Our History

Oppenheimer Development Corporation “ODC” has an extensive history in downtown Boise. Founded in 1972 in Boise, Idaho, our initial emphasis was on the development of real estate investment projects for Oppenheimer-Falk Realty Company, which evolved from Falk Realty Company (established in 1868). Falk Realty, a predecessor company founded by Nathan Falk over 100 years ago, and succeeded by his son, Leo J. Falk, was responsible for Boise downtown projects including the Owyhee Hotel, Falk’s Building and the Egyptian Theater. Oppenheimer Development Corporation developed One Capital Center in 1975, the first project to be built on Boise redevelopment property and Wells Fargo Center in 1989.

ODC has attained strategic growth by developing and managing substantial real estate ventures for clients, including:  Idaho Department of Lands, J.R. Simplot Company, CenturyLink, Wright Runstad & Co., Bank of America, Safeco Properties, Wells Fargo Bank, General Services Administration, City of Eagle, City of Caldwell and the East Caldwell Urban Renewal Agency.

Today, ODC focuses on commercial real estate development, project management, consulting and property management while remaining active in commercial real estate projects in Idaho and the Northwest.   Projects in the Treasure Valley in which we retain a substantial interest include: Wells Fargo Center (an 11-story, 200,000 sf office building in downtown Boise), One Capital Center (a 14-story, 230,000 sf office building in downtown Boise), and Overland Park Shopping Center (an 180,000 sf shopping center in Boise).  

1868

Falk Realty Company Established

In historic BODO, the current site of the Mercantile Building at 8th Street Marketplace  was originally one of the warehouse district’s most charming buildings started by Falk Realty. On the corner of 8th and Broad Street, it was one of the biggest commercial enterprise in Boise City at the time.

1868

1910

Falk Realty developed the Owyhee Hotel

1910

1927

The Egyptian Theater

1927

1975

ODC developed One Capital Center

One Capital Center is one of the premiere office locations and the first high rise office building in downtown Boise.

1975

1989

Wells Fargo Center

Boise’s downtown skyline achieved a new look in 1989 with the completion of the Wells Fargo Center.

1989

1991

Washington Federal Bank

Washington Federal Bank Building on the corner of Capitol Blvd and Front Street in downtown Boise.

1991

1998

Eagle Public Library

Located in downtown Eagle

 

1998

2004

Medallion Eagle Professional Center

Office park located in Eagle

2004

2010

Treasure Valley Community College

Located in downtown Caldwell, constructed for the Caldwell East Urban Renewal Agency

2010

2019

The Broadway

Located in downtown Idaho Falls

2019

2024

The Sparrow

Boutique hotel located in downtown Boise

2024

Opened in 2025

Arthur Boise

26-story luxury apartment community located in downtown Boise

Opened in 2025

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