5500 East Homedale Road, Caldwell, ID 83607

Berkadia Boise Investment Sales is pleased to present Canyon Village Lofts, an 8.8 acre entitled multifamily development site in the heart of Caldwell, ID. The proposed community consists of 95 luxury 2- and 3-bedroom town homes.

Canyon Village Lofts will deliver a luxury town home product with proposed units ranging from 1,200 to 1,880 square feet, closer in offering to single-family for-sale homes than traditional apartment alternatives in the area. Each home has plans to feature private entries, driveways, and single-car garage or rear-loaded two-car garage parking, with plans for many units to include private fenced yards, meaningfully differentiating the product from nearby apartment communities. Planned amenities include a pool, clubhouse, dog park, kids park, and retention ponds with mature landscaping, positioning the community to achieve top-of-market rents.

Canyon Village Lofts will capture a renter profile that wants the space and privacy of a single-family home without the responsibilities of ownership. Professional maintenance, no capital exposure, and the flexibility of a lease term appeal strongly to relocating professionals, young families, and downsizing empty-nesters alike, a growing cohort in the Treasure Valley that is underserved by conventional apartment product.

Canyon Village Lofts site is located within one of the fastest-growing metros in the United States. Greater Boise’s population is forecast to grow 17.4% over the next five years, surpassing 1 million residents by 2030, while employers are projected to add 9,100 net new jobs in 2026 alone, according to Berkadia’s Boise Multifamily 2026 Forecast Report. Median household income is forecast to reach $130,800 by 2030, up 38% from 2025, reflecting a renter pool growing in both size and purchasing power.

Renters are increasingly favoring western Treasure Valley submarkets like Caldwell as central Boise becomes more expensive amid strong in-migration. Situated minutes from Interstate 84, Canyon Village Lofts offers convenient access to major employers including Amazon, St. Alphonsus Medical Center, College of Western Idaho, and J.R. Simplot Company, as well as retail and dining at Karcher Mall and Treasure Valley Marketplace.