NAMPA — Karcher Mall’s new owners plan to break ground on a multimillion-dollar redevelopment project Friday, with demolition of a large portion of the building to follow shortly after.
The total cost of the project is expected to be $30 million to $50 million.
Rhino Investments, the new owner, plans to start demolishing roughly 115,000 square feet in the center of the mall this month and complete the demolition in January, said Nampa’s assistant director of economic development, Robyn Sellers. The demolition will make way for additional parking and access to the back portion of the 37-acre property.
Rhino Investments purchased the mall in May and has been planning the redevelopment ever since. Rhino CEO Sanjiv Chopra previously said he had expected to start construction in late summer or early fall.
Chopra said the businesses that occupied this space have left.
West of the demolition site is about 107,000 square feet that will be redeveloped for multiple uses. Blueprints for the project show a possible trampoline park/entertainment facility and a call center.
About 30,000 square feet of space was still available, but Sellers said she has no updates from the developer on how it will be used.
The plan includes nine residential buildings with a total of 216 units on 7 acres in the property’s back corner.
Chopra said the mall’s bigger retailers — Mor Furniture for Less, Big 5 Sporting Goods, JoAnn Fabrics and Crafts, and Ross Dress for Less — are staying.
Sellers said she was not sure when Rhino Investments officials expected to be finished with construction. An early project timeline submitted in July shows the company initially planned to complete the first phase of construction by the end of the year, with the second phase of construction going into 2020.
Chopra could not be reached for comment on his updated plans.