A 288-unit apartment project on Treeline Road in Kalispell is under construction, according to a national brokerage’s third-quarter pipeline, with the first of three phases already financed.
MMG Real Estate Advisors listed Bloomstone, at 1070 Treeline Road, among Montana projects under construction and put a May 2028 completion on the calendar. The firm’s table was assembled Aug. 19 and can lag, the report cautioned.
A financing summary from LFB Ventures, which arranged the construction loan, fills in the earlier math. The firm said it secured $21,177,161 for phase one of a project covering 13.7 acres inside an 85-acre master-planned community. The apartments are planned in three phases of 96 units each. The loan, LFB said, covers the first 96 units plus a clubhouse and community amenities, and the firm also negotiated a commitment that would let later phases start while earlier ones are in lease-up.
The LFB write-up does not give a groundbreaking date, and MMG does not describe how far vertical construction has gone. What the two sources agree on is the size and the fact that the project has moved past entitlements into the construction column.
For Kalispell, 288 apartments is a large addition relative to the existing rental stock. The first 96 units, if the phasing holds, will arrive well before the 2028 date on the full project.
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