Twin Falls, ID (2021)

OneSixty Main

Investment

NMTC Amount: 13,100,000

Total Project Cost: 13,226,000

IMPACT

85 FTE jobs

75 construction jobs

CDEs

Project Description

OneSixty Main involves the demolition of a vacant, downtown building located on a prominent corner in downtown Twin Falls, ID, and the construction of a new 55,680 square foot, six story mixed-use building in its place. Architects deemed the extremely blighted existing building unsalvageable citing contamination, mechanical and structural issues. The new building will provide commercial office space, retail and workforce housing which are sorely lacking in the downtown area. The building will be the first large-scale mixed-use building in the downtown area.

In recent years, the City of Twin Falls has made a significant investment in their downtown including building a new $7 million City Hall, a downtown splash deck, improved street and sidewalk infrastructure, and significant public outdoor space. The investment was made with a goal of attracting private development to bring good jobs and residential units into the downtown area. The city has identified workforce housing and Class A commercial office space as their primary downtown development priority and believe this project will have a catalytic effect in attracting additional private investment to the downtown.

This project will provide 44 housing units and 15,000 sq. ft. of commercial space. The anchor tenant for the commercial space is Kickback Rewards, a growing Idaho company, which will expand its operations into the new building, adding 50 employees and occupying a portion of the first floor and the entire second floor. The first floor will also have retail space for start-up women entrepreneurs who are working with the Women’s Business Center and a 2,800 sq. ft. restaurant space. The upper four flours will contain 44 studio, 1-bedroom, and 2-bedroom apartments, of which 20% will be rent restricted at the HUD affordable rental rates and leased to households making 80% or less than the area median income.

MAP

160 Main Avenue South, Twin Falls, ID 83301

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