtown Boise continues. What was to be Boise’s tallest building in the early 2000s has become the northwest’s most infamous hole. The Idaho Statesman gives us a great time line in their article on the recent bankruptcy filings of the Boise Hole Place developer. Can you believe they (the original developer, not the latest one) signed a development agreement ten years ago?
Eventually, it will be built, but at this rate I don’t know how they’ll ever secure funding from a lender or deposits from future condo buyers. I know I’d be hesitant to pay a reservation fee to secure a condo in the Boise Place. And as far as I know, most condo projects rely on those deposits to get a project off the ground.
Still considering a place downtown? Don’t worry as there are many different options available right now and even more on the horizon. We talked about these in a previous post and our Boise Condo Map is updated regularly, so check it out.
[…] city they don’t go up very often. And with all the bad news about the Boise Tower…Boise Hole…Boise Place…Boise Hole, it is nice to see a tall condo project get off the ground, so […]