Zions Bank announces plans for a 15-story downtown Boise building
Zions Bank and the Gardner Company Monday announced plans for a new development at the corner of Eighth and Main Streets in downtown Boise.
Mayor David Bieter, members of the Boise City Council, Capital City Development Corporation representatives and Ada County Highway District commissioners were present at the announcement.
Popularly known as “The Hole,” the block in the center of downtown Boise has been vacant since a fire demolished the Eastman building 1987. A new 15-story development at Eighth and Main Streets will serve as the headquarters for Zions Bank in Idaho and will be designed for office, retail and restaurant space. With more than a quarter-million square feet of Class A-business space, the building will be LEED-certified, environmentally responsible and sustainable, and constructed with recycled and recyclable materials. The project is valued at $60 million.
The building’s developer will be Idaho- and Utah-based Gardner Company. Construction is slated to begin in Spring 2012, and the building will be completed in 2014.
The corner of Eighth and Main Streets in Boise was first developed in 1864 as the Overland Hotel and the site thrived as an early landmark and gathering place. In 1905, after demolition of the Overland Hotel, the Eastman office building was completed and quickly became the most fashionable business space in town. Nearly 70 years later, the Boise Redevelopment Agency purchased the site with plans for a downtown center. Yet the building remained vacant until it burned to the ground 24 years ago.
“Gardner Company is proud to be a part of the long history at Eighth and Main. In restoring the site’s original luster and giving the bustling corner a modern update, Gardner is eager to welcome Idahoans to this prestigious building,” said Kem Gardner, the Company’s chairman.
“We are thrilled to help revitalize this key block in downtown Boise by moving our headquarters in the state to this beautiful new building,” said Anderson. “For us, this is the start of a new chapter as we expand our services to support small businesses, corporate clients, agriculture, resort communities and consumers throughout Idaho.”
“Zions’ choice to invest in Boise shows that our future will offer new opportunity and renewed prosperity,” Mayor David Bieter said. “Filling this hole with an attractive new building proves that we can solve even our most difficult problems if we maintain our faith in the promise of Boise. With an experienced developer and respected regional bank, I’m confident this project will be successful and will forever redefine this famous site.”
Zions Bank operates 26 full-service branches in Idaho and 105 branches throughout Utah. Founded in 1873, Zions Bank has been serving the communities of the Intermountain West for more than 135 years.
One of the largest developers of commercial real estate in the Intermountain West, The Gardner Company has developed more than 25 million square feet of retail, office, medical and industrial space. For many years, Gardner has had Idaho offices developing in Idaho Falls, Rexburg, Meridian, Eagle, and Nampa.
(Architect’s rendering courtesy: ThomasARTS)