SALT LAKE CITY | Development Thread

[delts145]

Salt Lake City & MSA/CSA Rundown


Autumn Giving Way To A Winter Sports Paradise - Suburban Landscape Salt Lake City

https://jamesudall.net/wp-content/up...mas-Lights.jpg

Originally Posted by SDfan

I really need to visit this city. When is the best time of year to go?

I guess it depends on what your strongest interests would be. If you are into the outdoors then Salt Lake City is a four-season world Mecca. There are hundreds of square miles of outdoor activity, surrounded by
spectacular scenery, all within minute's reach of Downtown and the Metro Valleys. The Holiday Season is superb as Salt Lake City itself and the surrounding resorts really get into the Holiday Spirit. The lights and decorations are so beautiful, and the number of world-class performing artists and companies in town is beyond impressive. If your a film buff, and have always wondered what Sundance is like, then January. Also, of course, there's the famous powder to be had at the many surrounding ski resorts if you're into skiing. All of the nearby Ski Resorts have expanded their amenities a great deal to offer a busy full four-season experience. Spring, Summer, Fall and even Winter is usually very sunny. Utah is after all one of the 6 or 7 sunniest States, and anytime is a great time to tour the many new urban developments downtown. You will especially not want to miss City Creek if you're a development geek. There are innumerable historical sites to visit downtown and the gardens of the Temple Square Campus during the Spring, Summer and Fall are very compelling if you are into gardening or landscape architecture.

High Season is just around the corner

Suburban Landscape at the border of the Central and Southern Metro

https://live.staticflickr.com/7048/6912691053_de84fa28a1_b.jpg




Downtown Updates - 95 South State Tower - Under Construction

Originally Posted by msbutah

City Creek Reserve sent out this press release about 95 State (Tower 8)

City Creek Reserve, Inc. Makes It Official:
95 State at City Creek
to be SLC’s Newest Commercial Office Tower

SALT LAKE CITY – City Creek Reserve, Inc. (CCRI) today announced that Salt Lake City’s newest office tower to be constructed on the corner of State Street and 100 South will be named “95 State at City Creek.” The building will be the first high-rise development on State Street in decades.

According to Bruce Lyman, Director of Leasing for CCRI, 95 State’s downtown location and proximity to City Creek Center will offer businesses a compelling new choice for Class-A office space in Salt Lake City.

“95 State at City Creek is designed to appeal to today’s employees,” said Lyman. “Its central location and state-of-the-art amenities are designed to maximize wellness, sustainability and productivity to help our tenants make the most of their workday.”

...The project will include 498,000 square feet of leasable office space and an additional 39,000 square feet of meetinghouse space for The Church of Jesus Christ of Latter-day Saints. The office tower and meetinghouse will have separate entrances and will be independently operated.

95 State at City Creek will offer office tenants premier amenities such as dedicated executive parking, exercise facilities with daily instructional classes, a private entrance for cyclists with secure bike storage, automated window shading,
and personalized HVAC systems that will allow individuals to control their microclimate.

The building will also feature a 5th-floor garden terrace with 7,000 square feet of landscaping, a lobby with 28-foot floor-to-ceiling glass, on-site restaurant, and a renovated underground pedestrian walkway beneath State Street with direct, protected access to City Creek Center.

95 State at City Creek is designed to be the state’s first WELL Certified building with plans to also qualify for LEED Gold and Wired certifications.

Construction is set to begin this month with completion expected in Fall 2021.

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Note to reporters: Architectural renderings attached to this email.

Courtesy City Creek Reserve, Inc.


Courtesy City Creek Reserve, Inc.


November 9th






Pics By ScottHarding

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[delts145]

Downtown - Update - Kensingston Tower

11/13/19 -

Originally Posted by meman

Just returned from the Salt Lake Planning Commission meeting tonight. The Height request variance for the Kensington Tower was unamiously approved tonight !!!

I spoke with the architect of the project and he stated construction is slated to begin IN Spring 2021!!

Originally Posted by stayinginformed

Wow Kensington Tower is moving quickly.

From the Planning meeting email notification:

Kensington Tower Design Review at approximately 69 East 200 South, 75 East 200 South, and 160 S. State St. - Emir Tursic of HKS Architecture, on behalf of 200 South LLC, is requesting approval for height and setback adjustments through the Design Review Process. The building is proposed on the northwest corner of State Street and 200 South. The subject parcels are within the D-1 (Central Business District) zone which allows for adjustments to the 100’ (minimum) and 375’ (maximum) height limits and the front and corner 5’ maximum setbacks via the design review process. The petitioner is seeking to increase the height of a section of the building fronting on State Street to a height of 448 feet. Another portion of the structure located behind the State Street and 200 South facades will be 83 feet in height. The petitioner is seeking approval for being less than the minimum height at that location. The setback adjustment is sought for the ground floor in limited areas on the south and east facades for parking access as well as outdoor dining space along 200 South. The subject parcels are located within Council District 4, represented by Ana Valdemoros. (Staff contact: Christopher Lee at (801) 535-7706 or christopher.lee@slcgov.com) Case number PLNPCM2019-00786

By Katie McKellar@KatieMcKellar for the Deseret News - https://www.deseret.com/utah/2019/9/...nsington-tower

..."Salt Lake City in the coming years is expected to see a massive building boom, particularly when it comes to skyscrapers...“Kensington Tower will set the stage for a
live/work/play concept and will rival other major metropolitan areas across the country, helping Salt Lake City recruit new professional talent and attract top companies to Utah,”

SALT LAKE CITY — Salt Lake City is poised to get another addition to its already fast-growing skyline — and this high-rise would shatter the city’s height record.

If approved, it will replace Carl’s Jr. restaurant at 75 E. 200 South. Towering at a total of 448 feet with 39 floors of luxury apartments, the proposed Kensington Tower at the corner of State Street and 200 South will bring Salt Lake City and Utah to new building heights if it wins approval from city officials.

“It will be the tallest building not just in Salt Lake, but the entire state,” said Molly Robinson, planning manager in the city’s planning division. “That’s pretty exciting. And the fact that it’s almost fully residential is even more amazing.”

Robinson said even city planners were “surprised” to see the proposed height, not knowing the developers — Boston-based Kensington Investment Company Inc. and architect HKS Inc. — would be so ambitious to reach for new heights with a residential building.

“We kind of expect our tallest buildings to be office space,” Robinson said. “That it will be 39 floors of luxury apartments — wow!”

A rendering of the proposed Kensington Tower, a 448-foot skyscraper on the northwest corner of State Street and 200 South. If approved, it would become the tallest addition to
Salt Lake City’s skyline. Salt Lake City Planning Commission

Salt Lake City’s current tallest building — the Wells Fargo Center — stands at 422 feet, which is 2 feet taller than the Church Office Building of The Church of Jesus Christ of Latter-day Saints.

Under Salt Lake City’s new design review process, any height request above 375 feet in downtown’s Central Business District requires approval from the Salt Lake City Planning Commission. The Kensington Tower is expected to come before the commission in coming months, Robinson said.

“Poised to become one of Salt Lake City’s most coveted addresses, the Kensington Tower will revolutionize downtown living in Salt Lake City while expanding the downtown skyline,” designers wrote in a project narrative submitted to Salt Lake City’s planning department.

Kensington Tower would feature nearly 680,000 square feet of luxury apartments, a six-level parking structure, an “outdoor urban park,” a clubhouse, a fitness center, a work lounge with conference rooms, a rooftop pool next to a spa and wellness center, a 4,000-square-foot roof terrace with “panoramic views” of the Wasatch Front, and exclusive sky lounge access for penthouse residents, according to planning documents.

The building would be 412 feet, plus an additional 36 feet for a high-speed elevator and mechanical equipment penthouse, according to planning documents.

The tower will feature 380 units, including studios, one- and two-bedroom apartments, which will be “crowned with two levels of exclusive penthouse units,” according to a narrative of the project. It will also feature 40,000 square feet of communal amenities on three different floors to “create a unique vertical urban community,” designers wrote.

Designers also say the tower will feature an “extensive amenity program” with “unparalleled service support,” including 24-hour concierge, package delivery, dry cleaning services, a pet spa and other services “that will make the urban living experience convenient and uniquely luxurious.”

“Kensington Tower will set the stage for a live/work/play concept and will rival other major metropolitan areas across the country, helping Salt Lake City recruit new professional talent and attract top companies to Utah,” designers wrote in the planning documents.

Additionally, developers seek to make Kensington Tower an “exemplar steward of the environment.” Designers say the project will aim to “minimize its carbon footprint” through design, construction and operations and will promote electric vehicles and bicycle share programs. It will also seek LEED Gold Certification for design and construction.

Developers will also explore using “photovoltaic vertical fins” — or new type of solar technology along the side of the building” — with the goal to produce enough solar energy for lighting in all public and communal areas, designers wrote.

Salt Lake City in coming years is expected to see a massive building boom, particularly when it comes to skyscrapers. Utah’s capital’s skyline is poised to add at least six high-rise projects that are in planning or slated to begin construction. The Kensington Tower is the latest proposal, preceded by a 375-foot skyscraper proposed to replace the old Utah Theater.

Salt Lake City residents and visitors can expect a snarl of construction in coming years in the heart of downtown. If approved, the Kensington Tower will be just across the street from a 262-foot, 270-unit residential tower called Liberty Sky at 151 S. State and barely a block away from a 395-foot office building named Tower 8 coming to 95 S. State, directly west of the Harmons grocery store.

Robinson said the site of the Carl’s Jr. drive-thru is a fitting spot for a new Salt Lake skyscraper, right on the east edge of the downtown core and a desirable address for people wanting to live or work in Utah’s capital.

Because of its special height request, Robinson said the city’s new design review process, automatically sending additional height requests to the Planning Commission, will allow more “public scrutiny” for projects like Kensington Tower, noting taller buildings have a “larger impact in a variety of ways on our city” in both scale and housing density.

“This particular project is going to be such a visible contribution to our skyline,” Robinson said. “That has impacts on the image and quality of the city that we want to project beyond just Salt Lake City, but this is an addition to the postcard picture of downtown.”

The project hasn’t yet been scheduled for consideration in front of the Planning Commission, but Robinson said it’s expected in coming months.

Additional Renderings

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[delts145]

Downtown - Liberty Sky Apartments - Under Construction

Originally Posted by nushiof

Intermediate blue crane being installed at Liberty Sky this morning.

Originally Posted by meman

Has anyone out there noticed how shallow the excavation is for Liberty Sky/

It must not be any more than seven or eight feet deep. It just seems really shallow to me for a 24-story building.

Any Comments??

Originally Posted by Orlando

I believe that all the parking is in the structure that they built that will be shared with their 7-story apartment building on 2nd East. So, this is probably just a big matt foundation connected to piles driven into the soil.

Originally Posted by LeroyJenkins

Correct. There is no basement structure to Liberty Sky. All footings sit just slightly below grade.

(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.


November 9th





Pics By ScottHarding

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[delts145]

Downtown Update - Hardware Village

Copy excerpts from BuildingSaltLake.com The Hardware Village development is large. With over 900 residential units underway, The project consists of three residential buildings, the 4th West Apartments, the East and West Village and a proposed commercial building.

The project, just a block north of the Gateway on 400 West, takes up two 10 acre city blocks from North Temple to 300 North and 400 to 500 West.The buildings will add a few thousand new residents to neighborhood. The area is transit rich, being adjacent to a TRAX and FrontRunner station and the terminus of several bus routes.

Hardware Village nearing completion of another phase - Photos By Scott Harding









Images @ - https://hardwareapartments.com/gallery/ - Hardware WEST


Hardware EAST

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[delts145]

Downtown Update - The Exchange

Originally Posted by scottharding

They're moving very quickly on the Exchange (old SLC Roasting Co. location). They're above ground on it now. It's a pretty big construction project.

Covering more than 2 acres of prime downtown real estate... The Exchange is a joint venture between Giv Development, a local development firm, and Domain Properties, a New York based real estate firm. Both organizations focus on building and enhancing the surrounding community, in addition to the physical development. It was designed by KTGY Architecture + Planning. As part of the City's Civic Campus, this mixed-use development will sit just east of the Salt Lake City Public Library. The Exchange is planned to include 216 market-rate and 196 affordable residential units, which will add much needed density to the area. The number of units will total 412 units. Current plans have more than 20,000 square feet of street-front retail space. This ground floor space will be anchored by an international food hall and marketplace in partnership with the International Rescue Committee’s Spice Kitchen business incubator program. Other notable features of the development will include “The Shop at Salt Lake City”, Domain’s innovative co-working and business accelerator platform. The 30,000-square foot space will offer amenities and programming aimed at stimulating entrepreneurship, small business development, and community engagement. The proposal highlights the use of art and green space and commitment to energy efficiency and will be a great addition to the Civic Campus.

Rendering of the northeast corner of The Exchange. Image courtesy Salt Lake City.


Rendering of the southwest corner of The Exchange and People’s Way a city-owned private street. Image courtesy Salt Lake City.




Pics By Gusam26


October Photo Update By Luke Garrott of BuildingSaltLake.com

The Exchange, by Giv Group, center, from the east-northeast. https://i0.wp.com/www.buildingsaltla...68%2C576&ssl=1


October Photo Update By Luke Garrott of BuildingSaltLake.com

The Exchange project, from the east. Podium and elevator shafts going up. https://i1.wp.com/www.buildingsaltla...68%2C576&ssl=1


November 9th Photo Update By Scott Harding

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[delts145]

Downtown Update - Major Global Developer Narrows In On Pantages Tower Proposal

Tony Semarad - The Salt Lake Tribune - https://www.sltrib.com/news/2019/08/...ed-too-costly/



Update - November 12th

Originally Posted by nushiof

Recap of last night's SLC Council Meeting

https://mailchi.mp/aa6678f07828/reca...ouncil-meeting

"the Board heard from almost two dozen individuals about a proposal to redevelop the Utah Theater and adjacent retail property. The Board received clarification about challenges for the property to qualify for tax credits and historic designations. The theater is owned by the RDA, and property on either side of the building is owned by private developers who are proposing to redevelop all sites for a mixed-use housing development. The proposed development would contribute $1.7 to $2.9 million in public benefits above the property's value. The Board expects to hold a follow-up discussion in the coming weeks. Watch the Board's discussion on The Utah Theater here."

Contains a youtube clip of the discussion

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[Atlas]

I have to say that I'm not a huge fan of the design of the Theater Tower shown in the renderings (particularly the crown). The ground floor stuff looks pretty good and I like seeing a tower of this size being proposed but otherwise, bleh. I'm glad it's "subject to change."

[delts145]

Yeah, it's okay but same here. I'd like to see a few changes. As has been pointed out on our discussion thread, this particular developer has the wherewithal to do some pretty incredible designs.

[delts145]

__________________________________________________________________________Update, Downtown Sightings - The Moda Luxe

Originally Posted by Blah_Amazing

November 13th - On a similar topic, I recently heard from a guy at J.F. Capital that Moda Lux should be moving ahead really soon. It's apparently been in paperwork back-and-forths with the city.

Originally Posted by berger4

... Also the site where "Moda Lux" is going to be, all the buildings to be demolished are now boarded up there as well.

Isaac Riddle Reports @ https://www.buildingsaltlake.com/dev...ings-200-east/The 200 South block of 200 East is in the
middle of a significant transformation. The block is beginning attracting developers interested in its proximity to popular bars, restaurants and downtown amenities. There are currently three residential developments
either actively underway or in the planning stages. The most recent of those is the Moda Luxe, a proposed mixed-use development by JF Capital.

The Moda Luxe will be nine stories with 220 units. The project will consist of a three-story parking podium, two of which will be subterranean, below eight floors of residential. The majority of the units will be a mix of
studio, one and two bedroom apartments with four, three-bedroom penthouse units on the ninth floor.

The ground floor will house the third level of parking, the residential lobby and two restaurant-oriented commercial areas. At the second above-ground level will be most of the proposed residential amenities including
a deck and swimming pool. Additional amenities including a canopied area and dog park will occupy the roof level...

_____________________
https://i1.wp.com/www.buildingsaltla...Luxe.png?ssl=1


https://humphreys.com/wp-content/upl...2rhoihjpc0.jpg


https://humphreys.com/wp-content/upl...2rhoihjpc0.jpg


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[delts145]

Downtown Update - November 9th - The Marmalade District Project

Rendering of the southwest corner of the Marmalade mixed-use project. Image courtesy Salt Lake City planning documents.

Photo Update By Scott Harding

Originally Posted by Makid

The large Marmalade housing project had its official ground breaking today:

https://www.abc4.com/news/salt-lake-...block-project/

Downtown/West - Salt Lake City breaks ground on ‘Marmalade Block’ project

ABC News - https://www.abc4.com/news/salt-lake-...block-project/

SALT LAKE CITY (ABC4 News) – A ceremonial groundbreaking was held Wednesday evening for a new mixed-use development project in the West Capitol Hill neighborhood. Members of the Salt Lake City Council were on-hand for the
Harvest at Marmalade presentation. The new development will comprise of three mixed-used building with 252 apartments, 12 office units and 2,400 square feet of commercial space. Harvest is the third piece of the four-part Marmalade
Block Development. The first, the Marmalade Branch of the Salt Lake City Public Library was completed in 2016, and the second, the Grove at Marmalade Townhomes completed in fall 2018.

“The library which was built about three years ago has really provided kind of a central hub for the community to gather around. And we feel like the addition of this project is really just going to complete that focus and really have a
transformational effect on the Marmalade Community,” said Micah Peters, CEO of Clearwater Homes.

The fourth component, an inner-block public plaza featuring green space and public art, will be constructed following Harvest’s completion.

Rendering of the northwest corner of the Marmalade mixed-use project. Image courtesy Salt Lake City planning documents.

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[delts145]

Downtown Adj.- Update, The Hardison Apartments

Copy By Isaac Riddle of BuildingSaltLake.com The Hardison, by Garbett Homes, replaces a long-vacant lot at the southwest corner of the South Temple and 500 East intersection. The project will consist of five wood-framed floors above a two-story concrete podium. The residential apartments will have a unit mix of 29 studios, 66 one-bedroom and 40 two-bedroom apartments. The project will also include three live/work units that will be large enough to accommodate commercial uses at 3,877 square feet each. In addition to the live/work units, the ground floor will also house the fitness center, residential lobby and leasing office. The residential apartments will have a unit mix of 29 studios, 66 one-bedroom and 40 two-bedroom apartments. The project will also include three live/work units that will be large enough to accommodate commercial uses at 3,877 square feet each. In addition to the live/work units, the ground floor will also house the fitness center, residential lobby and leasing office...


https://i0.wp.com/www.buildingsaltla...5-PM.png?ssl=1


https://i1.wp.com/www.buildingsaltla...94%2C778&ssl=1

Photos By Scott Harding - November 9th





https://i0.wp.com/www.buildingsaltla...0-PM.png?ssl=1

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[delts145]

The Next Great Expansion Of Salt Lake City's Downtown - The Post District

Quote: During a recent tour and interview, Blaser stressed the development’s adaptive reuse, noting that five existing buildings on the site will be retrofitted, and no two buildings will be designed alike by different architects.
“You destroy the soul of a city when you knock down every building,” Blaser said, who added that the development will include space for artists who currently work in the area.

Tony Semerad, The Salt Lake Tribune - Developers plan to build a nearly 13-acre residential and commercial project along sections of the city’s main entry and exit from Interstate 15, on land located around 500 South and 600 South between 300 West and 400 West. To be known as the Post District, the development would replace or refurbish a half-dozen or so unsightly, graffiti-covered cinder-block buildings and a sea of cracked pavement covering nearly all the full city block known as the NAC lot, as well as the A&Z Produce building to its north with an adjoining parking lot and other parcels.The district is anticipated to add as many as 500 apartments and town homes, large office spaces, shops, new trees, a parking garage and a pedestrian-centered plaza to the city’s central business district, in phases constructed over the next three years or more.“The overall size and scale we have here will allow us to really create a neighborhood,” said Alex Lowe, a principal in Salt Lake City-based Lowe Property Group, one of four companies partnering in the project...Initial designs for the new district call for blocklong folds of trees and pleasing streetscapes along those high-visibility stretches of both 500 South and 600 South, including an open plaza and architecturally unique residential tower visible to vehicles coming off the highway. City and business leaders welcome that aspect of the development in particular...Planning standards for the district — which, according to city documents, is meant to welcome visitors on a grand scale — call for the use of midrise buildings, entrance monuments, iconic lighting and large street trees.

https://www.sltrib.com/resizer/cC9qc...IESM2O7MUM.jpg

As it pushes Salt Lake City’s downtown core farther to the south and west, the Post District will focus heavily on adaptive reuse. The idea, developers said, is to give a new life to aging yet unique industrial buildings used for generations as transfer hubs for locally grown produce and huge rolls of newsprint..."This area is so ripe to finally turn and be changed and really add character to downtown, so it’s fun to be able to do it on such a big scale,” said Ben Lowe, brother to Alex Lowe and a fellow principal in Lowe Property Group.

Aerial photo of area slated for major change over the next three years

https://i2.wp.com/www.buildingsaltla...78%2C381&ssl=1

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[delts145]

Converting this old foundry in Salt Lake City into trendy office space ‘is just the beginning,’ developers say

Tony Semerad - The Salt Lake Tribune - https://www.sltrib.com/news/2019/11/...ting-this-old/


https://www.sltrib.com/resizer/ChjiC...VS2LLVSDXM.jpg

...Developers are overhauling the vast interior of an early 20th-century former foundry at about 500 West and 700 South to turn it into new offices, in one of the largest examples of reusing old structures now underway in Utah’s capital.

Ellen and Jason Winkler, the husband-and-wife team behind a company called Industry, say they’ll start with about 110,000 square feet of flexible office space, spread beneath the renovated foundry’s two-story ceilings, brick walls and rugged steel framework. They want to appeal to workers in the state’s growing tech and creative sectors, luring their employers with spaces offering vintage character and amenities like shared kitchens, rooftop decks and an interior courtyard.

Ellen and Jason Winkler, the husband-and-wife team behind a company called Industry, Picture by Trent Nelson of the Salt Lake Tribune


(Trent Nelson | The Salt Lake Tribune) Industry is a Denver-based developer renovating an old foundry in Salt Lake City's Granarly District.


https://www.sltrib.com/resizer/7sgoh...L5VIXHI37I.jpg



Renderings of Foundry Makeover When Completed. Images courtesy Salt Lake City Department of Economic Development and BuildingSaltLake.com



Interior rendering of the proposed INDUSTRY development. Image courtesy Salt Lake City Department of Economic Development.


Interior rendering of the proposed INDUSTRY development. Image courtesy Salt Lake City Department of Economic Development.


The interior of the warehouse that will be converted into a collaborative workspace. Image courtesy Salt Lake City Department of Economic Development.

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[delts145]

Update - Northwest Quadrant District - Post Distribution Center

Post, one of the nations leading cereal manufacturers has recently finished construction on a giant distribution center in Salt Lake's already burgeoning distribution sector. Salt Lake City's geographical positioning gives it same day access to all major metro points of the interior West and also major population centers of the West Coast.

The 901,000 square-foot facility is located south of I-80 next to the northwest quadrant of the city, on California Avenue and 5600 West. Freeport West built the $50 million facility,

https://localtvkstu.files.wordpress....rip=all&w=1200


https://big-d.com/wp-content/uploads...1A1488_web.jpg

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[delts145]

Downtown Update - Gateway Center/Union Pacific Luxury Hotel

Originally Posted by stayinginformed

Also from the planning commission email agenda today:

Union Pacific Hotel Planned Development Time Extension Request - Rob McIver, representing the property owner, is requesting a one-year time extension for the Union Pacific Hotel Planned Development, located at 2 S. 400 West. The applicant has indicated that additional time is needed to finalize design work and building permit plans. The Planned Development was approved by the Planning Commission on November 14, 2018 for an 8-story, 225-room hotel to be located on the west side of the existing Union Pacific Railroad Station. No zoning relief was approved, but all new construction in the Gateway-Mixed Use zoning district must be reviewed as a planned development. The subject property is located within Council District 4, represented by Ana Valdemoros. (Staff Contact - Lauren Parisi at 801-535-7226 or lauren.parisi@slcgov.com) Case number PLNSUB2018-00618

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.

https://i2.wp.com/www.buildingsaltla...34%2C996&ssl=1

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]

__________________________________________________________________________________________________Downtown Adj.- Unversity of Utah

Originally Posted by Atlas

The Rice-Eccles stadium expansion is now called the "Ken Garff Performance Zone." The project has a new website:
https://www.kengarffperformancezone.com/

New renderings from that link:

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[delts145]

Downtown Building Boom

A partial massing depiction of a piece of the Central and Northwest sector of downtown. These are some of the taller projects currently going through the process of proposal, approval, or currently under construction. There are many projects
in this and other sectors of downtown, which are in the 6 to 10 story range and taller that are not shown. This does however give a good idea of the amount of historic level transition currently going on with Salt Lake City and it's greater MSA/CSA.

Projects Massing Depiction By Orlando

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[shakman]

What are the two with "?" marks?

[delts145]

The one next to the Cascade sign is the pending Zions Bank Tower Headquarters. The other one is the proposed hotel tower at Arrow Press Sq., which has been awaiting construction of the new Convention Hotel. The Convention Hotel tower construction is slated to begin soon. It's really not visible is this illustration.

Here's a couple renderings of that upcoming Convention Center Hotel. The hotel tower at Arrow Press Sq. will be across the street from this CCH development.

https://farm8.staticflickr.com/7888/...10736233_o.png


https://localtvkstu.files.wordpress....esize=1200,900

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[delts145]

Parting Shot


Central Metro - Park City Ski Town/Resort

https://images.ski.com/media/Destination-Heros/19.jpg

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