When the Idaho Transportation Department’s 44-acre headquarters hit the open market in May, there were any number of possibilities for what the coveted real estate along State Street could become.According to Kim Rau, public information officer for the Department of Administration, nine buyers lined up to make bids for the “prime piece of real estate” at 3311 W. State St. near Veterans Memorial Park in Boise.Hundreds of documents obtained by the Idaho Statesman through a public records request identify the losing bidders, the amounts of the winning and losing bids and the visions the applicants offered for the site.The bidders included Boise Hunter Homes, Arizona-based Grossman Company Properties Inc.; Indiana-based Thompson Thrift Development Inc.; and a joint venture between Ball Ventures Ahlquist, a Meridian developer, and Alscott Real Estate, of Boise.ADVERTISEMENTAdvertisementThe highest bid came from two Boise-area developers, Hawkins Cos. and The Pacific Cos., and Utah-based FJ Management. The records revealed the previously undisclosed amount of their winning bid: $51.75 million. That’s nearly $1.2 million per acre.Most of the offers ranged from about $30 million to $50 million. But there were some exceptions.Grossman Company Properties Inc., whose portfolio includes the 1,700-acre Hidden Springs community northwest of Boise, offered $6 million in cash and 3,139 acres — about 5 square miles — of land in the Boise Foothills in exchange for the old ITD property.The land offered spanned from the winding Bogus Basin Road in the southwestern portion, east to near Boise Peak and north near Freddy’s Stack Rock Trailhead.But in September, the documents show, the state selected the $51.75 million bid from two Idaho-based developers, Hawkins Cos. and The Pacific Cos., and Utah-based FJ Management which runs convenience stores, hotels, oil refineries and senior living communities.The site has a number of unique and interesting features — namely that 44-acres of property doesn’t often come up for sale so close to downtown Boise. The site is just over two miles from the state Capitol and has easy access to the Boise River Greenbelt and the highly trafficked State Street corridor.“It is a unique piece of property being that it’s so large a piece of property within the Boise area,” Brian Huffaker, president and CEO of Hawkins Cos., told the Idaho Statesman in September. “You’re not going to see that much.”It …
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