What’s being Built at 19th and Kagy? Meet Alpenglow

Summary: The open lot at the southeast corner of South 19th Avenue and Kagy Boulevard has broken ground on Alpenglow, a 273-unit apartment community with a clubhouse and a 10,000-square-foot commercial building. Developer Keyhole Capital lists 2028 as the completion year.

Who's building it, and what's the plan?

If you've caught yourself staring at that corner from the stoplight lately, here's your answer. Wisconsin-based Keyhole Capital is building three five-story apartment buildings with 273 units total on the 8.2 acres between Kagy, State Street, South 17th and South 19th. The plans also include a clubhouse and a 10,000-square-foot commercial building along Kagy.

No buildings are up yet, but after years as an empty field, just the construction here seems like a big deal.

How much parking will there be?

The city site plan calls for 510 spaces, which works out to just under two per apartment. Planned amenities include a fitness center, pool and hot tub, and a business center for residents.

Keep in mind the plans date back to 2023 and 2024, so details could shift before Keyhole's 2028 target. We'll update this post as things change.

Alpenglow is the next chapter for the South University District

The district started more than a decade ago with student housing like Stadium View and The Arrow, which brought about 1,400 beds near campus. We covered the bigger plan in Development on Bozeman's South Side, and Alpenglow is the biggest piece yet to break ground on this corner.

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