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 Riverfront Triangle Project, a proposed 60,000-square-foot Missoula Conference Center, could be the largest meeting space between Spokane and Billings.

• 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.

The AC Hotel would complement the Mercantile, which should be complete this year and would have a European style. Illustration credit: 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.

The Missoula International Airport is set to begin expansion of, in part, a new passenger terminal. Rendering credit: Missoula Current.

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 rendering of the new Missoula Public Library, set to open in 2020.

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 -

Gabe Semenza, InterNACHI certified home inspector and radon tester

406-240-7940

gabe@inspectmissoulamt.com

#Missoula #MT #HomeInspection