[Urbannizer]

Now proposed as residential.

*Feb 13th, 2018

https://www.sltrib.com/news/business...alt-lake-city/

Convinced that downtown living is increasingly desirable, real-estate developers Cowboy Properties and Boyer Co. want to build a 24-story apartment building on State Street between 100 and 200 South.

Sandwiched between the Wallace F. Bennett Federal Building on 100 South and the Maverik headquarters on 200 South, the $90 million high-rise would include roughly 300 apartment units and a rooftop swimming pool. A five-story parking terrace would be built on its east side, hidden from street views by surrounding buildings.

Although rent levels would vary, Cowboy Properties President and CEO Dan Lofgren said most would cost near the “top of the market in today’s market. We’ll have studios to very large two-bedrooms, units that go for under $1,000 [a month] while some of the largest will be several thousand.”

Boyer Co. owns the two midblock parcels of land where the high rise is proposed. A high-rise office tower originally was conceived for the site. But two to three years ago, Boyer staff started talking about a project jointly with Lofgren, the Commercial Real Estate Development Association’s Utah Developer of the Year for 2017