St. Luke's Shoreline campus sold - but not to the stadium developer

St. Luke's Shoreline campus sold - but not to the stadium developer

UPDATE: News release from Greenstone Properties below

According to deeds recorded with Ada County this morning, two parcels that were to be sold by St. Luke's Health System to Greenstone Properties for a new stadium project have been sold to other parties.

 

The property along the Boise River at 1471 W. Shoreline Drive that was at one point earmarked for condos and commercial space has been instead been sold to RDT Real Estate, which is controlled by Agri Beef president Robert N. Rebholtz, Jr. according to filings with the Idaho Secretary of State.  A representative for Agri Beef said Rebholtz was out of town and unavailable to comment.

Agri Beef's headquarters sites along Americana Blvd., next to the newly-acquired chunk of land.

Earlier this week, Agri Beef filed plans with the City of Boise to demolish the former The Pantry restaurant to build a parking lot on the site. Rebholtz's RDT Properties acquired this parcel after The Pantry closed in 2016.

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Boise Sports Park won't happen at Americana and Shoreline, could rise elsewhere

The second, larger property at 1500 W. Shoreline, which is currently home to a variety of functions for St. Luke's Health System was sold to another group - Ameri Shore, LLC according to those deed records. Ameri Shore is controlled by Spokane attorney John D. Munding.  Munding was also unavailable for comment this morning.

Greenstone Properties, LLC president Chris Schoen confirmed today that the stadium project is "headed to another site," but would not elaborate further - citing a news release set for later today

As BoiseDev first reported yesterday, Greenstone is considering a site currently owned by LocalConstruct LLC at Fairview Ave. and Whitewater Park Blvd.

Greenstone News Release

(BOISE) — Greenstone Properties announced today that it has chosen a different location to
build its proposed Boise Sports Park.

Greenstone had been under contract with St. Luke’s Health System to purchase property near
the intersection of Shoreline Drive and Americana Boulevard since March of 2017 as a potential
site for the proposed Boise Sports Park. In recent months, however, Greenstone has also
considered Downtown Boise’s West End neighborhood as a possible location for the sports park
and has recently decided to put its full focus on that area for the project.

“There are more advantages for the sports park in the West End area, including better access
and visibility, with fewer residential buildings and more commercial space in close proximity,”
said Greenstone principal Chris Schoen.

The exact parcels that could ultimately be included in the proposed project have not yet been
finalized, but Schoen commented that “once the location is determined, we look forward to
working with the city and the neighborhood on next steps.”

As a result of this site change, Greenstone also announced today that it has assigned the
purchase contract for the St. Luke’s owned and managed Shoreline/Americana properties to
two other buyers.

The property located at 1471 W. Shoreline has been sold to RDT Real Estate LLC, which owns
property adjacent to this location. The remaining property was acquired by Ameri Shore LLC, an
investor group.

“The Boise Sports Park has engaged and excited many of our residents,” said Boise Mayor David
Bieter. “We’ve long believed that a venue like this would be a great new downtown amenity for
all Boiseans. This is a new opportunity for a part of our downtown that has great potential and
we look forward to seeing the concepts Mr. Schoen and his partners bring forward in the
coming weeks and months.”

Catch up quick: Deal for Boise stadium is off. What's next?

Catch up quick: Deal for Boise stadium is off. What's next?

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