Charlottesville’s Octagon Partners is looking to expand its horizon. The developers of the former Martha Jefferson Hospital (MJH) downtown location, purchased for $6.5 million in September, are eyeing a 130,000-square foot historic retail building in downtown Missoula, Montana.
Octagon focuses on rehabbing historic buildings for commercial or residential use.
“We are looking at the building to purchase,” Octagon’s J.P. Williamson is quoted as saying. “There’s a chance that if we move forward on the transaction it could close by year’s end.”
According to the Independent article, at one point, The University of Montana was interested in purchasing the Macy’s building to house the Montana Museum of Art and Culture, but the bid did not materialize.
In Charlottesville, Octagon has recently completed the Gleason building on Garrett Street and the Hardware Store on the Downtown Mall.
