Urban Renewal Underway on North 7th Avenue

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

Robyn Erlenbush and Ryan Springer attend NAI Global Northwest Regional Event

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.

Eskay Bridal in Bozeman is on the Move!

Eskay Bridal recently purchased space in 714 Stoneridge Drive. R. Kasey Harte of NAI Landmark represented the seller in this transaction. Eskay Bridal will complete a significant build out and will be open for business in the Summer of 2016…just in time for summer weddings!

Relative Affordability Drives Growth in Bozeman

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).

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Google Names Bozeman Top Montana ECity

Google’s eCity Awards recognize the most robust eCommerce business community in each state. The chosen cities’ businesses are using the internet to procure new customers, associate with existing customers and encourage their local economies.

Element Hotel Opens in Downtown Bozeman

The Element hotel — a branch of Connecticut-based resort chain Starwood — opened today on East Mendenhall Street. This 104-room hotel is a branch of Connecticut-based resort chain Starwood.

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.