Coeur d'Alene Tribe partners on 'Peregrine'

BOISE — Meridian-based developer Ahlquist and the Coeur d’Alene Tribe have announced the Peregrine, a future, mixed-use development that will push the border of the Treasure Valley eastward as residential development in the area continues forward.

The 920-acre mixed-use project will be located in Elmore County and in close proximity to both the Boise Airport and Micron’s Boise campus. The development will offer industrial, commercial, service, retail and residential uses and is set to feature a 774-acre industrial and technology park as well as a 146-acre commercial park. 

The park is currently available for sale or lease and is intending to create a “new eastern border of the Treasure Valley," according to a press release from the Coeur d’Alene Tribe and Ahlquist, who have formed a partnership to bring the development forward.

“Ahlquist is honored to partner with the Coeur d’Alene Tribe on a project of this magnitude,” Ahlquist CEO Tommy Ahlquist said in the release. “As the eastern edge of the Treasure Valley continues to grow, we believe Peregrine will play an important role in shaping the future of this corridor.”

The site located off Interstate 84 at the Simco Road interchange will be across from two planned residential communities in Mayfield, Idaho, that are expected to bring more than 10,000 homes to the area. The development will also sit close to the future Sho-Pai Resort and Casino, which is similarly being developed in partnership with the Coeur d’Alene Tribe, the release said. 

“A project of this size and ambition reflects the Coeur d’Alene Tribe’s long-standing commitment to thoughtful, lasting economic development, and we are excited to help bring it to the Treasure Valley,” Chief Allan, chairman of the Coeur d’Alene Tribe, said. “This development is an opportunity to meet the needs of Idaho business owners, while also bringing new vitality to the area where we are in the process of helping the Shoshone-Paiute Tribes build their first and only resort and casino.”

The development announcement arrives as Micron’s Boise campus, located 12 minutes from the mixed-use site, has expanded significantly in recent years alongside the artificial intelligence boom. Last year, in a joint announcement with the Trump administration, Micron announced a $200 billion expansion across the U.S., including $30 billion for Boise’s second memory fabrication plant.

“Micron’s investment in Idaho will drive transformational economic growth and create tremendous opportunities across the region,” Ahlquist said in the release. We’re proud to provide a location that can support and accommodate that expansion.” 

The Boise Airport, approximately 15 minutes away from the Peregrine, has similarly grown alongside the Treasure Valley and is continuing to work toward a more than $40 million concourse expansion featuring up to 10 additional gates to account for the record-breaking number of enplanements observed year after year. 

Ahlquist has been the developer of several large-scale, mixed-use developments in recent years. In May of last year, Boise's 4th and Idaho development held a "topping-off" ceremony to mark the progress on a two-tower, 13-story development offering for-sale condominiums. Last month, Ahlquist began the construction phase of Meridian's The District at Ten Mile, a 200-acre development that will feature In-N-Out, Panera and Target, among others.

    A rendering of the 920-acre Peregrine development. The mixed-use project is the product of a partnership with Ahlquist and the Coeur d'Alene Tribe and will feature a commercial park as well as an industrial and technology park.