Canyon County Commercial market supported by growth
In March of 2008 Macy's National headquarters announced it would be signing a new 5-year contract to keep it's store at the Karcher Mall in Nampa Idaho. The reason this is news worthy is that in light of the fact that only last year Macy's headquarters announced it would be closing stores across the country due to non performance.
The Bon Marche which was the precursor to Macy's was one of the first major anchor stores to locate in the Karcher Mall in 1973. The announcement by Macy's a year ago to close stores across the country had many located residents and business leaders concerned that Macy's would be leaving Karcher Mall after over 30 years as a commone site in the Treasure Valley.
This shows that Macy's headquarters believes in the Nampa Idaho location. The strong commercial market the Treasure Valley has experienced has been due to the strong residential growth. The valley experience an explosion in terms of new residents the past few years and with all that growth there is a demand for increase retail outlets. At least so far, that demand seems to be in place. The State Highway Department is continuing work on Interstate I-84 from Boise to Caldwell and the Franklin interchange in Caldwell is a multi million dollar project that will be completed in the fall of 2008.
This much needed work on the local highway system will continue to not only encourage new residents but will also make it more attractive for business and industry to relocate to the Treasure Valley. Good highway systems complete a growing area and insure that the growth will continue to take place. In spite of a housing slow down across the country, Caldwell Idaho has been experiencing a strong real estate market because it continues to offer attractive homes at an attractive price that residents of the Treasure Valley can afford.
The Nampa - Caldwell area of south west Idaho is an area that continues to prosper in spite of tough national economic times.