The Development — Gallatin Crossing

Phase 2

Medical Pavilion Under Construction

BOZEMAN’S PREMIER RETAIL DESTINATION UNDERGOING TRANSFORMATION AND WELCOMING MONTANA’S FIRST WHOLE FOODS MARKET AND NEW MEDICAL PAVILION

Gallatin Valley Mall is undergoing a $50+ million, multi-phase redevelopment and will soon be rebranding and changing the property name, Gallatin Crossing. This redevelopment is a total transformation from Bozeman’s storied and traditional shopping mall to a modern, mixed-use center that houses high-end retail, entertainment, medical and grocery offerings. The first phase of the extensive physical changes, as well as the broad and diverse new slate of premium tenants, are expected to be completed in the next year. The project is being led by Billings-based owner Corning Companies, Situs Realty Group, and development partners Boston-based Grossman Development Group and Boston Realty Advisors.

The first phase of this property’s transformation into Gallatin Crossing, which began in September 2022, includes demolishing a significant portion of the enclosed mall to make room for modern medical services and new retail experiences. Significant improvements to the entire property are projected for the next phase of the redevelopment including mall façade upgrades, parking, landscaping, wayfinding signage and lighting - all planned to begin construction in Spring 2023.

“As Bozeman experiences unprecedented growth, Gallatin Valley Mall/ Gallatin Crossing is evolving to maintain its position as the area’s premier destination for both essential and discretionary retail,” said Steve Corning, CEO of Billings-based Corning Companies. “Adding the medical use creates more convenience for patients who can fulfill many essential needs in one location. Not only is Gallatin Valley Mall/ Gallatin Crossing the geographic center of Bozeman, but with these new upgrades, it will be the comprehensive lifestyle center in the market.”

The major components of this first phase of redevelopment are the addition of a new, Medical Pavilion, and Montana’s first Whole Foods Market. The 45,000 SF Medical Pavilion brings together two of the region’s most established healthcare entities, SCL Health, now Intermountain Healthcare, and Ortho Montana PSC. The Medical Pavilion intends to open in 2023 and create great synergies for the new, mixed-use development.

Jeremy Grossman, Principal of Grossman Development Group says “National brands are now competing for access to this customer base and we expect to draw a wide range of popular concepts to feed the new demand for elevated retail and services.”

About Corning Companies

Corning Companies, formed by CEO Steve Corning, began developing commercial, light industrial, healthcare and multi-family real estate in 1979. With a primary focus on power centers and regional center development, Corning Companies owns, manages, and has developed over 1,300,000 square feet of retail, office, light industrial, healthcare, and multi-family properties throughout Montana. In 2018, Lilly Corning Thompson joined the team, which is responsible for all phases of development including site acquisition, pre-development activities, capital formation, marketing and leasing, design and construction management. For more information, visit www.corningcompanies.com.

About Grossman Development Group

Grossman Development Group, LLC (GDG) specializes in retail and mixed-use development, redevelopment and acquisition. GDG’s expanding portfolio throughout New England and beyond is internally leased, managed and (re)developed by an experienced team of industry leaders. Led by industry veterans Howard Grossman and Jeremy Grossman, the firm is well-known for retail excellence and community engagement. For more information, please visit www.grossmanre.com.

PRESS

"Montana will get its first Whole Foods at a made-over Bozeman mall"
Chain Store Age
November 2022

"Bozeman's Premier Retail Destination Undergoing Transformation and Welcoming Montana's First Whole Foods Market and New Medical Pavilion"
Bozeman Magazine
November 2022

Phase 1

Whole Foods Market Under Construction

BOZEMAN WELCOMES WHOLE FOODS MARKET
TO GALLATIN VALLEY MALL

REDEVELOPMENT PLAN TO CREATE A UNIQUE AND SUSTAINABLE MERCHANDISING MIX

Gallatin Mall Group is pleased to announce that Whole Foods Market will open a new natural and organic grocery store at their mall in Bozeman, Montana – the Gallatin Valley Mall.

Whole Foods Market tagged Bozeman for its first foray into the Montana market, citing its designation by the U.S. Census Bureau as the fastest growing small city in the United States. This ranking is furthered by Policom.com, ranking Bozeman #1 of 542 Micropolitan areas in the U.S. in terms of “Economic Strength” for the past three years.

Steve Corning, Managing Member of Gallatin Mall Group, said, “Bozeman’s economic growth in recent years has been remarkable, and since the advent of COVID-19 and its negative impact on more densely-populated urban areas, we are seeing unprecedented in-migration from major urban markets as companies are making it easier for their employees to work remotely.” He continued, “Bozeman’s wide-open spaces, year-round recreational opportunities, airline connectivity, relative housing affordability, excellent public schools and the presence of a major university are factors that make Bozeman an easy destination for families seeking a major change in lifestyle.”

The Gallatin Valley Mall has been southwest Montana’s premier shopping destination for the past 40-years, serving a five-county trade area of approximately 150,000 people. Since acquiring the shopping center in 1997, Gallatin Mall Group has regularly made improvements to the property in order to better serve the needs of Bozeman’s ever-evolving market. Whole Foods Market will join Macy’s, Barnes & Noble, Regal Cinemas and JoAnn Fabrics in anchoring the 365,000 square foot center.

Gallatin Mall Group is partnering with a team of three companies to engineer and execute a comprehensive redevelopment strategy for the 37.4-acre property. Boston Realty Advisors, Grossman Development Group, and The Broadway Company – all headquartered in Boston – will bring their expertise in redevelopment, leasing and marketing to reimagine the property. Their vision will transform the enclosed mall into a more diverse mix of space to a “Main Street” retail experience via public gathering spaces and a broad mix of retail tenants that cater to daily needs as well as fashion and entertainment.

Whole Foods Market was represented by Cameron Simonsen and Lori Coburn, of Colliers International. The landlord was represented inhouse by John Morrow, Managing Member of Gallatin Mall Group, Jeremy Grossman of Grossman Development Group, and Whitney Gallivan of Boston Realty Advisors.