Posted: May 2, 2013 5:35 PM by Judy Slate
Updated: May 3, 2013 9:13 AM
There's been a lot of good news lately about the local economy. But, several very large buildings within Bozeman city limits are vacant, and filling them is not easy according to Bozeman's Director of Economic Development, Brit Fontenot.
"Vacant buildings tell a story... getting tenants in those buildings and getting them back useful again is really important to the city," said Fontenot.
The empty buildings include the old CVS recently vacated off of Main Street, the former Van's grocery store on Seventh Avenue, the Safeway on Main Street and the building that has been vacant the longest, the old Kenyon Noble Building on Mendenhall.
Fontenot says reusing these large buildings has advantages. In most cases the impact fees are already paid and there is less need to develop green spaces. But, the big buildings have challenges as well, especially trying to reconfigure such a large space for a new use. And in the case of the Safeway building, a new use is a must as there is a deed restriction that forbids a business that deals with food, pharmaceuticals or gasoline.
The asking price for the old Safeway building is $2.5 million and it's about 41,000 square feet. According to the real estate agent representing Safeway, the building is under contract and they'll know within 30 days if they have a deal.