LOCAL Boise Wins CoStar Impact Award

Developer Subtext completed the 252-unit luxury apartment building in July of 2022

LOCAL Boise was given CoStar’s 2023 Impact Award for Multifamily Development of the Year in the Boise City/Nampa market today. LOCAL Boise was made possible by a team of exceptional collaborators, including Subtext, the City of Boise, Appian Capital as the investment partner, Old National as the lending partner, Brinkmann Constructors as the general contractor, and CUBE 3 as the architect. Winners—chosen for their growth, diversification, and ability to overcome unique challenges in their particular markets—were selected from a panel of more than 750 industry professionals drawn from each respective market.

LOCAL Boise is a vibrant seven-story high-rise community located in the heart of downtown Boise at 250 E Myrtle Street. With approximately 252 studios, one-, two-, and four-bedroom units offering both private and co-living options, this colorful and eclectic multifamily community has an option for every lifestyle. LOCAL Boise also boasts of 13,000 SF amenity space and 7,100 SF of restaurant and retail space on the ground floor, with F45 Training – Downtown Boise coming this summer. Every corner of the property boasts a modern and sophisticated interior design featuring meticulously planned architectural details that add to the overall ambiance. The community offers state-of-the-art amenities, including an active lobby with a curated coffee bar that features cold brew and kombucha on tap, a top-notch fitness center with a dedicated HIIT room, and an expansive co-working lounge and entertainment spaces. Residents can enjoy outdoor activities such as swimming in the crystal-clear pool, dipping in one of the two hot tubs, or grilling with their guests in the outdoor entertainment area. One of the standout features of this property is the 7th-floor sky deck, where you can enjoy breathtaking views of the mountains while relaxing around cozy firepits. With its seamless indoor-outdoor accessibility, this space is perfect for entertaining guests or unwinding after a long day.

"LOCAL Boise is not just a place to live; it’s a way of life," says Brandt Stiles, Founding Partner & Principal of Development at Subtext. "We saw a gap in the market for a residential community that offered more than just a roof over your head. At our community, we strive to bridge the gap by offering a one-of-a-kind living experience that caters to the unique needs of our residents. From carefully crafted amenities to the unparalleled views surrounding the property, every aspect has been thoughtfully designed to foster a strong sense of community and provide meaningful experiences and relationships." he continued.

The CoStar Impact Awards recognize exemplary commercial real estate transactions and projects completed in 2022 that have significantly influenced neighborhoods or submarkets across 128 major international markets in the United States, Canada, and the United Kingdom. Now in its second year, the awards honored over 400 winners for their CRE transactions across five categories: Lease of the Year, Sale/Acquisition of the Year, Commercial Development of the Year, Multifamily Development of the Year and Redevelopment of the Year.

“We’re grateful for the chance to recognize the accomplishments of noteworthy real estate projects and transactions across the industry,” said Andy Florance, Founder and Chief Executive Officer of CoStar Group. “As the industry continues to evolve, real estate professionals have adapted and contributed immensely to the neighborhoods they serve through innovative projects and community-driven initiatives.”

To learn more about the CoStar Impact Awards and review the full list of winners, visit www.costarimpactawards.com/.

About Subtext

Subtext is dedicated to providing an exceptional living experience in all of the communities we design and build. By approaching each step of the development process with passion and attention to detail, we are able to deliver our projects with pride and complete confidence in their quality. Open conversations and strong relationships with local partners allow us to create communities that benefit not only residents, but also the neighborhoods in which they exist. For more information about the services offered by Subtext, or to inquire about opportunities, visit the website at www.subtextliving.com.

About Appian:

Appian Capital is a real estate investment manager that seeks superior risk-adjusted returns through investment across all property sectors in the West. Investment strategies include value-add acquisitions, opportunistic joint venture developments and build-to-core transactions. Appian has offices in San Diego and Larkspur, California.

About CoStar Group, Inc.

CoStar Group, Inc. (NASDAQ: CSGP) is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality sector. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. Homes.com offers real estate professionals advertising and marketing services for residential properties. CoStar Group’s websites attract tens of millions of unique monthly visitors. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of approximately 4,900 worldwide, including the industry’s largest professional research organization. For more information, visit www.costargroup.com.