BELGRADE, Mont. - Venture West Development announced that Rosauers Supermarkets has signed a long-term lease at the new Jackrabbit Crossing development in Belgrade, located within Montana's Gallatin Valley, near Bozeman. This 196-acre, master-planned, mixed-use development, anchored by Rosauers, is designed to be a true live/work/shop community.
Jackrabbit Crossing 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 3/4 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.
Todd Waller, principal of Venture West Development, LLC, expressed enthusiasm about Rosauers Supermarkets' lease signing. "We are thrilled to welcome Rosauers as the anchor tenant for Jackrabbit Crossing. This project is set to deliver much-needed amenities to Jackrabbit Corridor, including a grocery store, restaurants, convenience services, and hotels. The infrastructure in place will support Belgrade's future growth and provide a significant boost to the local economy."
Waller predicts increased interest from other businesses as well. "With a high-profile grocer like Rosauers, we foresee an influx of retailers and restaurants eager to establish themselves in the area. 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."
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.
Venture West Development recently made headlines with the announcement of a proposed 53,000-square-foot Amazon 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 72,000 square feet and is projected to handle 6,500 to 7,000 packages daily, creating 100 jobs.
"We are excited about the ongoing developments at Jackrabbit Crossing," added Waller. "The combination of Rosauers and the upcoming Amazon distribution center underscores the significance of this project in driving economic growth and meeting the needs of our rapidly expanding community."
Rosauers Supermarket had its beginning in 1934 when J. Merton Rosauer, just out of school, bought a little grocery store on the corner of Sprague and Lee Streets in Spokane, Washington. Over the years, Rosauers has grown to include Rosauers Food & Drug stores, Super 1 Foods, and Huckleberry's Natural Markets. Rosauers serves the Inland Pacific Northwest, with over 20 stores located throughout Washington, Oregon, Idaho, and Montana. In Montana, locations include Libby, Kalispell, Missoula, and Bozeman.
All Rosauers Supermarkets have the following departments: produce, bakery, deli, meat, floral, and general merchandise. Most Rosauers locations have a pharmacy department, with professionally trained pharmacists.
For more information about Jackrabbit Crossing and leasing opportunities, please visit Venture West Development at venture-west.com.
About Venture West Development
Venture West Development is a dynamic real estate firm specializing in a diverse range of projects, from meticulously master-planned large-scale raw land developments to single-tenant retail and multi-tenant commercial real estate. With a portfolio that spans across Montana’s Gallatin Valley, including Bozeman and Belgrade, as well as throughout the Midwest, Venture West Development is committed to creating value and transforming communities.
For more information, visit venture-west.com.
Media Contact
Company Name: Venture West Development, LLC
Contact Person: Anne Monaghan | Monaghan Communications
Email: Send Email
Phone: (949) 677-2933
Address:529 E. Main Street Suite 109
City: Bozeman
State: Montana
Country: United States
Website: https://venture-west.com/
