Wednesday, August 18, 2010

Boise-Based Developer Enthusiastic About Projects in Idaho Falls

Thomas Development is pleased to announce its plans to renovate Constitution Plaza in Idaho Falls, formerly known as the "EICAP Building", which they recently purchased from the Eastern Idaho Community Action Partnership.  Tom and Barbara Mannschreck, the owners of Thomas Development, love downtown Idaho Falls and see great potential in the 16,440 square foot building that boasts its own parking lot directly across from the city offices.  Thomas Development also owns and has renovated the nearby Earl Building at 525 Park Avenue.

Tom and Barbara have been working closely with downtown Idaho Falls experts, their development team, and their local property manager and broker Steven Frei to plan the renovations, which includes renaming the building “Constitution Plaza”.  John Hart, the director of Downtown Idaho Falls Development Corporation and Jan Blickenstaff, the City of Idaho Falls grants administrator, have been extremely helpful.  Jan is retiring but plans to remain available as a resource to the city and developers because of his commitment to Idaho Falls. Constitution Plaza will be extensively renovated, both interior and exterior. The owners will seek LEED certification and will also apply to the Idaho Falls Historic Preservation Commission for historic fa├žade renovation grants.  

The Eastern Idaho Community Action Partnership will move all of its operations to a single location in 2011.  Constitution Plaza will then become available for lease for one large or several smaller office tenants. Steven Frei and Brent Butikofer of NAI Commerce One brokered the sale of the building and may be contacted about leasing opportunities.

Thomas Development has two other developments in Idaho Falls. Rosslare on 12th and Hoopes is an affordable 48 Unit senior apartment and opened last summer.  Summerhill is an 80 unit housing development that opened this month. 

Summerhill "follows our pattern of developing low- and moderate- income housing for families," said Tom Mannschreck.  Like the adjacent Rosslare development, Summerhill will have Leadership in Energy and Environmental Design (LEED) certification from the U.S. Green Building Council.  

For questions, please contact Kaly Shippen at (208) 525-8088 or email kaly@nai-idaho.com

No comments: