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7/23/24
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Rosauers Supermarkets has signed a long-term lease at the new Jackrabbit Crossing live/work/shop development in Belgrade, MT. The 196-acre, master-planned, mixed-use project is located within Montana’s Gallatin Valley, near Bozeman.
Jackrabbit Crossing, developed by Venture West Development, is strategically positioned to meet the needs of the rapidly growing Gallatin Valley, which boasts a population of 127,880 and an annual growth rate of over 2.5%. Since 2010, the Valley has experienced a 40% population increase, creating a demand for 6,815 additional housing units to accommodate job growth in the area.
The development offers a regional draw with its prime location on Jackrabbit Lane, one of Montana's busiest roads, just ¾ mile south of the Interstate. It is situated in the primary corridor between Yellowstone International Airport, Yellowstone National Park, and Big Sky, Montana, areas that attract millions of visitors annually. Yellowstone National Park sees over 3,000,000 visitors per year, while Big Sky had over 700,000 skier visits in 2020.
The Jackrabbit Crossing development includes three lighted intersections and is only ten minutes from Bozeman, ensuring easy access for residents and visitors. Over 2,500 residences have been approved within one mile of the project, enhancing its appeal as a convenient shopping destination. Additionally, it is located just three miles from Bozeman Yellowstone International Airport.
“With a high-profile grocer like Rosauers, we foresee an influx of retailers and restaurants eager to establish themselves in the area,” commented Todd Waller, principal of Venture West Development LLC. “Such a prominent anchor tenant tends to draw a diverse range of businesses looking to capitalize on the increased customer traffic. At full buildout, the development is expected to generate over 67,000 trips per day.”
In addition, Amazon has announced plans for a proposed 53k sf distribution center at Jackrabbit Crossing. According to Waller, this facility will serve as a last-mile delivery hub, similar to a recently opened center in Missoula County. The Missoula facility spans 72k sf and is projected to handle 6,500 to 7,000 packages daily, creating 100 jobs.
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