Page 29 - Flathead Beacon // 5.27.2015

FLATHEADBEACON.COM MAY 27, 2015 | 29 REAL ESTATE
BUSINESSMONTHLY
Construction of the Bloomstone subdivision near Kidsports Complex in Kalispell. GREG LINDSTROM | FLATHEAD BEACON
Massive Housing Development UndTerway in Kalispell
First phase of Bloomstone to have 96 apartments, 25 houses
BY MOLLY PRIDDY
he arrival of summer means housing market. The idea behind vis said, which is the sweet spot for the construction season in the Bloomstone is to provide more afford- tight housing market in Kalispell. Flathead, and for Jim Davis able housing options in the city, Davis “There’s a lot of the new construc- and the rest of the team re- said, and to put the development in a tion coming on, and we wanted to offer
sponsible for the Bloomstone Develop- convenient area for its residents. what the valley needs,” Davis said.
ment, this has been a long time coming. Earlier this spring, construction crews broke ground on a massive sub- division project in Kalispell, one that has been on the backburner since the economy imploded in 2008 and is now
coming to fruition.
“We shut down and were able to
ride out the storm,” said Davis, a proj- ect manager for and part owner of Ka- lispell National Investment Compa- ny. “As we started seeing the market changing, we decided to fire back up.”
Firing back up means a major change for the makeup of Kalispell’s
With 79 acres located west of the Kidsports Complex and south of Gla- cier High School, Bloomstone hopes to establish more than 500 housing units of varying size and price, rang- ing from apartments for rent to sin- gle-family homes.
The first phase of the project is underway, and Davis said progress is moving quickly. It includes an apart- ment complex with 96 units – eight buildings with 12 apartments in each – and 25 single-family houses.
The initial round of houses will price in at about $220,000 each, Da-
Tom Jentz, director of Kalispell’s planning department, said the Bloom- stone project is one of many that went dark during the recession, but the de- velopers stuck with it.
Now, with the 96 apartments and 25 houses starting up, this one devel- opment is responsible for more hous- ing than all of last year’s start-ups com- bined, Jentz said.
“Last year, we did about 100 resi- dential permits,” Jentz said. “We have a single project that we’re starting to
See Development PAGE 31