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Old Posted Nov 3, 2006, 3:37 PM
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Utaaah! Utaaah! is offline
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Join Date: Dec 2005
Location: SF Bay Area
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So the developer considered a downtown, transit-friendly site for this project, but deemed it too "risky". Such little faith.

A future 'mini-Gateway'

Friday, November 3, 2006

By Antone Clark
Standard-Examiner correspondent


Developer considered Clearfield rail site, says risk too great

CLEARFIELD -- The principal owner of a development group that will build a "mini-Gateway" on the eastern border of Clearfield says he considered property near the city's soon-to-be-built commuter rail site, but decided the risk was simply too great.

Larry Myler of Midtown Village of Orem said he did look at building a $100-million "lifestyle" center that combines residential, commercial, retail and entertainment options on property adjacent to the uncompleted rail stop at 1250 S. State St.

However, at a public hearing during a recent Planning Commission meeting, Myler said he simply couldn't take the risk and had to consider other options.

Now Myler has proposed building Midtown Village of Legend Hills on 11 acres at State Route 193, also known as 700 South, and University Park Boulevard. The project would be an eight-story "mini-Gateway" on property owned by Wayne Belleau.

"This seems to be a better spot," Myler said.

The Utah Transit Authority owns about 73 acres on the southern end of town.

Only 10 of those acres will be needed for the rail stop, so potential development of the rest of the acreage has been an ongoing topic for several years.

Myler said the risk was simply too great to move that direction.

"I can't take a $100 million chance."

He said no one has a handle on how popular the rail line will be, so transit-oriented development around the rail stop is still an unknown.

The Legend Hills project must clear a number of legal issues before it can be started, but developers hope to break ground in spring and expect the project to take two to 21/2 years to complete.

The project is being modeled after a similar structure under construction in Orem.
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