Venture West Signs Anchor Tenant for Major Mixed-Use Project
Jackrabbit Crossing is a master-planned development covering nearly 200 acres.
Rosauers Supermarkets has signed a long-term lease at the Jackrabbit Crossing development in Belgrade, Mont., Venture West Development announced Monday. The supermarket is seen as the anchor for the 196-acre master-planned, mixed-use development.
Belgrade is in Montana’s Gallatin Valley, near Bozeman, the home of Montana State University.
Jackrabbit Crossing is only three-quarters of a mile from I-90, 10 minutes from Bozeman and 3 miles from Bozeman Yellowstone International Airport.
Todd Waller, principal of Venture West Development, told Commercial Property Executive that Rosauers is expected to break ground in April 2025 and open in the fall of 2026. He added that Venture West currently has several LOIs under negotiation and will move to lease and purchase agreements “very soon.”
More than 2,500 residences have been approved within one mile of Jackrabbit Crossing, enhancing its appeal as a convenient shopping destination, according to Venture West.
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The developer recently announced a proposed 53,000-square-foot Amazon distribution center at Jackrabbit Crossing, to serve as a last-mile delivery hub.
The first Rosauers grocery store opened in 1934 in Spokane, Wash. The chain has since expanded to include Super 1 Foods and Huckleberry’s Natural Markets. Rosauers serves the inland Pacific Northwest, with more than 20 stores across Washington, Oregon, Idaho and Montana.
Less empty these days
Venture West noted the rapid population growth in the Gallatin Valley, which counts about 128,000 residents and is expanding annually at more than 2.5 percent.
That’s a substantial departure from what author Joel Garreau, in his 1981 book “The Nine Nations of North America,” called “The Empty Quarter”: the vast region encompassing most of the Rocky Mountain region up through Canada’s prairie provinces.
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