Hawkins Cos. Lands $56M for Idaho Project
Completion is scheduled for May 2025.
Canyon Ridge. Image courtesy of Cushman & Wakefield
Hawkins Cos. has received $56 million in construction financing for the development of Canyon Ridge, a 287-unit multifamily project in Boise, Idaho. The lender was Sunwest Bank and Cushman & Wakefield represented the borrower. Completion is scheduled for May 2025.
Canyon Ridge will consist of five buildings with one-, two- and three-bedroom floorplans. Community amenities are set to encompass a swimming pool, two playgrounds, a fitness center, coworking spaces, a dog park and a barbecue area, along with a 6,000-square-foot clubhouse. The property will also include 521 car parking spaces and 305 bicycle parking spaces.
Located at 2454 E. Gowen Road, the roughly 10.8-acre site is close to Interstate 84 and about 7 miles from downtown Boise. The property is also adjacent to the 161-acre Simplot Sports Complex and less than 5 miles from Boise Airport. Within walking range of the development sits the Columbia Market Place retail and business center.
Cushman & Wakefield Vice Chairman David Karson, Executive Managing Director Chris Moyer and Senior Director Paul Roeter, along with Senior Associate Meredith Donovan, led the team that arranged the financing. Last month, Karson, Roeter and Moyer were involved in securing $16 million in refinancing for a recently delivered community in Tacoma, Wash.
