At the height of the recession, developers stood before the Boise City Council and outlined their plans to build The Terraces
, a $48 million senior community in the ever-expanding Harris Ranch neighborhood.
Developers pointed to the aging populations of baby boomers, generation X'ers, gen Y'ers and millennials, while detailing their proposal to build 153 apartment homes, 12 cottage homes, 40 assisted living apartments, 18 memory support apartments for residents with Alzheimer's or other forms of dementia, and 36 skilled nursing suites.
The homes launched pre-sales in 2009, two years before construction began in 2011. This morning, owners of The Terraces announced the development had received its state license to provide on-site skilled nursing services—not only to residents, but to the community at large.
Operators said their skilled nursing model, which they call "The Village," is "the first of its kind in Boise," with three small homes, each including 16 private suites, an open kitchen and shared space. Residents also have access to on-site spas, therapy suites and salons. Owners said The Terraces has already outpaced its occupancy projections.
According to documents submitted to the city of Boise in 2010, monthly fees range between $1,350 for a one-bedroom unit to $4,195 for a cottage.
The Terraces of Boise is sponsored by American Baptist Homes of the West
, a California nonsectarian nonprofit that has been building and operating senior housing, primarily in California, since 1949.
According to the U.S. Census Bureau, approximately 11 percent of Boise's 216,282 residents are over the age of 65.