GET READY! TRADER JOE’S OFFICIALLY OPENS AND AMAZON MAKES A MAJOR ANNOUNCEMENT

Posted by Mike Brown Group on Friday, October 18th, 2019 at 1:35pm.

Amazon and Trader Joes logos on map of meridian and nampa

BoiseDev first broke the news that Trader Joe’s would open its second Idaho location in Meridian and it’s officially open! Trader Joe’s will take up a portion of the large former Rosaeurs store, located at 2986 N. Eagle Road, Meridian, ID 83646 and is keeping with its usual smaller footprint. The Meridian store measures 16,744 square feet according to permit records with the City of Meridian. That measures about 3,000 square feet larger than the Boise location and will offer a much better parking situation than the downtown location. 

This is good news for Treasure Valley homeowners, as ATTOM Data Solutions examined the impact grocery stores have on the housing market and reported, “Homes near a Trader Joe’s realized an average home seller ROI of 51 percent, compared to homes near a Whole Foods with an average home seller ROI of 41 percent. The average home seller ROI for all zip codes with these grocery stores nationwide is 37 percent.”

Trader JoesIn addition to the Treasure Valley getting a new Trader Joe’s, it’s long been reported that Amazon has had its eye on Boise as a hub for a fulfillment center. In a recent press release from Amazon, a 650,000 square-foot center is set to open in 2020, creating more than 1,000 full-time jobs, becoming Nampa’s largest employer (with Walmart coming in second with 800 employees). Nampa Economic Development Director Beth Ineck said the developer plans to invest a minimum of $130 million on the project. Alicia Boler Davis, Amazon’s Vice President of Global Customer Fulfillment said in the news release, “Amazon is committed to creating a positive economic impact in Nampa and enhancing the customer experience throughout the region.” 

Amazon will fulfill customer orders such as books, electronics and toys from this fulfillment center. Idaho Governor Brad Little said, “Amazon’s investment in Nampa will add job opportunities for our citizens and create a ripple effect of economic activity throughout the region. The investment demonstrates that Idaho’s workforce and economy continues to attract the ideas and businesses that thrive in a knowledge-based economy. We are proud that Amazon chose Idaho to expand and do business.”

Amazon Fulfillment CenterThe Idaho Press reports, “The fulfillment center will be on the southwest corner of East Franklin Road and Star Road in northeast Nampa, near the Ford Idaho Center and the Sorrento Lactalis cheese factory. Amazon is partnering with Pannotoni Development Co. Inc. on construction.”

When asked what the new Idaho warehouse means for Treasure Valley and all Idaho Amazon customers, Nampa Mayor Debbie Kling said that the goal is to hopefully get orders even more quickly. “They’re really looking to enhance overnight, single-day delivery. Very quick deliveries," she said. "And so if the product is in this fulfillment center, which hopefully it is, it will be very fast.”

Idaho’s minimum wage is currently $7.25, an amount that has long been debated as extremely difficult to maintain a household in with the Treasure Valley’s current cost of living and housing prices. KTVB.com reports, “On top of Amazon’s $15 minimum wage, the company offers full-time employees comprehensive benefits including full medical, vision, and dental insurance as well as a 401(k) with a 50 percent match starting on day one. The company also offers up to 20 weeks of maternal and parental paid leave and innovative benefits such as Leave Share and Ramp Back, which give new parents flexibility with their growing families.”

Residents are experiencing all the exciting benefits to our community as our area keeps alluring major corporations to the valley. Now is a great time to find out what your home is worth or to take a peek at the houses currently on the market.

 

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