STAPLETON BUILDING

DESCRIPTION

Designed in 1904, the Stapleton Building was the largest and tallest building in Billings at the time of its construction. The building originally housed Hart Albin’s Department Store, offices, and a men's overnight club. By the late 1990s the building was virtually empty and falling into disrepair; the roof leaked, utilities to the upper floors were cut off, and all but one small first floor tenant had moved out. A plan to resurrect the building with a mix of commercial, office, and residential uses began in 2004. The Stapleton Building is now home to a parking garage in the basement, retail stores and restaurants on the first floors, offices on the second floor, and condominium apartments on the third and fourth floors.

The building underwent a dramatic façade renewal; much care was taken in stripping the paint applied in the 1950s from the brickwork to reveal its original color and integrity. The 1950s first floor commercial façade “improvements” were removed and replaced with new aluminum storefronts in a configuration that harkens to the original store fronts of the early 1900s. Replacing the windows and capping the building with an ornamental, metal cornice completed the façade revitalization.

LOCATION
Billings, Montana

SIZE
Building Gross Area: 70,000 SF
Residential Area: 22,601 SF Commercial Area: 27,200 SF

DWELLING UNITS
14

TOTAL COST
$5,561,804
*project shares sold, not building

CAPITAL STACK
• Commercial Loan
• Revolving Loan Fund
• Private Equity
• TIF Grant

COMPLETED
2005

PROJECT HIGHLIGHTS
Historically sensitive renovation to preeminent downtown mixed use building