Phase Two

A Development Site Within Urban + Farm

Phase Two

± 84.9-acre development site

The Phase II parcel is intended to be sold off as multiple different sites to be built as a mixed-use development. Master-planned by Cushing Terrell, the agrarian-themed community will encompass a variety of landscapes with green space interwoven throughout residential units, retail, restaurants, and offices space. The yield study for Phase II, developed by KTGy calls for ± 1,100 residential units, 100,000+ square feet of commercial space, and ± 15 acres of parks and open space.

The residential units are intended to be a mix of multifamily, attached single-family, and detached single-family. at the core of Phase II is the commercial hub, centered around a future vertical greenhouse and recreation center intended to serve the entire development. The yield study serves as a loose guide for how the development could look once built rather than serving as a prescriptive plan of what must be built and where.

Phase II is located within the greater ± 106-acre Urban + Farm master planned community that will feature a mix of residential and commercial development. Bozeman has experienced over 45% population growth since 2010, with no signs of slowing down after nearly a 10% growth in population from 2021 to 2022.

Click map to enlarge.

Property Details:
Location 8553 Huffine Lane, Bozeman, Montana 59718
Site Size 84.9 +/- Acres
Units TBD
Zoning Community Business District-Mixed (B-2M), Residential Emphasis Mixed-Use District (REMU)
Entitlement Status Coming Soon
Mill Levy 568.000
Utilities City of Bozeman Water & Sewer
Plan Area 1:
Size 4.4 Acres
Zoning REMU & B-2M
Use Detached & Attached Single-Family
Units 43
Density 12 Units Per Acre
Status Conceptual Yield Study
Plan Area 2:
Size 5.0 Acres
Zoning B-2M
Use Attached Single-Family
Units 52
Density 12 Units Per Acre
Status Conceptual Yield Study
Plan Area 4:
Size 6.8 Acres
Zoning B-2M
Use Multifamily
Units 190
Density 28 Units Per Acre
Status Conceptual Yield Study
Plan Area 8:
Size 4.6 Acres
Zoning B-2M
Use Attached Single-Family
Units 132
Density 29 Units Per Acre
Status Conceptual Yield Study

Photo Gallery

Development Highlights

  • Strong multifamily trends – 9.6% year-over-year
  • Rent growth and a 2.2% vacancy as of the fourth quarter 2022
  • High new build rents – $2,429 average per unit and $2.42 averatge rent per square foot as of January 2023
  • Resilient housing market – 18.5% year-over-year condominium sale price growth as of the fourth quarter 2022
  • High-cost housing prices – $582,919 average condominium sale price as of the fourth quarter of 2022
  • 17,740 people moved to Bozeman since 2010 – 45.8% population growth
  • Population continues to grow with 9.8% year-over-year population growth
  • 46% future 10-year job growth
  • $94,855 average household income in Bozeman
  • 68% of people in Bozeman have a college degree
  • Bozeman ranked #1 out of 543 micropolitan statistcal areas since 2018
  • #3 fastest growing micropolitan in the country
  • Montana was the #1 moved-to-state during the pandemic
  • #3 state with the best economy

Contact

Eric Ladd

Founder, CEO
Outlaw Realty
Licensed in Montana
(406) 570-0639

Darren Streets

Real Estate Sales
Outlaw Realty
Licensed in Montana
(406) 570-4862

Eric Ladd

Founder, CEO | Outlaw Realty
Licensed in Montana
(406) 570-0639

Darren Streets

Real Estate Sales | Outlaw Realty
Licensed in Montana
(406) 570-4862