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Old Posted Jul 24, 2009, 10:19 PM
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TonyAnderson TonyAnderson is offline
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Join Date: Jun 2009
Location: Salt Lake City | Utah
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Logan Suburb may get Mixed-Use Development

By Kim Burgess
Published:
Friday, July 24, 2009 1:00 PM CDT
HYDE PARK — A new development of upscale shops and multi-family housing could be coming to this community in northern Cache Valley. On Wednesday, the Hyde Park City Council heard a presentation from NAI Utah Commerical Real Estate about the company’s hopes to build a mixed-use project on 20 acres located near Hyde Park Lane and U.S. Highway 91.

NAI real estate agent Ryan Reeves compared the development, Hyde Park Commons, to upscale projects in Jackson Hole, Wyo., and Utah’s Park City. Artist renderings depict modern-style beige and red three-story commercial buildings with shops on the ground floor and office space above, though architect Russ Naylor said he is open to changing the design. A condo community with 108 units is to the east of the shops. The condos would start out as rentals at about $800 to $1,000 a month, then be sold for about $200,000 each when the real estate market stabilizes.

Reeves added that NAI is not looking for “big box” stores to come into the development. Instead, they would welcome specialty “niche” businesses like a boutique clothing store and restaurants.

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Although the council did not take a vote on the development, Mayor David Kooyman expressed support.

“I personally like the idea of multi-use and what you are proposing,” he said.

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“This (development) is for young professionals or retirees who don’t want to take care of that half-acre lot,” he said.

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Full article: http://hjnews.townnews.com/articles/...2-07-24-09.txt

Not sure if it will actually happen, but I definitely like the idea. It's nice to see the fast-growing suburbs or 'bedroom' communities of Logan trying to come into their own.
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