Business boom continues in Missoula
While 2017 was a record year for building permits in Missoula ($277 million worth, according to the Missoula Current) 2019 appears to be financially promising, as well.
Consider the various projects planned for or continuing this year:
The Riverfront Triangle Project could begin physical development this year. This project could include a 60,000-square-foot conference center, 10-story hotel, underground parking and seven acres of office, housing and commercial space. At an estimated $200 million dollars, the project would represent the largest planned capital investment ever in a Montana city.
The AC Hotel, a $21 million investment planned for the corner of Pattee and Main Street, could break ground come spring. It could include a speakeasy, rooftop bar and 105 guest rooms, according to the Missoula Current.
Several other large projects could also open and/or begin this year. Those projects include:
The Roam student housing projected ($26 million).
Mercantile Hotel ($40 million)
Expansion of the Missoula International Airport.
Lastly, work is also underway on the new Missoula Public Library, which is set to open in 2020 ($36.5 million). Once completed, the library would include:
109,000 square feet across five levels, including increase parking.
550,000 eventual items (books, magazines, etc.), up from a current 200,000 items
Tripled capacity for computer access and faster internet.
More public gathering spaces and meeting room flexibility.
Photos below provided by the Missoula Public Library:
A level-by-level look at the new library:
So while 2019 might not be a record-breaking year for construction permits, it looks to be another solid business-growth year in Missoula. All this should bode well for residential real estate, as well.
Thanks for reading -