Friday, June 1, 2012

Asbestos Removed From Macy's Building; Low-Income Housing Development Under Way This Fall

Posted By on Fri, Jun 1, 2012 at 1:19 PM

The next stage in redevelopment of the former Macy's building, at 10th and Idaho streets, into 64 affordable-housing units was set into action on May 25th, as final plans were submitted to City of Boise officials.

“I would suspect that sometime in the fall, things will start moving along,” said Dave Wali, broker with Colliers International and shepherd of the project.

The building has been vacant since 2010, when Macy’s walked away from their downtown location. Wali told Citydesk that the next step is waiting for input from City officials before construction bids go out to contractors.

“It is a long, drawn-out process,” Wali said.

According to Wali, the building’s condition was pretty much as the developer had expected. Asbestos-based tiles and old insulation first needed to be removed.

Additionally, minor engineering tweaks have been made to plans for the building in order to accommodate earthquake-related codes.

“At this point, it is just kind of a quiet-zone until we get through the plan-check side of things and get bids back,” Wali said.

Several retailers have shown interest in the ground floor space, but Wali said he does not expect any decisions to be struck before the housing construction gets under way.

“They don’t want to just hear that things are getting done; they actually want to see things are done” Wali said.

The construction cycle, which Wali expects to begin in the fall, is estimated to take 8-12 months.

“As is the case with anything, you plan for the worst and hope for the best,” Wali said. “We have done the planning side of it and now we are just hoping.”

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