Bel Air Apartment Development€¦ · 1 mi radius 3 mi radius 5 mi radius Eagle, ID 83616 Household...
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BOISE RIVER Bel Air Apartment Development 300 Multi-family Units to be built along the Boise River Colliers International Idaho | 755 West Front Street, Suite 300 Boise, Idaho 83702 | www.colliers.com/boise | 208 345 9000 CLAY ANDERSON, MBA, CPA 208 489 6177 [email protected]
Transcript of Bel Air Apartment Development€¦ · 1 mi radius 3 mi radius 5 mi radius Eagle, ID 83616 Household...
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Bel Air Apartment Development300 Multi-family Units to be built along the Boise River
Col l iers International Idaho | 755 West Front Street, Suite 300 Boise, Idaho 83702 | www.col l iers.com/boise | 208 345 9000
CLAY ANDERSON, MBA, CPA208 489 6177
Bel Air Apartment DevelopmentO
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SEWER LIFTSTATION
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N89°34'47"E 170.00'
N0°40'36"E 100.00'
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HOME CAPITAL RESOURCES LLC
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PRELIMINARY DEVELOPMENT FEATURESSITE
Development Features
LANDSCAPE ARCHITECTURE, P.C.
Development FeaturesVicinity MapVicinity Map
Scale: 1" = 1' - 50"Scale: 1" = 1' - 50"
The Bel Air apartment project is located at the South-east Corner of State/Linder in Eagle. The site is just north of Meridian’s growing sub-market (NW Meridian), which is experiencing expansive growth on the retail and residential front. It is also conveniently located off of State Street and near Eagle High School.
Homes sales within 1 mile radius have averaged ~$150 psf and $400,000 over past 12 months.
Opportunity to own apartments with a lot of natural outdoor amenities.
Asking Price:
Dwellings / Units:
Buildings:
Parking:
Land Size:
$3,000,000
300 Units
14—13 multi-family & 1 clubhouse
540 spaces (1.8 per unit)
±22.2 Acres
Zoned: MU-DA
Approval Status: Use — Approved May 2015Design review — Subject to approvalSite plan — Approved
Setbacks: Front — 20 ft (east property line)Back — 20 ft (west property line)Interior side — 7.5 ft (south property line)Street side — 20 ft (north property line)Structure separation — 20 ftMaximum coverage — 50%
Unit MixUnit mix can be changed, but current plan contemplates:
Building Unit Type(s) Units per Building
B 1&2 Bed 24: 12—1 bed and 12—2 bed
D 3 Bed 24—3 bed
E 2 Bed 24—2 bed
Layout has:
40% 2 bedrooms
40% 3 bedrooms
20% 1 bedroom
B Buildings
D Buildings
E Buildings
Club House and Pool
Parking Spaces
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540 (1.8 per unit)
60 1 brdms (5 B bldgs x 12 per bldg)
120 2 bdrms (5 B bldgs x 12 per B bldg) + (2.5 E bldgs x 24 per E bldg)
120 3 bdrms (5 D bldgs x 24 per D bldg)
300 Total Units
Bel Air Apartment Development
SITE
Demographics
Demographic Source: Applied Geographic Solutions 10/2016, TIGER Geography page 3 of 3©2017, Sites USA, Chandler, Arizona, 480-491-1112
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GRAPHIC PROFILE2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups
Lat/Lon: 43.6942/-116.4136RGRAP3
374 N Linder Rd1 mi radius 3 mi radius 5 mi radius
Eagle, ID 83616
Household Type (2016)Total Households 791 6,941 31,872Family Households 641 39.8% 5,621 38.5% 25,435 37.2%Family Households with Children 326 50.9% 2,950 52.5% 13,564 53.3%Family Households No Children 315 49.1% 2,671 47.5% 11,871 46.7%
Non-Family Households 150 39.8% 1,320 38.5% 6,437 37.2%Non-Family Households with Children 5 3.0% 24 1.8% 120 1.9%Non-Family Households No Children 146 97.0% 1,296 98.2% 6,316 98.1%
Education Attainment (2016)Elementary or Some High School 101 6.5% 432 3.2% 2,471 4.1%High School Graduate 233 15.1% 2,343 17.3% 11,879 19.5%Some College or Associate Degree 643 41.7% 4,796 35.3% 22,685 37.2%Bachelor or Graduate Degree 566 36.7% 6,008 44.2% 23,901 39.2%
Household Income (2016)Estimated Average Household Income $112,302 $119,631 $98,990Estimated Median Household Income $89,018 $89,080 $78,066HH Income Under $10,000 28 3.5% 185 2.7% 1,183 3.7%HH Income $10,000 to $34,999 102 12.9% 787 11.3% 4,505 14.1%HH Income $35,000 to $49,999 86 10.9% 595 8.6% 3,656 11.5%HH Income $50,000 to $74,999 124 15.7% 1,359 19.6% 6,835 21.4%HH Income $75,000 to $99,999 156 19.7% 1,396 20.1% 5,632 17.7%HH Income $100,000 to $149,999 156 19.7% 1,396 20.1% 5,632 17.7%HH Income $150,000 or More 157 19.8% 1,508 21.7% 5,397 16.9%
Population & Households 1 mile 3 miles 5 miles
2016 Population 2,330 20,889 93,761
2016 Households 791 6,941 31,872
2016 Est. Vacant Housing 2.3% 2.3% 2.7%
2010 Homes Built after 2005 50.4% 41.8% 28.2%
Income & Homes 1 mile 3 miles 5 miles
2016 Avg. Income $112,302 $119,631 $98,990
% of Households with Income over $100,000 39.6% 41.8% 34.6%
2010 Median Home value $339,782 $296,248 $245,674
Demographic Source: Applied Geographic Solutions 10/2016, TIGER Geography page 3 of 3©2017, Sites USA, Chandler, Arizona, 480-491-1112
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GRAPHIC PROFILE2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups
Lat/Lon: 43.6942/-116.4136RGRAP3
374 N Linder Rd1 mi radius 3 mi radius 5 mi radius
Eagle, ID 83616
Household Type (2016)Total Households 791 6,941 31,872Family Households 641 39.8% 5,621 38.5% 25,435 37.2%Family Households with Children 326 50.9% 2,950 52.5% 13,564 53.3%Family Households No Children 315 49.1% 2,671 47.5% 11,871 46.7%
Non-Family Households 150 39.8% 1,320 38.5% 6,437 37.2%Non-Family Households with Children 5 3.0% 24 1.8% 120 1.9%Non-Family Households No Children 146 97.0% 1,296 98.2% 6,316 98.1%
Education Attainment (2016)Elementary or Some High School 101 6.5% 432 3.2% 2,471 4.1%High School Graduate 233 15.1% 2,343 17.3% 11,879 19.5%Some College or Associate Degree 643 41.7% 4,796 35.3% 22,685 37.2%Bachelor or Graduate Degree 566 36.7% 6,008 44.2% 23,901 39.2%
Household Income (2016)Estimated Average Household Income $112,302 $119,631 $98,990Estimated Median Household Income $89,018 $89,080 $78,066HH Income Under $10,000 28 3.5% 185 2.7% 1,183 3.7%HH Income $10,000 to $34,999 102 12.9% 787 11.3% 4,505 14.1%HH Income $35,000 to $49,999 86 10.9% 595 8.6% 3,656 11.5%HH Income $50,000 to $74,999 124 15.7% 1,359 19.6% 6,835 21.4%HH Income $75,000 to $99,999 156 19.7% 1,396 20.1% 5,632 17.7%HH Income $100,000 to $149,999 156 19.7% 1,396 20.1% 5,632 17.7%HH Income $150,000 or More 157 19.8% 1,508 21.7% 5,397 16.9%
1 MILE 3 MILES 5 MILES
Elevations
Bel Air Apartment Development
SITE
BOIS
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VER
Colliers International Idaho | 755 West Front Street, Suite 300 Boise, Idaho 83702 | www.colliers.com/boise | 208 345 9000
CLAY ANDERSON, MBA, CPA208 489 6177
