SALT LAKE CITY | Development Thread

[delts145]

Salt Lake City & MSA/CSA Rundown







Ground broken for Salt Lake City convention hotel


Construction Has Begun On Salt Lake City's New Hyatt Regency Convention Center Hotel


Construction on the hotel started Jan. 13 and the grand opening is scheduled for October 2022.

Visit Salt Lake Visitors Center representative Jodi Reese looks at a model of the Hyatt Regency Salt Lake City in the Salt Palace Convention Center on Friday, Jan. 10, 2020. Construction on the hotel is scheduled to start Jan. 13 and the grand opening is scheduled for October 2022. Ivy Ceballo, Deseret News

Jason Lee for the Deseret News...Salt Lake County officials, in conjunction with Atlanta-based real estate developer Portman Holdings, broke ground Friday on the building, which the Hyatt Hotels Corp. will manage and operate as the new Hyatt Regency Salt Lake City. The new hotel will be located at the corner of 200 South and West Temple in downtown Salt Lake City, adjacent to the Salt Palace Convention Center.

Scheduled to open in October 2022, the $377-million project will be partially financed through the Commercial Property Assessed Clean Energy program, which allows for specialty financing to enable green energy design and implementation, a news release stated. The 700-plus room hotel will be among the first “ground-up” developments to utilize the program in the Beehive State...

...“It gives us another layer of sophistication when it comes to attracting bigger and better shows to the state of Utah that helps the entire area. Utah’s going to take a better step in terms of prominence on the national stage because of a facility like this,” he said. “People that hadn’t considered the state before are now going to say, ‘I need to look at Utah, I need to be in Utah for these conventions.’ That’s what kind of prominence this new center is going to give us.”

The 686,784-square-foot, 26-story hotel will include 700 guest rooms and 60,000 square feet of meeting space, as well as two separate restaurants on the first and sixth floors and a lobby bar. The sixth-floor restaurant will sit adjacent to an outdoor area with a swimming pool, as well as a 7,500-square-foot outdoor terrace for events and other activities.

The project will be directly connected to the Salt Palace Convention Center to provide convenience for convention attendees, Baisiwala said...

...“This hotel is built directly into the convention center, which makes it exceptionally easy for the convention attendees to go in and out from their hotel rooms into the convention center,” he said. “Perhaps more importantly, it has a lot of suites — big rooms where VIPs can be housed. And it also has a lot of meeting space which augments the number of meeting rooms of the Salt Palace.”

Construction begins in early January 2020 with a groundbreaking event scheduled for Friday, January 10, 2020 at 12PM MST.

Originally Posted by Pencil

2020 will be the year of the tower crane for SLC

https://i.imgur.com/LkXEEug.jpg




Salt Lake City's Salt Palace Convention Center. Convention Center Hotel to rise at the far south end pictured here.

https://www.monaco-saltlakecity.com/...r-c3205e56.jpg


Circular Plaza at bottom, current appearance of plaza that will soon become the development zone of the new Convention Center Hotel

https://static1.squarespace.com/stat...55/SLC+library

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[delts145]

Originally Posted by Pencil

Here's some other pictures of the CCH 3D model that I found

https://i.imgur.com/EI3ACRq.jpg

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[delts145]

Downtown - Update, Liberty Sky Apartments - Under Construction

(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.

Originally Posted by Makid

January 13th - They are adding the base to the support framework. Once the supporting rebar is completed, they will pour concrete to fill in the box.
We are probably a good 7 to 10 days out before the crane fully rises at least from what I can see from the webcam.

Originally Posted by meman

January 8th - Concrete footings are being poured today at the Liberty Sky site...

Originally Posted by meman

December 23rd - LIBERTY SKY - The tower crane is onsite at the Liberty Sky Site.

November 9th





Pics By ScottHarding



December 17, 2019


Pic By Atlas



A snowy morning on January 13th

Pic By Msbutah

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[delts145]

Update - Downtown Adj. - New Salt Lake City International Airport Project Becomes A $4.1 Billion Dollar Project.

By Lee Davidson - The Salt Lake Tribune - https://www.sltrib.com/news/politics...alt-lake-city/

The price tag on the new Salt Lake City International Airport has flown upward by another half-billion dollars and now stands at $4.1 billion.

The Airport Advisory Board discussed reasons behind that on Wednesday, as it also received an update on a new master plan that is looking at long-term needs — even after the new airport is completed.

Officials said the increase comes largely from facilities that have been added or expanded to handle extra growth that has occurred since the new airport was initially planned. That includes such things as a vastly expanded Sky Club requested by Delta Air Lines, bigger areas for customs to handle more international flights and higher tech equipment to speed security screening.
These improvements have been talked about for more than a year as they were incorporated into designs. But their combined budget impact had not been talked about widely.

Construction continues on the new Salt Lake City International Airport. Steve Griffin, Deseret News

Bill Wyatt, executive director of the airport, said because of responsibility to bondholders on the project, the increase was first discussed with bond-rating companies in October — prior to the regularly scheduled issuance of bonds for the project.

The Airport Advisory Board was then told, and he said the Salt Lake City Council later approved the increases.

The higher costs will be covered by user fees paid by airlines and their passengers — not through local taxes — and will include some facilities requested by the airlines.

The airport was designed to handle about 10 million passengers a year, but now serves about 26 million annually. The new airport — with a new terminal, two concourses, garage and other facilities —
is being built alongside existing facilities without interrupting operations. Its first phase is scheduled to open in September.

At groundbreaking, the first phase was expected to cost $1.8 billion. Other work was added for a second phase that is also underway and includes a long-planned second concourse...The extra additions now bring it up to $4.1 billion.

Also, planners already are looking at long-term needs after the new airport is completed. Those include lengthening one of its major runways to handle larger aircraft expected to fly nonstop to Asia; reworking alignment of taxiways and runways to prevent more delays as operations expand; and obtaining and preserving more land for another runway.

“We’re pretty much concluding the work of the last master plan” by building the new airport, Wyatt said.

Steve Domino, senior planner for RS&H, the consultant working on the master plan for the next 20 years, outlined some of the increases in demand and the problems they may create. For example, in 2017 the airport served 23 million passengers a year. That is now up to 26 million a year. In 20 years, that number is expected to hit 38 million, ...probably more.

In 2017, the airport had 325,000 takeoffs and landings. In 20 years, that is expected to increase to 435,000-plus, Domino said.

The share of passengers making connections at the airport Is expected to grow from 39% to 47% as Delta is expected to increase its hub operations.

Even with a new airport that is designed to handle far more passengers, “As demand increases, the potential for delay increases as well,” Domino said. He adds the master plan has tried to identify probable demand increases and address potential problems and bottlenecks.

It found one with current designs that often requires aircraft to cut across active runways to reach other runways. With more takeoffs and landings, that may create delays. So planners are adding some “end run” taxiways that cut around the end of runways instead of across them. One proposal would go through a closed airport golf course that some have hoped to reopen.

Also, Delta Air Lines has talked openly about adding nonstop flights from Salt Lake City to a hub in South Korea after the new airport opens. But Domino said research shows that current runways are too short for the largest aircraft that officials likely would hope to use for such flights. The optimal length, he said, would be 14,500 feet long (2.75 miles) — which may require an extension of several thousand feet, depending on which of the three main runways may be expanded.

Also, the major runways now are not exactly parallel — meaning glide paths to or away from them sometimes intersect in ways such that operations on one runway can delay flights on another.

Domino said the master plan is looking at how, when and whether to realign those runways to make their operations more independent to avoid or reduce delays.

The airport also is looking at where it may want to buy or preserve land for future facilities. Domino said more may be needed to the north, south and west... — Domino said it may be wise for the airport to protect an area to the west of the airport for that.

“The airport will always be here,” he said. “We need to plan not only for the next 20 years, but beyond,” including allowing that possible runway...

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[plutonicpanda]

Drove through a couple weeks ago and holy crap!!!! SLC Metro is on fire.

Is the proposed, new ski resort coming along?

On a side note I saw they are looking for solutions to Cottonwood Canyon traffic. I am opposed to tolling but a Gondola would be cool. I am unfamiliar with Gondola technology but if that option is chosen, I hope there is a way to move them faster than the ones I've been on. Elevated transit lines would be cool but ruin the landscape, IMO.

[delts145]

Hello Plutonic Panda, Thanks for dropping in. Were you on a ski trip, or just a drive through? Here is the most recent results in an article regarding the challenges of the ever increasing traffic issues in the Canyons of Metro Salt Lake. This study by the Utah Department of Transportation was conducted just recently. They are definitely going to have to come up with some solutions in the near future as the metro is adding so many people so quickly. Salt Lake's spectacular canyons must not become a victim of their popularity. Utah National Parks and stunning scenery in general is being challenged because of its increasing popularity.

As far as the Metro Canyons go I predict there will be a wide-ranging variety of solutions. I think primarily mass transit will be required for many in the form of clean burning or advanced tech electric buses. Here's a link to that article regarding the study...https://www.sltrib.com/news/environm...lines-traffic/

[plutonicpanda]

Hi! I agree with you more alternatives are needed. I was just driving through this time.

I am noticing the increases of tourist in Moab. It is bitter sweet for me because Moab is my dream town and I love showing it to people. I subscribe to the belief knowledge is wealth that should always be spread and I always encourage people to explore the great outdoors. It is also kind of sucks to see so many people in Arches. hmmmmm

[delts145]

Downtown Update - Iconic Square To Receive Major Renovations - Demolitions Begin

Demolition Photos and yesterdays updates continued in next post

https://www.mormonnewsroom.org/artic...ple-renovation

Current Temple Square setup. Note in upcoming plans how the structures fronting the Temple at the north and south will be demolished and replaced in different positions in their relationship to the Temple itself. The more modern structures that now front the Temple on both sides will be removed and new structures with a more historic vibe will be constructed to the sides of the Temple. This will open up the iconic structures approach. Landscaping and water features will also be redeveloped, again affording the historic Temple improved site lines. Also, a significant part of the redevelopment will be subterranean structures and seismic upgrades.

https://2486634c787a971a3554-d983ce5...a107d70264.jpg

Church President Russell M. Nelson announced the pioneer-era temple will close December 29, 2019, and will remain closed for approximately four years while undergoing a major structural and seismic renovation. The temple is expected to reopen in 2024 with a public open house.

“This project will enhance, refresh, and beautify the temple and its surrounding grounds,” said President Nelson. “Obsolete systems within the building will be replaced. Safety and seismic concerns will be addressed. Accessibility will be enhanced so that members with limited mobility can be better accommodated.”

The surrounding area on Temple Square and the plaza near the Church Office Building will also be affected as existing buildings are demolished and the area undergoes renovation and restoration. The existing annex and temple addition on the north side, which were built in the 1960s to add needed support facilities and more sealing (marriage) rooms, will be demolished and rebuilt.

What will visits to Temple Square be like during renovation? We now know

Tad Walch - December 4th - Deseret News - https://www.deseret.com/2019/12/4/20...-temple-square

SALT LAKE CITY — When the Salt Lake Temple closes for a major, four-year renovation on Dec. 29, Temple Square won’t.

In fact, Temple Square will remain open 365 days a year and is expected to attract more visitors than ever before as the curious flock to watch the construction and see a new film and exhibits at the Conference Center across the street, officials for The Church of Jesus Christ of Latter-day Saints said Wednesday.

The church also released four new renderings on Wednesday of what the temple renovation will look like when it’s done in 2024, but officials focused on the Temple Square visitor experience during a round of interviews with a large media contingent in the square’s South Visitors’ Center.

An artistic rendering of the renovated Creation Room in the Salt Lake Temple. Intellectual Reserve, Inc.


An artistic rendering of the renovated Lower Grand Hall in the Salt Lake Temple. Intellectual Reserve, Inc.


An artistic rendering of the renovated World Room in the Salt Lake Temple. Intellectual Reserve, Inc.


An artistic rendering of the renovated Garden Room in the Salt Lake Temple. Intellectual Reserve, Inc.

They said the Conference Center will be the hub of vibrant, new activity in a new role as a welcome and visitors center.

“It will be unique and engaging and a once-in-a-lifetime opportunity,” said Tanner Kay, the Temple Square guest experience manager. “The most exciting thing to experience will be to view the temple renovation itself from the vantage point of the balcony and the roof of the Conference Center. You’ll be able to see over all the construction fences right down into the full excavation of the temple.”

Some 5 million people visit Temple Square each year, making it one of Utah’s biggest tourist attractions. The tourist buses that bring many of those visitors to the area now will arrive on the West Temple Street side of the Conference Center block.

They will find a new, 17-minute film about the original construction of the temple and its renovation. In new exhibits in the Conference Center lobbies, they will be able to touch some of the artifacts removed from the temple for the renovation and view some of the temple’s artwork.


“We’ll invite tourists to step right off their buses and off the curb and right into the Conference Center theater to view the orientation film as the way to start their visit,” Kay said. “That’s new. We’ve never had an orientation film on Temple Square before, so we are going to invite all the groups to view the film to start their visit. But guests can choose their own adventure on Temple Square.”

The artifacts and artwork in the exhibits will change and rotate throughout the four-year renovation. Also, the cutaway model of the temple will be relocated from the South Visitors’ Center to the Conference Center balcony lobby, which also will be home to a new statue of Jesus Christ.

A new audio/visual experience will help visitors to the Conference Center auditorium, which seats 21,000 people and features an organ with 7,708 pipes, feel what it’s like to attend...concerts by the Tabernacle Choir at Temple Square...

...Construction viewing areas will be available around the square, too.

“There will be multiple vistas to see what work is going on,” he said. “People will be able to see the deep excavation and the footings and foundations of the temple.”

Roberts is excited to show off the construction site with the Conference Center as a welcome and visitors center.

“It’s going to be absolutely spectacular,” he said. “You’ll have the opportunity to come down, enjoy the temple construction site, walk over and see the foundation of the temple while we’re working on it. No one’s ever had the chance to see that. To construction guys, that’s pretty exciting.”

The remodel has two main purposes.

“First of all, seismic stability in the temple concerns the First Presidency and the Brethren long term. We want to make sure that is protected and it will last,” Roberts said. “Secondly, mechanical, electrical and plumbing is 56 to 65 years old. It needs to be replaced. It needs to be updated.”

The reason the foundation and footings will be exposed is because the major part of the renovation is placing the massive, granite temple — the largest Latter-day Saint temple in the world — on a base isolation system.

“What we’re doing is separating the temple, the foundation, from the earth itself with a mobile, moving base isolation system,” Roberts said. “So we’ve got to go all the way down there. We’re going to save the old footings because they are historic. ... We will brace the temple up on the base isolators and separate it from the ground, in essence ... to allow the temple to float and move during a seismic event at a slower rate to preserve it from damage.”

Roberts said church leaders have been considering the base isolator seismic upgrade for nearly 20 years.

“We now think we have the most up-to-date, proven technology,” he said.

The renderings released Wednesday unveiled another driver in the renovation project — history.

Emily Utt, a church historian, has been working since 2011 on the Salt Lake Temple’s history. She is part of a committee that is working to use the renovation as an opportunity to return the temple closer to its original state.

She has studied hundreds of architectural drawings, layers of paint, the insides of walls, the murals and more.

“We want this building to be safe and functional for the next 100 years, but we also want this building to be beautiful for the next 100 years,” she said. “And because this building is so iconic and so important to the church, we want to honor those who did the original construction. Preserving the building is the very best way we can make this building safe and honor those who came before.

“We hope at the end of this project that if original craftsmen walked through, they would recognize it as their building and say, ‘Oh, I painted that’ or ‘Oh, I put that millwork in.’”

https://i.pinimg.com/originals/0e/75...49a5b76902.jpg

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[delts145]

Downtown Update - Crews demolish Temple Square visitors center and wall to prepare for Salt Lake Temple renovation

By Tad Walch for the Deseret News - https://www.deseret.com/faith/2020/1...-temple-square

Current Temple Square setup. Note in upcoming plans how the structures fronting the Temple at the north and south will be demolished and replaced in different positions in their relationship to the Temple itself. The more modern structures that now front the Temple on both sides will be removed and new structures with a more historic vibe will be constructed to the sides of the Temple. This will open up the iconic structures approach. Landscaping and water features will also be redeveloped, again affording the historic Temple improved site lines. Also, a significant part of the redevelopment will be subterranean structures and seismic upgrades.

https://2486634c787a971a3554-d983ce5...a107d70264.jpg

SALT LAKE CITY — The heavy-duty dig bucket on a CAT excavation tractor began knocking down the South Visitors’ Center on Temple Square on Friday as crews prepared the area for the gargantuan renovation project on the landmark Salt Lake Temple.

Construction crews also demolished parts of the south wall surrounding Temple Square to give them better access during the project.

They also have removed trees and statues, ...which are being placed in storage along with temple furnishings.

Some trees and vegetation are being recycled. Others are being preserved and will be restored when the project is completed in 2024.

“We are working to carefully preserve some of the trees, transplant them and then replant them at the end of the project,” said Andy Kirby, director of historic temple renovations, in a news release issued Friday. “We will also plant additional trees when we finish the renovation, so there will be more trees on Temple Square than there were when this project began.”


A tall, 70-year-old Cedar of Lebanon tree is being preserved.

“It’s a special tree,” Kirby said. “It’s beautiful, beloved by many, so we’ll go through great efforts to preserve this tree as we excavate around it.”...

While the temple is closed, Temple Square remains open. Visitors are encouraged to come and watch the work, which soon will include the start of the excavation project to install a base isolation system under the temple for seismic stability.

On Jan. 1, the Conference Center across the street began to serve as a visitors center, a role it will have throughout the renovation. Visitors are encouraged to stop in for new exhibits, a new film about the temple and the renovation, and to look down into the construction site from the Conference Center roof.

Using the above photo as a reference for current demolition activity. Looking at the photo above you will note that demolition is now occurring to the left of the Temple structure

Following Photos provided Friday, Jan. 17, 2020, show crews working on the reconstruction of Temple Square. The Church of Jesus Christ of Latter-day Saints

[delts145]

Central Metro/East - New Park City Developments - Construction Site Updates

Goldener Hirsch Residences - Construction, February 2019 - January 2020

The new Residences at Goldener Hirsch is an Expansion of the Goldener Hirsch Inn that includes 40 new contemporary residences featuring modern architecture blended with sophisticated design. Residences range from studios to four bedroom floor plans and many of the residences include lock-offs. Sizes range from approx. 570 - 3,270 square feet and are offered fully furnished & impeccably appointed. Located in the center of Silver Lake Village on the last remaining parcel the new residences will connect to the iconic Inn via a Bridge Plaza over Sterling Court.

Amenities and services include a front lobby with check-in, valet & concierge, lobby lounge & courtyard patio with fire pits, rooftop pool & hot tub with stunning views, fitness center and spa treatment rooms, ski-prep locker room, après-ski lounge & konditorei, Goldener Hirsch Restaurant, conference center with outdoor patio and two levels of underground parking.

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February 2019



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September 2019



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October Construction Site Updates - http://thegoldenerhirsch.com/2019/11...november-2019/

The changing leaves of fall have been stunning this year, and we have already experienced snow in the higher elevations. As construction continues at Goldener Hirsch, we have enjoyed seeing some of Olson Kundig’s architectural details come to life. Truly, this building will be a work of art.

The exterior siding is nearly complete, and finish details for the exterior are coming together, and the Bridge Plaza arrives and installs in the next few weeks. Inside, the common areas are moving along through drywall, and soon we’ll begin to see the finish materials. Most of the residences are through drywall, and we are starting to see tile, cabinetry, flooring, and other interior finish details. Over the next couple of months or possibly weeks, we should have more fun and exciting imagery to share.

November Construction Site Updates

We have already received quite a lot of early snow in late October, and more snow and cold weather now in late November. Park City Mountain Resort has just opened, and Deer Valley is blowing snow and getting ready for their opening date of Saturday, December 7th. At the Goldener Hirsch, the Inn and Restaurant will open on the 14th, along with our Sotheby’s Sales Office for the upcoming Residences at Goldener Hirsch.

The construction is moving along well, and the siding is nearly complete. The Level Six Sky Bridge now has glass installed and is just beautiful to walk across – what a stylistic and fun detail to this amazing architecture! Speaking of bridges, the steel span beams for the Bridge Plaza were just installed on Saturday. This is yet another unique feature that connects the new Residences to the Inn.

On the Interior of the building, common areas are finishing with drywall, and Residences are seeing wood floors, cabinets, base/case trim, and even a couple fireplace mantles.

Following Photos @ http://thegoldenerhirsch.com/2019/11...november-2019/








Fireplace Mantle




Construction Update, January 2020

The ski season is well underway at Deer Valley® Resort, and so far, 2020 looks to be keeping up with 2019, one of our best snow years ever. We received over three feet of snow this last week, and more is currently on its way.

At Goldener Hirsch, the building is now fully dried in, and the heat is on, making site tours much more comfortable to conduct. With most of the work now happening on the interior, the substantial amounts of snowfall are not affecting construction as much. Drywall is mostly complete in all units and common areas. Residences are seeing wood floors, cabinets, base/case trim, fireplace mantles, and final painting. We also just started to receive the first few countertops for kitchens and baths.

On the exterior, steel detailing for windows and building corners is being completed, along with the beautiful vertical wood siding. Most of the siding is up, and the scaffolding will come down next week. The bridge plaza’s enclosed walkway will see window installation next week. The unique stylistic details of Tom Kundig’s modern design is taking shape, ensuring that Goldener Hirsch will be a stand-out property in Silver Lake Village.

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New Renderings - Interior Details

Front Entry

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View of the "Music Box"

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View from Entry

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Detail Seating

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Goldener Hirsch Inn Awarded Best Boutique Hotel for Second Consecutive Year


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The Goldener Hirsch Inn remains among the most distinguished ski properties in the world. For the fourth time in seven years, this being the second consecutive year, the Inn was voted the United States’ Best Ski Boutique Hotel by the World Ski Awards. The accomplishment was announced at the 7th Annual World Ski Awards Gala Ceremony in Kitzbühel, Austria, on November 23, 2019.

“What an incredible honor to once again be recognized as the nation’s best ski boutique hotel,” said Tyler Mugford, Goldener Hirsh Inn general manager. “We want to extend our gratitude to all those who voted in this year’s competition, as well as our dedicated staff who have an immeasurable dedication for serving our guests.”

The competition continues to see a rising number of votes year after year from leading ski tourism professionals and hundreds of thousands of ski consumers internationally. Out of seven U.S. boutique hotel finalists, Goldener Hirsch Inn earned the top honor in this category for the second consecutive year and for the fourth time since the awards began in 2013 (2013, 2015, 2018, 2019).

World Ski Awards is the sister organization of World Travel Awards™. For more information on the World Ski Awards, please visit worldskiawards.com.

For information on the new Residences at Goldener Hirsch, please contact our Summit Sotheby’s sales team:
Patti Wells 435.901.4300 or Sean Matyja 435.901.2158

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[delts145]

Downtown Update - Gateway Center/Union Pacific Luxury Hotel

HATTERAS SKY LAUNCHES OPPORTUNITY ZONE FUND FOR ADAPTIVE REUSE OF SALT LAKE CITY’S HISTORIC UNION PACIFIC TRAIN DEPOT

January 10, 2020 - https://www.utahbusiness.com/hattera...redevelopment/

Salt Lake City— Real estate development firm Hatteras Sky has launched an Opportunity Zone Fund targeting a hotel development in downtown Salt Lake City, Utah featuring the newest US addition to Autograph Collection Hotels, a part of Marriott International. Hatteras Sky is co-developing the hotel with The Athens Group, a Phoenix, Ariz. based real estate development company specializing in the development of luxury resorts and hotels, upscale resort communities, golf courses, and hotel-serviced residential and recreational properties. The proposed development will be housed in the converted Union Pacific Depot railroad station and a new eight-story guestroom structure featuring 225 guestrooms, 10,000 square feet of restaurant and retail space, 8,000 square feet of meeting and function space, and complimented by The Depot by Live Nation, an existing 17,000 square foot live music venue.

Originally constructed in 1909, the historic Union Pacific railroad station is regarded as one of the most outstanding architectural structures in Utah. The historic station features irreplaceable French Second Empire architecture, original stained glass windows and original oil on canvas murals: “Driving The Golden Spike” commemorating the completion of the Transcontinental Railroad at Promontory Summit depicting the driving of the Golden Spike at Promontory Summit, and “This is the Place” portraying Brigham Young making his famous exclamation upon first seeing the Great Salt Lake Valley. Located in The Gateway, a one million square foot mixed-use commercial business, retail, residential, dining and entertainment center, the site sits directly across the street from Vivint Smart Home Arena, the TRAX Blue and Green light rail stops and is within walking distance of the Salt Palace Convention Center.

“We are excited to partner with The Athens Group on this project. Salt Lake has exhibited great economic development in recent years, placing it as one of the top cities in the country for employment and population growth.” says Oz Friedmann, Managing Director of Development for Hatteras Sky. “This project will be a marquis asset for the community.”

Thirteen specialty guestrooms, food and beverage outlets, retail and meeting space will be crafted inside of the historic railroad station, with the remainder of the hotel constructed in the eight-story building situated directly behind it. Hotel guests will have immediate access to all dining, entertainment and business venues located adjacent to the hotel. The development aims to capture the region’s growing hospitality market given the project’s location in downtown Salt Lake City and within The Gateway.

Hatteras Sky’s Union Station Opportunity Zone Fund is available to investors who qualify as “accredited investors” and offers opportunity zone tax benefits, including a deferral of capital gains tax until 2026, a discount on that tax, and the elimination of all tax on appreciation earned by the fund. The opportunity zone incentive was created in the Tax Cuts & Jobs Act of 2017. Additional terms and conditions of the investment offering are set forth in the offering’s prospectus.

“We aim to give investors a straightforward investment opportunity that avoids the complexity that pundits focus on when discussing the opportunity zone incentive,” says Jason Cordon, co-founder and CEO of Hatteras Sky. “This is a single asset fund and
we anticipate starting construction in summer 2020, so a lot of the timing and ‘deployment’ issues in the law are not really present.”

Hatteras Sky has also teamed with law firm Morris, Manning & Martin, LLP and accounting firm CliftonLarsonAllen, LLP, both leaders in the opportunity zone space. The investment is being offered through Cabot Lodge Securities.

Investors can request more information about the investment offering and Union Station project **here**.

ABOUT HATTERAS SKY

Hatteras Sky is a commercial real estate development company based in Atlanta, Georgia that was founded by Jason Cordon and Amy Kelly. The group specializes in tax-incentivized and conventional development, focusing on opportunity zones, affordable housing, and historic rehabilitation. For more information about the firm and its team, please visit the Hatteras Sky website.

ABOUT THE ATHENS GROUP

The Athens Group is a full-service real estate development company specializing in the development of environmentally conscious upscale resort communities, luxury resort and urban hotels, golf courses and related residential and recreational properties. The firm was founded in 1988 by Kim Richards. For more information about the firm and its team, please visit The Athens Group website.

Aerial of a portion of the northern segment of the Gateway Center. Pictured, the historic Union Pacific Depot, behind which a planned Luxury Hotel will be constructed.
Gateway is currently undergoing a major redevelopment costing in the hundreds of millions. This ongoing makeover will advance Gateway in a direction that is much more on trend in serving Downtown Salt Lake City's rapidly expanding core.

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Downtown Update - The Gateway Reboot

Here's how a new refinancing will affect The Gateway's reboot - Dennis Romboy, Deseret News - https://www.deseretnews.com/article/...financing.html

...SALT LAKE CITY — The Arizona-based owner of The Gateway has refinanced its makeover of the one-time retail and entertainment hub to pay off debt and fund future improvements.

Holliday Fenoglio Fowler announced Thursday that it has arranged a $96.9 million refinancing of the 651,778-square-foot, mixed-use, upscale retail, office and entertainment complex in one of the fastest-growing areas of the central business district...

..."We ended up purchasing the note from the former owner and it really didn't provide capital for going forward," said Ed Reading, Vestar executive vice president of finance.

Reading said the project was well received in the lending community, and Vestar found a lender willing to provide enough money to not only knock out existing debt, but pay for improvements in the future. The funds could cover such things as retrofitting space for a tenant, he said...

...Capital improvements to The Gateway buildings, common areas and parking garage are finished, he said.

"What's left is really the finalization of signing tenant leases and putting those tenants into occupancy," Reading said. "From a timing perspective, the last piece of the puzzle will be the hotel."

Renderings of an eight-story hotel being built in The Gateway Center around the west face of the historic Union Pacific Depot. - https://media.deseretdigital.com/fil...c=6&a=ba586585

[delts145]

Salt Lake City is closing popular Artesian Well Park for major renovations

https://lh5.googleusercontent.com/p/...Byfe2sBeskl5Td

By Tony Semerad, The Salt Lake Tribune - https://www.sltrib.com/news/2019/12/...ty-is-closing/

A small Salt Lake City park popular for its artesian well water is being temporarily closed.

Construction barriers now surround Artesian Well Park, at 808 S. 500 East, and work has started to improve the look of the 0.10-acre green space, strip away some of the brick, and improve access to the well’s waters.

“That whole corner is basically going to change,” said project manager Nancy Monteith, with the city’s Public Services Department.

https://www.arcgis.com/sharing/rest/...68.jpeg?w=1600

The Central City neighborhood park has attracted people for over a century as a natural spring-fed source of drinking water. Historical records suggest early settlers replenished their oxen there while carrying granite cut from Little Cottonwood Canyon for construction of the Salt Lake Temple.

The $355,000 renovation project — developed by the city working with members of the Central City Community Council — will also add seating and other features to make the park more of a community hub, Monteith said.
The city expects work to be completed by March or April, depending on weather conditions, she said.

A 2017 survey about usage of the park drew responses from 220 area residents, with nearly 80% of them saying they lived outside the site’s 84102 ZIP code. Nearly a quarter of respondents said they have been visiting the park for more than 10 years.

“So here's this teeny little park with this incredible regional draw,” Monteith said. “And these are people coming to collect water.”

According to Luke Garrott, a former Salt Lake City councilman who lived near the artesian well for nearly 15 years, the park’s design flaws made it “really dysfunctional as a public place, except for the well, which brings hundreds and thousands of people every month.”

“So it needed to function in both ways,” Garrott said.

https://www.sltrib.com/resizer/8ab98...J4JHMU4FTE.png

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[delts145]

Downtown - Salt Lake City approves $3.3 million loan for new condo project near Pioneer Park

Tony Semerad, The Salt Lake Tribune -
https://www.sltrib.com/news/2019/09/...city-approves/

Salt Lake City has agreed to loan $3.3 million to a Centerville-based developer to help build new condominiums just northwest of Pioneer Park.

The five-story project at 378 W. 300 South, dubbed TheOlive, would include 120 condos with one-bedroom, two-bedroom and penthouse units selling for between $270,000 and $500,000, according to city documents.

C.W. Urban expects to break ground in November at the 0.69-acre corner lot, currently occupied by Salt Lake Design Center with five commercial tenants.

https://www.sltrib.com/resizer/2HRZU...ANRU2VRSVA.png

The total project cost would be just under $33 million, with the loan from the city’s Redevelopment Agency covering one-tenth of that total — offered, city officials said, at a lowered interest rate. It was approved Tuesday by the Salt Lake City Council, its role as the city Redevelopment Agency’s governing board.

Danny Walz, the RDA’s chief operating officer, said the loan did not come with requirements that the developer include affordable housing, but instead furthered the city’s goals of promoting homeownership.

The city also hopes to limit the share of dwellings in TheOlive that could be owned by investors so that most are owner-occupied.

“I’m excited for homeownership in our downtown and our city,” said RDA Board Chairwoman Amy Fowler, who added that the project would help further stabilize the neighborhood and “create a space for everybody.”

City documents indicate the financing is being offered to close a gap for the developer, due in part to reluctance by lenders to provide construction loans for condominium projects without high interest costs.

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[delts145]

Central Metro - The Summitt at the Cairns

Construction Beginning 2020
- Interstate 15 visibility
- 350,000 sf Class A Office
- 250 room High End Hotel
- Roof Top Restaurant
- 250 Multi-Family Units

https://www.raddondevelopment.com/

[delts145]

Downtown Construction Boom Continues

Originally Posted by Makid

It will be great to see the cranes throughout the city.

The projects listed don't include the Moda Luxe, 650 Main, 651 Main, Regent Hotel (whatever the new project will be) and the APS Hotel.

Salt Lake City braces for traffic problems as five skyscrapers rise amid a wave of downtown construction - https://www.sltrib.com/news/2020/01/...RpXYZ0pNhFVItM

Quote:If you drive in the heart of Salt Lake City, the downtown building boom is about to get very real.

Denizens of Utah’s capital face the combined traffic impacts of at least six huge construction projects expected to get underway simultaneously in 2020 — five skyscrapers along a six-block stretch of State Street and 200 South and the once-in-a-lifetime renovation of the Salt Lake Temple on Temple Square.

Work on those new and refreshed landmarks on the city’s skyline will rise at the same time that dozens of smaller apartment complexes and commercial buildings are going up across the wider downtown area.

City crews, meanwhile, will also embark on several major street repairs as part of a $87 million road reconstruction bond approved in November — including upgrades to 200 South from downtown eastward to the University of Utah.

“Fourteen cranes over the city on six different projects,” said Dee Brewer, executive director of the Downtown Alliance, an arm of the Salt Lake Chamber. “There are lots of moving parts here."


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[shakman]

Location of some of the new towers relative to the skyline:

https://www.sltrib.com/news/2019/08/...rises-midsize/

[Schmoe]

Originally Posted by shakman

Location of some of the new towers relative to the skyline:

https://www.sltrib.com/news/2019/08/...rises-midsize/

Looks nice! And it doesn't even include Kensington Tower.

[delts145]

Fun Pic. Yeah, those highlighted are pretty much just the ones that are in various stages of construction. Add Kensington pretty soon, which will be the new tallest and Pantages on Main, which will be another taller tower. At the rate the economy is building in Metro Salt Lake it looks like there will be a lot of towers added over the next ten years plus a huge amount of mid-rise infill.

https://www.sltrib.com/news/2019/08/...rises-midsize/
In this gif using images and renderings provided by the Downtown Alliance and Bowen Studios, a view is seen of how Salt Lake City's skyline is expected to change in a few short years,
with the addition of half-dozen multi-story buildings, including several residential towers and a new Convention Center hotel planned on the current site of the Salt Lake Convention Center.

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[plutonicpanda]

I hope SLC gets some 55+ story buildings soon. A swath of 55-70 story buildings in downtown would likely be among the most beautiful skylines in the country.

[delts145]

Me too with the 55 plus towers. The upcoming Kensingston will finally break the ceiling for Salt Lake. I think with all the new national and international heavy-weights entering the Wasatch Front development market it will definitely start to happen this upcoming decade. By the time Salt Lake's next Olympics rolls around it will be one of the prettiest skylines in No. America, particularly from the Northwest angle. Of course, most of the credit will still have to go to its amazing backdrop.