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Old Posted Apr 26, 2014, 2:12 AM
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SALT LAKE CITY | Liberty Sky (151 S. State) | FT | 21 FLOORS

Downtown Update - Liberty Sky - June through September

“We’re excited to see residential on State Street, which is a fairly new addition to the ecosystem,” said Christian Harrison, the Downtown Community Council chairman.
“It is a good sign that State Street is turning a corner. We do hope it spurs more development farther south along State Street.”

“Offices are daytime [operations] and don’t create vibrancy or activity in the evenings. In downtown, they create dead zones,” Planning Director Norris added. “Apartments put eyes on
public spaces basically all day long. Those residents tend to go out at night and walk around the neighborhood. It enlivens downtown.”



(Artist's rendition courtesy of Cowboy Properties) Cowboy Properties and Boyer Co. are looking to build a 24-story apartment building on the east side of State Street between
the Federal Building on 100 South and the Maverik headquarters building on 200 South. The $90 million project is being praised for its prospects of bringing more residents to downtown Salt Lake City.

The Salt Lake Tribune - By Mike Gorrell - Convinced that downtown living is increasingly desirable, real-estate developers Cowboy Properties and Boyer Co. are building a 24-story apartment building on State Street between 100 and 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.”...

...“As the downtown residential market has evolved, and as we massaged what we thought was the best option, this residential tower emerged,” Lofgren said. “Downtown Salt Lake City has become an amenity-rich environment.
It’s become a great neighborhood. The pieces that were missing 10 years ago — not that it was bad then — are now filled in.“

First and foremost: the Harmons City Creek market at 135 E. 100 South. “The grocery store makes it a neighborhood,” Lofgren said. “For many household configurations, the option of living downtown has become the
preferred option. These are households hoping to live without a car, households looking for the convenience of being close to work, households energized by all the activities downtown,
households attracted to this notion of a high-rise and the views and lifestyle it offers.”

At the projected rent levels, he sees these apartments appealing to people working at high-tech and financial-services companies, law firms and banks. Retirees also are likely renters, Lofgren added,
“drawn especially by the arts downtown — the symphony, the ballet, Eccles Theater. That’s a pretty full basket of offerings.”...

...Planning Director Norris said the shift from office tower to residential high-rise is “certainly consistent with our master plan policies, which try to increase the number of people living downtown.”



Tower 151 Accompanying Parking Garage and Site Prep

Following Photos By S.P.Hansen








Following Pic By ToysNoiz


Pic By ToysNoiz


Newly completed parking terrace, which will serve the tower. New Luxury apartment complex is being constructed on the opposite side of the parking terrace. New Tower will sit on State St., to the right side and in front of the Terrace.

Pic By AjuiO



Quote:
Originally Posted by Viperlord View Post

Salt Lake apartment market ‘fully occupied,’ report says
http://www.deseretnews.com/article/8...port-says.html
A report released last week shows that the average cost of renting an apartment climbed for the sixth consecutive year and vacancy rates are at the second lowest in 15 years. The costs are being driven by demand from young professionals who want to live closer to downtown in a more urban environment.


Also, a little update on 151 Tower....
I got the following response back today from someone who is currently working on the design work of the 151 tower.

"Boyer is optimistic that they will be able to launch their project soon. With leasing going well at 111, they are feeling more confident with the leasing market in the downtown. They have also been able to fill their 102 Tower project (former Questar building). So they are hungry for another project downtown."
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Last edited by delts145; Nov 6, 2020 at 3:02 PM.
     
     
  #2  
Old Posted Apr 26, 2014, 4:41 PM
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Downtown - Update, Liberty Sky Apartments -



(Artist's rendition courtesy of Cowboy Properties) Cowboy Properties and Boyer Co. are building a 24-story apartment building on the east side of State Street between the Federal Building on 100 South and the Maverik headquarters building on 200 South. The $90 million project is being praised for its prospects of bringing more residents to downtown Salt Lake City.


Quote:
Originally Posted by RC14 View Post
A building permit was issued for this project just over a week ago and a fence has gone up around the property.



Pics By RC14




Pics By ScottHarding



December 2019


Pic By Atlas



February 1, 2020


Pic By Scott Harding



March 2, 2020

Liberty Sky crane in background

Pic By Bob Rulz


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Last edited by delts145; Dec 17, 2021 at 4:26 PM.
     
     
  #3  
Old Posted May 1, 2014, 11:28 AM
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April 30th

Pic by Atlas

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Last edited by delts145; Nov 6, 2020 at 1:51 PM.
     
     
  #4  
Old Posted May 17, 2014, 1:28 PM
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Quote:
Originally Posted by gillynova View Post
Just backtracked all the way to page 300 on the Compilation Thread and wow, SLC is moving along with so many projects! I can't wait to see the new airport once it's all done.
As I mentioned before, my best friend lives there so it's cool to see how much this place is growing! My last visit was in Dec 2017 so I'm sure it's totally different now than before.

Cheers delts145!


Downtown Update - 95 So. State - Under Construction

Pictured, The new 95 S. State Mixed-Use, primarily office tower on the left. On the right, the new Liberty Sky residential tower.

https://i.redd.it/8frevmuolex41.jpg

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Last edited by delts145; Nov 6, 2020 at 1:48 PM.
     
     
  #5  
Old Posted Jun 20, 2014, 1:04 PM
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Downtown Update - Liberty Sky - June 18th



(Artist's rendition courtesy of Cowboy Properties) Cowboy Properties and Boyer Co. are looking to build a 24-story apartment building on the east side of State Street between
the Federal Building on 100 South and the Maverik headquarters building on 200 South. The $90 million project is being praised for its prospects of bringing more residents to downtown Salt Lake City.



June 18th

Pic by Atlas

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Last edited by delts145; Nov 6, 2020 at 1:54 PM.
     
     
  #6  
Old Posted Jun 27, 2014, 11:27 AM
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June 29th

Pic By Luke Garrott @ BuildingSaltLake.com



This is a webcam shot of the site from June 30:


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Last edited by delts145; Nov 6, 2020 at 3:26 PM.
     
     
  #7  
Old Posted Jul 30, 2014, 1:19 PM
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July 28th


Photo By RC14


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Last edited by delts145; Nov 6, 2020 at 3:14 PM.
     
     
  #8  
Old Posted Aug 1, 2014, 7:58 AM
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August 5th

Construction Site on the right

Webcam: https://i.imgur.com/sggxgEY.jpg

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Last edited by delts145; Nov 6, 2020 at 2:40 PM.
     
     
  #9  
Old Posted Nov 16, 2014, 12:23 PM
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.................................

Last edited by delts145; Nov 6, 2020 at 2:19 PM.
     
     
  #10  
Old Posted Nov 16, 2014, 1:17 PM
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Great tower!
     
     
  #11  
Old Posted Nov 16, 2014, 5:16 PM
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First I've looked at this bldg. It is kinda weird to see a building get upsized during the approval process rather than downsized. It looks good
     
     
  #12  
Old Posted Jul 2, 2015, 1:13 PM
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Yeah, that was pleasant surprise to all the local forum. Everything is still looking great for a serious announcement in the near future for construction. All of the vacancy and occupancy rates are trending the right direction with the new construction and growth in the CBD.

There's currently a lot of activity on the same block. The plot opposite, on the same block, other side of the new mid-block parking terrace of the pending 151 tower is under development. They're building an upscale apartment complex. I'll post a few pics in the near future.

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Last edited by delts145; Nov 6, 2020 at 2:23 PM.
     
     
  #13  
Old Posted Jul 2, 2015, 2:54 PM
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Not bad.
     
     
  #14  
Old Posted Nov 15, 2015, 2:38 PM
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August 26th




95 State on the left and Liberty Sky rising on the right

Webcam

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Last edited by delts145; Nov 6, 2020 at 2:53 PM.
     
     
  #15  
Old Posted Nov 18, 2015, 5:29 PM
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August 28th

Liberty Sky is on the 7th floor, 17+ more to go.

Pic By Atlas

Last edited by delts145; Nov 6, 2020 at 2:57 PM.
     
     
  #16  
Old Posted Nov 20, 2015, 1:18 AM
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September 12th


Pic By Scott Harding

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Last edited by delts145; Nov 6, 2020 at 2:59 PM.
     
     
  #17  
Old Posted Jan 28, 2016, 12:08 PM
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Quote:
Originally Posted by Viperlord View Post

A few bits of information:



2015 Salt Lake County Office Market report:

http://www.comre.com/uploads/reports...kpq4taa993.pdf

from the report:
"Although the suburbs have accounted for a majority of new
construction, the Central Business District (CBD) saw steel reach
to all 24 floors of the 111 Main building. The 440,452 sf building is
estimated to be complete in the fourth quarter of 2016. The
building is currently 42% pre-leased with significant activity that
ownership believes will lead to the building being almost
completely pre-leased when delivered."




Also, in late December I heard back from one of the people involved on the design team for the Boyer 151 tower......

from the design team member:
"Boyer has had success in leasing their other two buildings in the Downtown this year so they are hopeful to get going in 2016 with the new tower. It would be good timing for us."



Also, my company has been contacted by an out of state investment firm from California, that will be entering the Utah market for the first time. They plan to purchase an existing large apartment complex downtown (200-300 units). It will be an all cash offer to purchase the apartment complex. The seller has accepted their offer on the property. We will be assisting them with their due diligence & title process on the apartment complex property.
.............................

Last edited by delts145; Jan 28, 2016 at 12:19 PM.
     
     
  #18  
Old Posted Jun 27, 2016, 12:31 PM
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Pre-leasing begins



Quote:
Originally Posted by Future Mayor View Post
In relation to the 151 sign, I will confirm that the banner is new. I am thrilled that it is advertising and I am thrilled that 111 is 80% leased, before even opening. If the demand continues we will have another tower, starting construction before 151 opens it's doors.

Due to the growth that Goldman has shown here, I honestly expect another financial services company to expand their local presence or expand to the market and to locate downtown. If the financial serviced industry does continue to grow in Salt Lake City, that growth will also include Zions. If another major company enters downtown with a strong presence I wouldn't be surprised to see Zions build their new headquarters soon after. That would finally fill in that missing tooth on Main and 100 S.

If this growth rate continues, developers may be able to speculate on taller buildings, if they are able to pre-lease more initially that could push the height of our next tower a little taller. I wouldn't be surprised if the City Creek Tower, adjacent to Harmons, is the next tower after 151. The site is ready and it is already planned for a tower.

I'm very optimistic about Salt Lake City's growth, and baring another major economic downturn I expect that we won't go more than a couple of months, between tower cranes building office buildings over the next 10-15 years.
Quote:
Originally Posted by Merewether View Post
Think there was speculation a while back about Boyer looking for tenants but I think this sign on State St. is new. (If it is not, just enjoy the side view of the new Maverik store.)


[IMG]http://[url=https://flic.kr/p/JiXY6v][/url]image by MerewetherDB, on Flickr[/IMG]


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Last edited by delts145; Jun 27, 2016 at 12:45 PM.
     
     
  #19  
Old Posted Oct 5, 2016, 9:52 AM
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September 20th


Photo By Highrise_Mike




September 25th

Quote:
Originally Posted by msbutah View Post
Liberty Sky appears to be getting first residential floor glass today...

Photo By MSBUtah


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Last edited by delts145; Nov 6, 2020 at 3:05 PM.
     
     
  #20  
Old Posted Jul 19, 2018, 12:14 AM
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Now proposed as residential.

*Feb 13th, 2018

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

Quote:
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
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