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Downtown Continues to Grow: The 5 East Project

by Hart Real Estate Solutions

Do you remember the Black-Olive proposal that originated in 2016 and was later approved in the fall of 2017? How about the One 11 Lofts that were proposed just this year? The developer behind both of these projects, Andy Holloran, has proposed another mid-rise building for the downtown area.

Called 5 East, the proposed six-story, mixed-use building will include 30 condos with space on both the second and third floors for retail and office space. The current proposal for 5 East also includes 29 parking spaces on the ground level, with a mix of studio, one-bedroom, and two-bedroom condos on the top four floors, all ranging from 790 to 1,500 square feet. Located on the corner of Mendenhall and Tracy, the build site currently houses the Straightaway Motors auto shop and several homes, which would be demolished per an agreement with the landowner.

While many downtown residents are still concerned that contemporary buildings will negatively impact Bozeman’s small-town charm and compromise its historic integrity, Holloran states that in order to preserve our open land and agricultural space, we need to further develop our urban core, which includes “building up” instead of “building out”. As it currently is, the proposal includes in the northwest portion of 5 East scaled down to three stories “in order to respect the lower-density housing to the north and provide open space and outdoor amenities for residents”. These amenities include landscaped outdoor terraces, restaurants, and a spa.

5 East is currently set for review by the city planning department. If the plan is approved, construction could begin as early as the beginning of 2019.

 

Current Mid-Rise Development Projects/Proposals

The Downtown Improvement Plan: Past, Present, & Future

by Hart Real Estate Solutions

Over the last 30 years, various recommendations have been developed to improve downtown Bozeman, including everything from construction of more mixed-use buildings, to decreased parking requirements, to more affordable housing units. While some of these ideas have come to fruition in recent years, others are still on the table discussion. The most recent improvement plan states that all recommendations in the plan are both realistic and attainable, but because some require more analysis than others, they are either partially completed or haven’t been started yet.

While only a small portion of the recommendations presented in the original plan aren’t listed below, a list of ALL of the recommendations can be viewed here.

A few notable recommendations from this plan, which was released in 2009, include the following:

  • Addition of a downtown conference center
  • Construction of a “boutique” hotel
  • Addition of plazas and courtyards
  • Conversion of Babcock and Mendenhall to 2-way streets
  • Encouragement of bicyclist traffic downtown
  • Exposure of Bozeman Creek as a centerpiece of the downtown area
  • Extension of Babcock to connect to Bozeman Public Library

Almost a decade later, a 2018 Progress Report has been released. Here is the current status of the above recommendations:

  • Addition of a downtown conference center (Not Completed)

*However, a substantial amount of meeting space has been designated— American Legion, Baxter Hotel, Element Hotel, Emerson Cultural Center, etc.

  • Construction of a “boutique” hotel (Completed)

*Element Hotel—2015; Lark Hotel—under construction; Etha Hotel—construction to begin in 2018

  • Addition of plazas and courtyards for public use (Partially Completed)

*Element Hotel, 5 West, & Lark Hotel have front patios and rear courtyard spaces

  • Conversion of Babcock and Mendenhall to 2-way streets (Not Completed)

*Extensive traffic analysis for not only Babcock and Mendenhall is required, but also for Main, Lamme, Olive, N. 7th, Willson, Rouse and Wallace before this project can be further considered

  • Encouragement of bicyclist traffic downtown (Partially Completed)

*Four on-street bike parking stalls are available seasonally; Dero Fix-It Station was installed for cyclists to inflate tires and perform minor repairs; bike “sharrows” were added to Babcock & Mendenhall

  • Exposure of Bozeman Creek as a centerpiece of the downtown area (Not Completed)

*Financial constraints— the project will cost $350,000

  • Extension of Babcock to connect to Bozeman Public Library (Not Completed)

*Land needed for the extension is privately owned by Empire Building Materials and currently contains a warehouse. If the property is sold or redeveloped, this recommendation will be revisited.

 

​Downtown Boundary Map

Bozeman Yellowstone International Airport Prepares for More Traffic

by Hart Real Estate Solutions

Home prices are rising, the population is growing, and our overall economy is expanding— which means that our airport is also seeing an increase in traffic. In 2017, the Bozeman Yellowstone International Airport (BZN) handled just shy of 1.2 million passengers, and now accounts for 30% of all airline traffic in and out of Montana. With an 8.3% increase in traffic from 2016, this is the 8th consecutive year of record breaking passenger traffic for BZN.

BZN is the busiest airport in the state, and the 8th busiest in the Northwest Region of the country (region including Montana, Wyoming, Idaho, Utah, Colorado, Oregon and Washington). With passenger levels currently predicted to be 10% higher this summer than previous years, several upgrades and expansions are scheduled to take place within the next few years to accommodate the ever-increasing growth.

  • The Largest Parking Garage in Montana

Originally on the airport’s to-do list for 2021, the construction of a 4-story, 1,100 stall parking garage began in December and is now scheduled to be completed by June. The garage (which is estimated to cost $30 million) will contain long-term, short-term, and rental car parking.

  • New Terminal Additions

Though not to be completed for several years, a terminal expansion will begin this summer, once the parking garage is complete. The expansion will include three new gates and the ability to handle the inevitable increase in more baggage.

  • Main Runway Maintenance

Runway maintenance is required every 15 years. This spring, the main runway is scheduled to close for three weeks to complete maintenance. Between April 30th and May 19th, no flights will operate between 12:30pm and 11:00pm. This project will cost the airport an estimated $7 million, although if the airport were to entirely close during this time, it would cost the airport an additional $2 million/day. Other runways will still operate during this three-week period, and the main runway will operate outside of the 12:30 pm to 11:00pm time frame.

  • The Addition of a Tower Controller

In order to better handle growing traffic, the airport will add one new tower controller and additional tower hours. With these new additions, tower coverage will span from 5:00am to 1:00am— the current hours of operation are 6:00am to midnight. The new controller will be fully trained and certified by this summer.

 

BZN serves as a year-round gateway to Yellowstone National Park, Big Sky Resort, and Montana State University. With airline traffic continually increasing every year, it only makes sense for our airport to keep pace as it continues to improve and expand its current facilities to better cater to the growing community. 


By now, most Bozemanites are aware that the city will soon break ground on a second high school on the west side of town. However, Bozeman High School isn’t the only school that will soon be full— all 8 of the existing elementary schools are expected to reach capacity by either 2020 or 2021. With Bozeman’s rapid growth rate of about 4.2%, it comes as no surprise that schools are quickly reaching capacity. Based on how fast the Bozeman school enrollment has been growing every year, the School Board says that the district will need two new elementary schools in the next 10 years.

The school district currently owns several parcels of land—however, none of them are ideal for elementary schools because they are in areas of town that are not growing the fastest, and therefore do not need additional schools. Ideal pieces of land that Bozeman school officials are interested in purchasing include the parcels near the post office on Baxter Lane, and a parcel south of Huffine Lane near Ressler Motors. In order to raise money to purchase these parcels of land, school officials are hoping to sell the land they currently own— the Emerson lawn at Babcock and 4th Avenue. With the deadline to put a land purchase for schools on the May 8th ballot coming up on February 27th, school officials are eager to sell the land their currently own as soon as possible. So far there are three Emerson lawn bidders, though none of the three bids have met the current appraisal amount for the lawn ($2.275 million).

Desired Locations

Both parcels of land located near the post office are long and thin— not ideal for a school. To remedy this, school officials want to buy both parcels and combine them into one, square-shaped, 10-acre parcel. Luckily the owners of both parcels inherited the land, and are more than happy to sell the land, since it will become home to a school, rather than another condo complex. The total cost of both parcels is estimated to be around $1.6 million. Developer Gene Cook owns the 12-acre parcel of land just southwest of Ressler Motors off of Huffine Lane— school officials have stated that although terms of a deal haven’t been negotiated just yet, they are hopeful that the developers will be willing to either work out a land trade or donate several acres to the school district.

Bozeman school officials will ask voters in May to approve either one or both locations for the future elementary schools and are hoping to have the money from the Emerson lawn sale in hand by that time so that school officials will not have to ask voters for money or tax hikes. 

 

Current Elementary Schools (Blue) and Probably Future Locations (Red)

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