Posted Dec 23, 2019, 3:27 PM
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Join Date: Aug 2006
Location: Downtown Los Angeles
Posts: 19,393
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Downtown Update, December 17th - Block 67
Salt Lake City has approved a way to pump $15 million into building a huge subterranean parking garage for Block 67, an upcoming ambitious residential and hotel project on the western edge of the city’s downtown.
The agreement, backed Tuesday by the City Council in its role overseeing the city’s Redevelopment Agency (RDA), clears a major hurdle for what is to be known as The West Quarter, a 6.45-acre development bounded by 100 South and 200 South from 200 West to 300 West.
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(Rendering by The Ritchie Group) A rendering of The Ritchie Group's proposed Block 67 development in Salt Lake City, as though looking north along 300 West...
With its four towers and extensive amenities, to be built in two phases, The West Quarter project will push the center of the city’s urban core west, with more robust pedestrian connections between the existing downtown and The Gateway and Vivint Smart Home Arena farther west.
“It really is a good project,” Councilman Charlie Luke said Tuesday. “It really is going to do a lot for the city and especially for that part of the city in terms of redevelopment."...
...Ryan Ritchie, a principal in The Ritchie Group, has said the underground parking garage is integral to the project’s overall financial success...The loan agreement sets up a legal mechanism for the city to give the developers the $15 million in state money for the parking garage, then lets the developers pay it back over time as their project generates additional tax money. Salt Lake City’s RDA will, in turn, pass those payments back to the county...
Additional Renderings of Block 67 - Subterranean garage to serve both Phases I and Phase II
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Originally Posted by scottharding
December 10th - There was a backhoe at Block 67 today, ripping up concrete and demolishing the parking lot gate booths.
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Quote:
Originally Posted by meman
December 5th - Construction fencing is going up around the West Quarter site today!!
Looks like another big project is imminent!!
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Jacobsen is partnering with The Ritchie Group and Garn Development to build Phase I of The Block 67 Project. The West Quarter, a multi-use development that will help define the emerging sports and entertainment district in downtown Salt Lake City. The project — adjacent to Vivint Smart Home Arena — will feature more than 650 residential units, a mid-block street with access to 200 South and 300 West, and a subterranean parking garage. The scope of work also includes more than 100,000 square feet of retail space, 430,000 square feet of office space and a 271-room hotel.
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Last edited by delts145; Feb 21, 2020 at 2:26 PM.
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