Caldwell, Idaho has approved Silverleaf — a large M3 Companies community on about 271 acres near Karcher Road and Lake Lowell — with nearly 1,000 homes and neighborhood commercial clusters planned along Karcher.

Caldwell City Council approved the Silverleaf Subdivision in May 2026, annexing the acreage for a mix of single-family and multifamily housing. BoiseDev coverage noted the city weighing long-term property-tax potential alongside demand for homes and everyday retail near Lake Lowell.

Rendering: Via M3 Companies

What’s planned (subject to change)

• Roughly 655 single-family homes
• Up to about 336 multifamily units
• Commercial clusters eyed at Karcher / Indiana and Karcher / 10th
• Neighborhood grocery and dining that residents have long sought in this part of Caldwell

Road widening on Karcher Road continues toward an ITD ~2028 finish. Homes are expected to come online in phases after major roadway work progresses. Exact product mix, builders, pricing, and opening windows remain subject to change.

Silverleaf sits in Caldwell’s southwest growth area near Lake Lowell recreation — a lifestyle draw for movers who want west-valley pricing with proximity to water and open space, while the city catches up with grocery and dining closer to home.

For people relocating to Caldwell or shopping Lake Lowell–adjacent inventory, the project adds substantial entitled housing capacity and a path to neighborhood retail as the Karcher corridor improves.

Project Quick Facts:

• Name: Silverleaf Subdivision
• Location: Near Karcher Road & Lake Lowell, Caldwell, Idaho (~271 acres annexed)
• Developer: M3 Companies
• Plans: ~655 single-family homes; up to ~336 multifamily units; commercial at Karcher/Indiana and Karcher/10th (grocery/dining eyed)
• Status: Caldwell City Council approved May 2026; homes phased around Karcher Rd improvements (ITD ~2028)
• Sources: BoiseDev

Photo credit: Rendering: Via M3 Companies