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Capstone is pleased to present Laurel Meadows, a 4-phased residential development situated on 40.82 acres supporting up to 528 total units.
Ideally located in West Bozeman, Laurel Meadows offers incredible mountain views and easy access to recreation. Laurel Meadows sits adjacent to natural open space and an interconnected trail system providing access to The Lakes at Valley West Park, Bronken Park-Natural Space, and Adam Bronken Memorial Sports Complex. With Montana State University and Downtown Bozeman less than 10 minutes away, Laurel Meadows provides qualified investors a one-of-a-kind opportunity to plant their flag in one of the nation’s hottest real estate markets.
SITE HISTORY
Laurel Meadows comes with much of the heavy-lifting pre-development work already completed. Phase 1 is fully approved for 102 multifamily units with 48 of those units already submitted for building permits. City approval for concurrent construction of the adjacent road allows a Buyer to begin construction of Phase 1 immediately. Flexibility with future phases allows up to 426 additional units in a variety of forms such as townhomes, condos, apartments, and/or single-family detached allowing a Buyer to tailor their project to shifting market conditions.
Development Highlights:
102-Unit Phase 1 Approved and Soon to be Shovel-Ready
Phases 2, 3, & 4 Allow Variety of Residential Products
$90k Median Household Income Within 1 Mile of Laurel Meadows
Neighborhood Average Rental Rate is $2,559 and Average Home Sale Price is $745,000
Bozeman Economy Ranked #1 Out of 558 Micropolitan Areas 6 Years in a Row
Bozeman Made Time Magazine’s ‘World’s Greatest Places’ List for 2023