NAI Landmark is excited to introduce creative office space in the new Market Place Building at Blackmore Bend, located on the second floor above Heeb’s Fresh Market.
The Heeb’s building, in the project’s first phase, will include 26,000 square feet for the grocer in addition to the 14,000 square feet of office space above the store.
Blackmore Bend is perched at a highpoint at the SE corner of E. Main Street and Highland Boulevard and overlooks Bozeman’s downtown corridor. The property consists of approximately 4.3 acres with 475 feet of frontage on E. Main Street and 800 feet from the Interstate 90 on ramp.
Lifestyle Center website: http://bit.ly/2j5wvPx
Learn more: http://bit.ly/2iEXFMi
Renovations and plans of urban renewal are underway on North 7th Avenue in Bozeman, recently rebranded as “Midtown.” The City of Bozeman is focused on walkability, public transit and urban-level density which shifts the Midtown district toward something similar to the spirited essence of downtown.
One of the pillars of Midtown has been the Rainbow Motel, doing business since the 1960’s. Now the property is about to experience major changes by the Folkvord family, who are experienced in bringing new energy into vintage dwellings.
The Folkvord family, owners of Wheat Montana have acquired the Rainbow Motel and are preparing an immense makeover. The renovation gets started on January 1, 2017. The finished product, which has yet to be named, will reopen Summer 2017.
Read more: http://bit.ly/2hwTMGp
Photo Courtesy of: Bozeman Daily Chronicle
Bozeman’s Main Street serves as the heart of Gallatin Valley. Known for its vitality, charm, and vintage curb appeal, our locals take pride in what stands as a consistent resource to fulfill their commercial needs.
Chris Naumann, Executive Director of the Downtown Bozeman Partnership, recently summarized the strategic, ongoing plan for the longevity of our community:
“The Downtown Plan anticipated what we are now experiencing with the acknowledgement that “downtown is front line economic development.” To continue to support downtown’s traditional economy and take advantage of the “new” live-work economy, hundreds of new residential units need to be built downtown. The Downtown Plan emphatically states “to be vital and sustainable over time, housing should be developed in great numbers and varieties…the very future of downtown is dependent upon the successful development of housing.”
Read more in this recent Bozeman Daily Chronicle article: http://bit.ly/2gFJfs4
Broker/Owner Robyn Erlenbush and Associate Ryan Springer of NAI Landmark attended the NAI Global Northwest Regional Event in Seattle, July 26-27. Approximately 100 commercial real estate specialists from the northwest region attended the two-day event. As experts in the field, Erlenbush and Springer facilitated a roundtable discussion on the emerging trends and needs in the office sector.
NAI Landmark is a full-service commercial real estate brokerage and advisory firm serving Bozeman, Big Sky and southwestern Montana. The firm specializes in office and retail leasing, commercial property sales, 1031 Exchange properties, development assistance, site selection services, business valuation and buyer representation.
NAI Global is the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 5,000 professionals and 350 offices in 55 countries throughout the world. NAI professionals work together with the global management team to help clients strategically optimize real estate assets.
Though it might seem far-fetched given ongoing affordable housing debates, Bozeman is a relatively affordable place to live, at least for professional and managerial households as compared to 272 other urban areas in the U.S. in 2015.
According to the latest Cost of Living Index report, which averaged data from the first three quarters of 2015, Bozeman’s cost of living sits at just 2.7 percent above the national average for the year. This is just one of many factors driving the fast-paced growth in the area.
The composite Cost of Living Index score is based on six categories – housing, utilities, grocery items, transportation, health care and miscellaneous goods & services. The national average composite index is set at 100 each period; so the index conveys relative price levels at a specific point in time. Each place’s index score is expressed as a percentage of the average. The Index does not measure inflation (price change over time).
Element Bozeman was designed with you in mind, Element’s accommodations are open-flow and eco-friendly. For travelers looking to stay in town for more than a few days, Element provides space to live your life.
Learn more by visiting the Element website.
Kasey Harte of NAI Landmark, represented Universal Athletics in a multi-layer purchase of the former Van’s IGA grocery store on N. 7th Avenue. This 55,000+ square foot building will be the new corporate headquarters for Universal Athletics; which is currently in 3 buildings in Bozeman. It will include over 10,000sf of Retail/ 8,500sf of Office and 18,500sf of Warehouse space. Price Rite and Planet Bronze will continue operations in their existing space. There will be an additional 4,600sf of Retail available for Lease; in addition to a Pad Site for Sale or Lease on the NW or SW corners fronting North 7th.
Universal Athletics, founded in Bozeman in 1971, has grown to 13 locations in 6 States (MT, ND, MN, UT, AZ, and WY); and focuses on Team Sales and Retail Sales of Sporting Goods throughout the Western United States. Construction has begun on the new corporate headwaters at 912 N. 7th with the help of CTA and Martel Construction. Special thanks to First Interstate Bank and lender, Kalli Ryti, for coordinating this complex loan with the Montana CDC with New Market Tax Credits. I would also like to thank Larry Aasheim , Greg Miller, Paula Johnson and the Team at Universal; as well as Tom Starner of Gene Cook Real Estate, the seller representative. Construction and move in should be completed by September of this year!