A proposed Eagle development that was halted by a weak economy is being restarted.
Construction on the southeast corner of State Street and Edgewood Way will include an upscale tennis facility, 15.3 acres of mixed-use development, and completion of a 55-home subdivision. Called “Medallion at Eagle River,” the concept was envisioned by Eagle business owner Kara Hoge, who wants to build a tennis complex that can serve communities west of Boise. She teamed up with Coldwell Banker Commercial and White Leasure Development on the project.
“The tennis community in Idaho is underserved, and I have always wanted to open a club that would offer state-of-the-art amenities like clubs in Seattle or Phoenix,” said Hoge, a tennis player. She wants to see a day spa, day care and restaurant at the complex.
Hoge and Sherry Schoen, of Coldwell Banker Commercial, plan six outdoor and indoor courts, sand volleyball courts, and a fitness center at the club. The 109,000-square-foot complex is intended to capture the area’s higher-income demographic and would anchor a larger development.
“A project of this scale is complex,” Schoen said. “We wanted to work with a group that has expertise in developing something like this.”
She reached out to Larry Leasure, CEO of White Leasure Development of Boise, whose company has built projects across Idaho and neighboring states.
“A few years ago, the timing wouldn’t have been right for this,” Leasure said. “Now, the economy is on the upswing, and financing for a project like this can be considered and move forward.”
White Leasure plans to develop amenities and shops that would complement Eagle Tennis Club and is working to bring national retailers to that parcel. A high traffic count and accessible entrance are two factors that are desirable in the marketplace, Leasure said.
“This project is situated between two major arterials going east and west,” he said. “From a convenience standpoint, it’s ideal.”
Plans call for city approvals and construction to begin later this year, and for the tennis club to open in spring 2014. Coinciding with the commercial side of the project, but separate from Hoge’s tennis center, developer Dave Buich hopes to begin construction of Renovare, a gated, active-adult community located adjacent to Medallion. Designed for empty nesters, the single-story homes will range from 1,800 to 2,500 square feet and be priced from $300,000 to $500,000. Construction is slated to begin in July.
“There is definitely a shortage of buildable lots, and so it makes economic sense to build now,” Buich said.
Located next to Eagle’s River District, the area was slated for massive development in 2008. Plans included a hotel, 100,000 square feet of office space, a retail component, movie theater and dozens of homes. The economic crash stalled the project, forcing the original development team out. This revitalization is all about timing, Schoen believes.
“People are starting to make their move both from a retail and residential standpoint,” she said.