Wednesday, July 27, 2011

Boise Hole to Be Filled?

Posted By on Wed, Jul 27, 2011 at 12:03 PM

The Boise Hole on the corner of Eighth and Main streets may finally have someone looking to fill it.

Gardner Company COO Tommy Ahlquist said the company has the property “under contract,” and that it's looking into the feasibility of building an office building on the site. The Gardner Company—operating out of Meridian and Salt Lake City—has developed numerous office spaces across the West.

The downtown crater has been an eyesore for longer than some downtown regulars have been alive. At the turn of the 20th century, Hosea Eastman acquired the property with plans to build a hotel so grand that even the Idanha would look up to it. Finances got in the way, so instead, an office building was put in the location.

In the early '70s, the Boise Redevelopment Agency bought the property with plans to tear it down and build a mall. Citizens wishing to keep the historic building fought the agency in court and won.

It was more than a decade until more changes took place. In 1987, the landmark building burned to the ground and was condemned and torn down.

Then, in 2001, Rick Peterson broke ground for the Boise Tower, a 25-story, mixed-use building. But in 2003, the building permit was revoked for lack of progress. Financial woes and legal battles kept the would-be Boise Tower at it current condition for six years.

Capps Holdings LLC purchased the infamous location in 2009 at auction with no plans for the property.


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