Tuesday, August 8, 2017

Ground broken on new development at Memorial and Broadway

An artist's representation of what The Broadway will look like
With the ceremonial spading of dirt by city officials and business leaders, work got underway Monday on The Broadway on the site of the old Saving Center at Broadway and Memorial Drive.

The complex will consist of a 9,600-square-foot single story retail building and a three-story mixed-used building incorporating retail, restaurant and office space, with residential condominiums on the third story. Spaces are divisible up to 1,200 square feet. Between the two buildings there will be a plaza for food, music and entertainment.

The property was bought in 2015 by the Idaho Falls Redevelopment Agency, which had conducted a study analyzing demand for downtown housing estimating demand for housing units between 455 to 502 units. The board also approved the purchase of an option on the Bonneville Hotel at Constitution Way and Park Avenue.

In February 2016, the Oppenheimer Development Corp. responded to the IFRA’s request for proposals on the .95-acre property.

Bank of Idaho, Parsons, Beahle & Latimer, Smokin Fins (a Colorado-based seafood restaurant chain), and Lucy’s Pizzeria have been listed as prospective tenants. Leasing arrangements are being handled by Thornton Oliver Keller. For more information, follow this link: The Broadway.

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