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development south of tabernacle....
SLC Projects:
the development south of the mormon tabernacle is still in the 'planning' stages. the folks that own that land are the same ones that helped develop the wells fargo building...and i was told they are the same owners as well (i guess a partnership with wells fargo?)
anyway, yes, there is a sign there now saying it is arrowstar, and wasatch one is right...they are planning a mixed use development there....as we ALL know, they would be STUPID to put in a one or two story condominium with a laundry mat on the bottom floor....
so, through the grapevine, i have heard they are planning a nice big office/condo project there, but it is still in land use. also, it sounds as if they are negotiating land acquistion with other property owners, and may be the reason for the delay.
if you remember before the wells fargo building was built, the vacant storefronts were there for YEARS before anything was done because of a suit shop that was there didn't want to sell their building.
when wells fargo developers offered enough incentive and money and jazz tickets, and WHO KNOWS what else, they agreed and the wells fargo center went through.
as you know, arrowstar is an awesome construction company, and will put in a NICE building there. i also think they are waiting until the time is right to announce what they want to do there. it's a GREAT piece of property and it would be foolish to do anything OTHER than a LARGE scale development there.
so, the talk in MY vinyard (with some folks i know that know other folks) is a nice highrise (10-15 stories) with shops underneath, office space, and condos on top...
so, that is my scoop. i heard they were in negotiations with the restaraunt next door and possibly travelodge, but NOT SURE ON THAT...the property they have is big enough for what they want to do...
that is my two pence...
keep the change.
poodledoodledude
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