What's Happening?
Greenway Development Group has officially opened the Parkline Towers, a luxury apartment complex in Kalispell, Montana. The development, located between East Idaho Street and the Parkline Trail, features 224 units across two L-shaped, four-story towers. The first tower opened to renters in May, while the second received its certificate of occupancy recently. The complex offers a range of amenities, including stainless steel appliances, granite countertops, and access to a dog park and pavilion. Rental prices vary, with one-bedroom units starting at $1,450 per month. The project replaces a former Ford dealership and is part of Greenway's broader development efforts in the region.
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Why It's Important?
The opening of Parkline Towers addresses the growing demand for housing in Kalispell, a city experiencing rapid development. The project not only provides new housing options but also enhances the local economy by attracting potential residents and creating jobs. The development's strategic location near the Parkline Trail offers residents recreational opportunities, potentially increasing the area's appeal. As housing markets tighten nationwide, such projects are crucial in meeting demand and stabilizing rental prices. The involvement of local economic development groups highlights the collaborative effort to boost regional growth.
What's Next?
With 29% of the units already rented, Greenway Development Group will focus on leasing the remaining apartments. The company may also explore further development opportunities in Kalispell and surrounding areas, leveraging the success of Parkline Towers. Local businesses and the community are likely to benefit from increased foot traffic and economic activity. The project sets a precedent for future developments, emphasizing the importance of integrating residential spaces with community amenities.
