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Tue, May 18
A Compendium of Property & Capital News
Tue
May 18
A Compendium of Property & Capital News

Grossman Heading to Big Sky; Co-Developing First Whole Foods in Montana

December 01, 2020
The Gallatin Valley Mall, Bozeman Montana

FRAMINGHAM– Grossman Development Group, (GDG) has announced plans to co-redevelop the Gallatin Valley Mall in Bozeman, Montana, bringing the first Whole Foods Market to the Big Sky state.

The Gallatin Valley Mall serves a five-county trade area of approximately 150,000 people. Gallatin Mall Group acquired the shopping center in 1997.

GDG will bring its expertise in leasing and marketing to the joint venture with Gallatin Mall Group, as well as partners Boston Realty Advisors, and The Broadway Company, both located in Boston. Through the execution of a comprehensive redevelopment strategy to reimagine the 37.4-acre property, the partnerships will transform the enclosed mall into a more diverse space, resulting in a “Main Street” retail experience to include public gathering areas and a broad mix of retail, lifestyle, and entertainment tenants.

“We are excited to be able to leverage our Whole Foods and mall redevelopment expertise in collaborating with an incredibly talented group of partners,” said Jeremy Grossman, Senior Vice President/Principal for GDG. “Bozeman is a dynamic micro-city, poised for strong mixed-use demand.”

Whole Foods Market will join Macy’s, Barnes & Noble, Regal Cinemas, and JoAnn Fabrics in anchoring the 365,000 SF center. The popular natural and organic grocery store cited the U.S. Census Bureau’s designation of Bozeman as the “fastest-growing small city in the United States” as the reason for the location of their first market in the state.

The specifics of Phase Two of the project will be announced in the near future, along with details of new retailers, restaurants, and community amenities.