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Old 04-23-2017, 12:41 PM
 
364 posts, read 236,845 times
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Originally Posted by IFGuy View Post
I watched the live stream of yesterdays Redevelopment Agency's meeting...pretty interesting things going on.

Within the discussion of the future of Idaho Falls High School, if it does go to bond and a new one is built, it was brought up of possibly forming a new urban renewal area. This would possibly encompass the area of First Street and Lomax. During their last meeting, the agency was pondering a new urban renewal area for the Northgate Mile area as well and it was discussed they might be able to include both areas under a new renewal zone. Most of the discussion wasn't for big box retail or commercial but mainly office use and high density residential for the area near the high school.

The Bonneville is still on course. Nothing much to add.

The Kelsch (The Bonneville) is currently on course to break ground near the end of May/early June, they are still however trying to decide on underground parking and if they're willing to spend the money. The agency is still trying to purchase the floral shop in an attempt to get the entire block looking the same as the Bank of Idaho is now on board with being included in the development.

In a crazy turn of events in my view, Matt Morgan who is developing Jackson Hole Junction, asked about the possibility of including his project in the urban renewal area, or possibly a brand new area due to the immense amount of lava rock needed to be removed in order to place underground utilities. His company is currently in the position of filing a preliminary plat. He's been through all the red tape and was going to begin with the sewer line install when they received the news of just how deep the lava went down and the price it would take to remove it.

I'm not 100% sure how the agency could proceed or if they would have to go through all the necessary steps to open up a new urban renewal area but my understanding is that the property does not fit the guidelines of urban renewal. I wonder if they are going to have to find a willing partner to split the costs or if they are going to pony up but Matt Morgan made it sound as if they had come to a dead end on the project unless they could somehow get someone to pay for the removal up front. Definitely worth watching how this proceeds and just how long it might delay the development.

There was something that caught my attention in the discussion about the Kelcsh property. Matt Morgan was commenting, making close relations between that project and his Railway Crossing development a few blocks away. That it has had high impact on why he isn't signing new leases there.

My take on that is a little different. I know Matt can build very nice things but underachieved a bit for that. It is a nice building and all but very generic, small and use limited for the surrounding area.
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Old 04-24-2017, 12:55 PM
 
307 posts, read 337,963 times
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Quote:
Originally Posted by Theotherdude View Post
There was something that caught my attention in the discussion about the Kelcsh property. Matt Morgan was commenting, making close relations between that project and his Railway Crossing development a few blocks away. That it has had high impact on why he isn't signing new leases there.

My take on that is a little different. I know Matt can build very nice things but underachieved a bit for that. It is a nice building and all but very generic, small and use limited for the surrounding area.
I totally agree plus there is so much new retail property either built, being built or in the planning stages that I think those that are looking to lease have a wide range of choices. Here's a few examples of the latest inventory that I can think of off the top of my head.

-Railway Crossings
-The Broadway
-Iron Oak building on West Broadway
-Sand Creek Commons
-Washington Federal shopping center across from Sand Creek Commons

While his development is in a very desirable location, there are other locations that supercede his. If I'm looking to open up a shop, chances are that I'm looking at the Broadway right next to the river in what will probably be the crown jewel of downtown or I'm looking at the drawing power of the Hitt Road and 17th corridors.

I'm sure he'll sign more leases soon though as there is plenty of activity in that area. The Springhill Suites is close, Indian Motorcycle is close, Culvers, Deseret Book and the un-named company looking to build next to it. Unfortunately like I said, he just chose to develop a shopping center at the same time as a bunch of others.
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Old 04-24-2017, 07:08 PM
 
364 posts, read 236,845 times
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I'm betting that multiple interested businesses decided to keep shopping around based on uncompleted or proposed developments. I think there is enough west side momentum that Railway Crossing will likely be at or near capacity by summer's end.

For the first time in my memory (although I'm not what I would consider old) there is a lot of momentum on Broadway and the west, but interestingly, it never shifted from the Hitt road corridor. It's red hot there too.
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Old 04-24-2017, 07:45 PM
 
307 posts, read 337,963 times
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Interesting to note, developers and realtors have been really pushing the US 26 corridor between Woodruff and Hitt Road. They are pushing for industrial type uses and are claiming the price is cheap and ready to annex into Idaho Falls. I wonder if that's going to take off soon?
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Old 05-04-2017, 05:32 PM
 
364 posts, read 236,845 times
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It sounds like there's a great deal of interest in Matt Morgan's JHJ. Should that lava rock get dealt with, it sounds like it will develop rapidly. I bet many businesses looking at that area want to see an event center groundbreaking before pulling the trigger. As of now there is still an unsaturated market there for hotels, convenience stores and restaurants.
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Old 05-06-2017, 11:11 AM
 
364 posts, read 236,845 times
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There's been some renovation at the old country club mall next to Pinecrest events center. Still don't know what is happening but I did see metal fabricated decor on the outside of aquatic animals. I wonder if someone is building an aquarium of some kind. Wasn't the city looking to put an aquarium in the zoo?
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Old 05-06-2017, 02:58 PM
 
74 posts, read 45,197 times
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Quote:
Originally Posted by Theotherdude View Post
There's been some renovation at the old country club mall next to Pinecrest events center. Still don't know what is happening but I did see metal fabricated decor on the outside of aquatic animals. I wonder if someone is building an aquarium of some kind. Wasn't the city looking to put an aquarium in the zoo?
It is the new East Idaho Aquarium. The idea has been floating around for a couple years but never found a home. They are set to open late summer.

Home
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Old 05-08-2017, 05:42 PM
 
364 posts, read 236,845 times
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Quote:
Originally Posted by IFGuy View Post
Interesting to note, developers and realtors have been really pushing the US 26 corridor between Woodruff and Hitt Road. They are pushing for industrial type uses and are claiming the price is cheap and ready to annex into Idaho Falls. I wonder if that's going to take off soon?
I recently posted about a Jackson "tiny house builder" relocating it's headquarters to Idaho Falls. I believe they bought about 50 acres somewhere over there. Not sure if it's the same plot of land though.
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Old 05-08-2017, 08:45 PM
 
307 posts, read 337,963 times
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Quote:
Originally Posted by Theotherdude View Post
I recently posted about a Jackson "tiny house builder" relocating it's headquarters to Idaho Falls. I believe they bought about 50 acres somewhere over there. Not sure if it's the same plot of land though.
That's a bit further east on 49 north and Ammon Road. There are a ton of for sale signs everywhere out there. Seems to be a direction Idaho Falls wants to head.
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Old 05-09-2017, 09:49 AM
 
Location: Southeast Idaho
4,654 posts, read 15,741,392 times
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Quote:
Originally Posted by IFGuy View Post
That's a bit further east on 49 north and Ammon Road. There are a ton of for sale signs everywhere out there. Seems to be a direction Idaho Falls wants to head.
I could see me living in a tiny house some day, my 6'4 husband, not so much
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