Kastera Development recently broke ground on a $97 million, 177-acre Master Planned Neighborhood in south Meridian. The project is called Cavanaugh.

Cavanaugh will feature 548 homes, including apartments, urban-style lofts, condominiums, single-family houses, patio homes and estate-sized homes.  Home prices will start at about $220,000 for an alley-accessed home to over $2 million for an estate-sized house overlooking the Treasure Valley.

Cavanaugh will also contain:

• 400,000 square feet of office, retail, medical, and restaurant space named "The Boardwalk at Cavanaugh".

• A 30-acre, open-air retail "Villiage" center that would bring 830 permanent retail jobs to the Valley. Several retailers that would be making their first appearance in Idaho.

•  4 miles of internal pathways and walkways, and a city park.

A mansion whose design was inspired by Frank Lloyd Wright sits on the site.  It was Idaho's first $1 million home when completed in the early 1970s. It will be converted into a community center for residents of the development. It will also be available to anybody in the Valley wishing to reserve it.

Cavanaugh will give the area's construction industry a needed boost. State officials have reported that more than 4,000 construction jobs have been lost in Idaho since March 2007 due to the housing slump.

The Cavanaugh project will also help counter some of the negative press the housing and Real Estate industries have been getting.

Paul Hiller, executive director for the Boise Valley economic Partnership said "Kastera is sending a very strong message. It's saying, 'We're very optimistic about the area's development industry in the long-term.'"

Ben Forrey, Katera's director of sales and marketing, said home builders have already reserved 70 percent of the 123 lots for sale in phase 1 of the development.  This is a strong vote of confidence from area builders.  In addition, three future homeowners have reserved their lots from builders and are working on building plans.

Construction on the first homes is expected to begin Oct. 1, following six months of site work.

Cavanaugh-what a great idea!

I am your Meridian, Idaho new construction specialist!

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