Nov 15, 2014
Two new buildings valued at a combined $5.5 million are under construction at Transtech Center on the West End, a good sign for a development slowed by the recession.
PayneWest Insurance is building a $3.39 million, 14,000-square-foot office at 3289 Gabel Road, at the corner of South 32nd Street West.
Across the street at 1241 N. Transtech Way, Billings-based Olsen Orthodontics is building a new $2.2 million, 8,000-square-foot office.
Both buildings are expected to be finished next May, said Jerry Thomas, director of real estate for Bottrell Family Investments, which owns the 104-acre Transtech Center.
“It’s good news for Billings,” Thomas said.
The two projects have been a shot in the arm for the local commercial construction industry, which started slow this year because of the brutal weather.
Commercial construction in Billings totaled $39.6 million in the first 10 months of this year, well below $102.8 million during the same period in 2013, according to the city of Billings.