Last updated on July 30th, 2024 at 07:03 pm
Rosauers Supermarkets has signed a long-term lease at the Jackrabbit Crossing development in Belgrade, Montana, just northwest of Bozeman, according to Venture West Development, a real estate firm handling the project.
The company said Jackrabbit Crossing is positioned to meet the needs of the rapidly growing Gallatin Valley community, which boasts a population of 127,880 and an annual growth rate of more than 2.5 percent. Since 2010, it has experienced a 40 percent population increase, creating a demand for 6,815 additional housing units to accommodate job growth in the area.
The development is situated in the main corridor between Yellowstone International Airport, Yellowstone National Park and Big Sky, Montana, areas that attract millions of visitors each year. Yellowstone National Park draws more than 3 million visitors per year, while Big Sky had more than 700,000 skier visits in 2020.
Todd Waller, principal of Venture West Development, 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,” he said. “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,” he said. “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.”
[RELATED: From Humble Beginnings, Rosauers Serves Inland Pacific Northwest]
Ten minutes from Bozeman and three miles from Bozeman Yellowstone International Airport, the Jackrabbit Crossing development includes three lighted intersections. More than 2,500 residences have been approved within one mile of the project.
Venture West Development recently shared news of a proposed 53,000-square-foot Amazon distribution center at Jackrabbit Crossing. According to Waller, the facility will serve as a last-mile delivery hub, similar to a recently opened center in Missoula County. That facility spans 72,000 square feet and is projected to handle 6,500-7,000 packages daily, creating 100 jobs.
“We are excited about the ongoing developments at Jackrabbit Crossing,” Waller added. “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 began in 1934 when J. Merton Rosauer bought a grocery store 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 more than 20 stores throughout Washington, Oregon, Idaho and Montana. It’s Montana locations include Libby, Kalispell, Missoula and Bozeman.
