[delts145]

Change is coming to Cottonwood Mall - New mixed-use development breaks ground

http://www.sltrib.com/news/ci_9355864?source=rv


The Former Cottonwood Mall

Cottonwood timeline

* The mall, one of the first in the West, opens in August 1962.
* General Growth Properties purchases the mall's owner JP Realty Inc. in March 2002.
* Plans for a major overhaul are announced in July 2007.
* In February, Holladay creates an Urban Renewal Area surrounding the mall site to provide $96 million in property-tax subsidies for the $550 million renovation.
* Realignment of Big Cottonwood Creek takes place this past winter.
* The site has to be raised from a flood plain, with work starting in June and wrapping up in March 2009.
* Buildings could start to rise in March 2009.
* Shopping at the new Cottonwood is expected to open in late 2010.
Source: General Growth Properties


Features of new Cottonwood


* 57 acres, of which 11 will be for open space and a public plaza.
* 500 residences, including town houses, condos and single-family homes.
* 195,000 square feet of office space.
* 575,000 square feet of shopping.
* Tree-lined streets with views of Mount Olympus.


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