Plans have been submitted to develop more than 50 acres of former mining pit land just south of Bozeman Yellowstone International Airport into a mixed-use complex complete with hotels, restaurants and retail businesses.
Connecticut-based developer Charter Realty & Development submitted the preliminary project documents for its Yellowstone Airport Plaza to the Belgrade Planning Department earlier this week.
According to the plans, Charter is currently in negotiations to purchase the Figgins Pit property — located north of Interstate 90 and east of Airway Boulevard between the two roundabouts — from construction materials company Knife River.
The first phase of the project would build up 25 acres abutting Airway Boulevard with restaurants, retail spaces, offices and hotels, said Dan Zelson, a principal with Charter Realty. The company is working with the city of Belgrade and airport officials, as well as Bechtle Architects and Morrison Maierle Engineers.
“With all the growth coming out of Bozeman into Belgrade, we’re keeping it as flexible as possible,” said Zelson, noting that the long-term vision could include residential buildings.
Located just off a major interstate and a stone’s throw from the state’s busiest airport, the property represents a rare opportunity, he added. Pending approval, the company hopes to begin construction next year and welcome its first tenants in 2019.
On its website Charter lists dozens of retail projects, mostly on the East Coast. The company has developed several properties in Montana, including a portion of Big Sky Town Center and Little Bear Interiors in Four Corners.
The airport plan also includes the potential to develop an additional 91 acres of non-zoned land east of the proposed plaza. Knife River had previously applied to zone the 50-acre portion in anticipation of a sale.
The plan will go before the Belgrade Planning Board on Monday and Belgrade City Council for an informal review on Sept. 18.
Original article ➤ http://www.bozemandailychronicle.com
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