Wallace Works | Development Update + What's for Sale

Summary: Wallace Works is a new mixed-use community in Northeast Bozeman at 801 N. Wallace Avenue, with for-sale row homes, rental apartments, co-living spaces, live/work units, and commercial space. The first row homes and a commercial lease space are now on the market.

Where is Wallace Works?

Wallace Works is located 801 N. Wallace, on a site with deep roots in Bozeman’s history. The property was originally home to a brewery built by the Lehrkind family in 1895, which was once the biggest building in town until the Montana State University fieldhouse was constructed. 

Most of the old brewery was demolished in 2007 after a developer purchased the property. When the recession hit, redevelopment plans stalled, leaving one of the historic brewery walls standing until 2014.

This pocket of northeast Bozeman has changed a lot in recent years. What was once an overlooked corner of Bozeman is now a lively neighborhood with a personality all its own. There are several developments underway in this area, including Bozeman Yards, a 5-story luxury condo development, and BG Mill, a luxury condo development at the site of the old grain mill down the road. 

What will be included in the Wallace Works project?

According to the current Wallace Works website, the project is expected to include:

• 5 live/work units
• 47 studio and one-bedroom apartments
• 11 two-story row homes
• 4 commercial spaces

The website describes Wallace Works as a walkable community in Northeast Bozeman, close to cafes, shops, and trails. It also notes that the site will include outdoor public gathering spaces and commercial tenants intended to serve everyday neighborhood needs.

What is the current status of the Wallace Works development?

The project received its initial approval in 2023, and in October 2024, Bozeman city commissioners approved an urban renewal agreement that provides the developers with tax reimbursements in exchange for adding below-market-rate housing units to the project.

More recent city planning documents show the project being phased, which allows parts of the development to move forward while other portions are modified or completed separately.

Wallace Works is currently under construction, and the project is now being promoted as a mixed-use community with row homes for sale, apartment rentals, co-living spaces, live/work units, and commercial spaces.

Can you buy or lease at Wallace Works yet?

As of October 2026, the first spaces at Wallace Works have reached the market. Both residential and commercial options are now listed available in Wallace Works. 

The first of the for-sale row homes have been listed, in the building fronting East Aspen. They are still under construction, with completion expected in early 2027. Current pricing, floor plans, and photos are in the live listings below.

On the commercial side, one of the ground-floor spaces is available to lease, suited to a bistro, deli, or neighborhood market. It sits a block from Wild Crumb Bakery and Treeline Coffee, which gives a good read on the kind of everyday retail the developers are after.

👉🏻 See the residential listing

👉🏻 See the commercial listing

Will Wallace Works include affordable housing?

Yes. As part of the urban renewal agreement, seven rental units in the apartment building are set aside as workforce housing, deed-restricted for renters earning up to 80% of the area median income and kept at that level for 50 years.

In exchange, city commissioners approved the project as an Urban Renewal Project in October 2024 and agreed to reimburse the developers roughly $2 million in tax increment financing toward eligible costs, including the affordable units and utility upgrades in the area. 

Who is developing Wallace Works?

The project was proposed by Erik Nelson of Nest Partners, the team behind the Lark Motel and the Rialto. In a January 2023 interview, Nelson said they wanted to maintain the neighborhood’s “funkiness and grit.”

“We’re doing our best from a site plan and landscaping perspective to not make it totally polished like it landed here from some other community.”

Looking for Updates on Developments in Bozeman?

We regularly track new neighborhoods, commercial projects, zoning changes, and development applications across the Gallatin Valley. 

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