Salt Lake City: Official Development News Thread - Part 5

[wrendog]

Originally Posted by meman

Hey Atlas, I was really blown away by the figures you provided from CBRE about office space in different cities

I cant believe Portland has more than twice the office space as salt lake and more office space than Austin.I think Portland and Salt lake are close to the same size so Im just wondering why the big discrepancy???

If my numbers are correct, it looks like 68 million sq feet in Portland metro

https://www.colliers.com/en/research...-market-report

And this report just has SLC and Provo at around 56 million sq feet

https://mktgdocs.cbre.com/2299/087d3...ce_Figures.pdf



Edit: I guess you just meant downtowns. but yeah, downtown PDX is much bigger than SLC, so makes sense to me. Downtown Austin has a ton of residential

Ogden has an additional 7 million, so total for the Wasatch Front is around 63 million which is comparable to Portland

[Makid]

I've always wondered on these lists for office space, do they include only space that is leased or does it also include private space?

If it only includes the leased space, it does miss out on a decent amount of privately owned space such as the State owned offices, U of U owned office space, LDS Church office buildings, and Ensign College/Triad Complex.

This accounts for a large amount of space, even more once the City Center space is no longer leased and becomes fully occupied by the U.

If this space isn't included, it may show the SLC downtown area as losing even more space as office space is privatized or converted to residential over the next few years.

[Atlas]

New 350-unit project at 523 W 200 N submitted to the portal, from the Boyer Company: "District North"

[Ironweed]

Originally Posted by Atlas

New 350-unit project at 523 W 200 N submitted to the portal, from the Boyer Company: "District North"

This is a God-Send.

That area is a dive zone which has needed help for ever. Hopefully, this will act as a catalyst for the S-side of the block as well.

Any idea when groundbreaking happens, Atlas?

[Atlas]

Idk, it needs to go through design review which could take awhile. There doesn't seem to be a lot of new stuff in the pipeline right now though, so it could be sooner than past projects. If they have their financing in place, then they just need to apply for building permits and such. Maybe 3-4 months at the earliest? May be longer, of course. That project on 400S/900E has been approved and reapproved for years and still hasn't started, despite Office Max shutting down. Same with the cursed tower site on 400S/West Temple.

Btw I drove by the BRIX project today and noticed that the entire west side is reddish/orange stucco. I thought it was supposed to be white. Is that temporary?

[Makid]

400-foot buildings on the west side? What the Miller Company wants in Fairpark
https://www.ksl.com/article/51164762...s-in-fairpark-

SALT LAKE CITY — Major changes to downtown Salt Lake City could start taking shape as early as next year after city leaders approved a complex plan tied to Smith Entertainment Group's acquisition of a National Hockey League franchise.

However, city leaders are now tasked with reaching similar agreements for plans that would drastically change its west side and potentially draw in Major League Baseball.

Design reviews would be required for any building over 200 feet, but the change would open the door for downtown-like height on the west side.

More concrete plans are already underway. The Miller Company is working with Rocky Mountain Power and an architectural firm on concepts for a new 160- to 180-foot tower in the area, according to Wade Budge, a partner at Snell and Wilner, the firm representing the Miller Company in the rezoning process.

"That's just one item we're dealing with right now," he said, noting the power utility company would make the tower its new headquarters.

It does seem that they want to hit the ground running starting early next year. This will be a boon to the area and will push North Temple developments even without an MLB team. I can see issues for the KOA and the trailer court nearby. The KOA is at bigger risk due to its proximity to North Temple while the trailer court is back a bit from the street so may not be impacted for a bit.

Even without this North Temple would continue to change with the coming 2nd Trax route and updates to the Fair Park. This just gives an area a more unified and focused plan with higher heights than are currently allowed.

[Atlas]

Very nice. A 160-180 ft tower is really going to stand out at that location and be an anchor for future development.

400 ft at that location may be too big of an ask to the FAA.

[rockies]

Is the church going to make us wait until temple square is done in 2026 before giving us renderings of the Harmons/200E lot? I hope we see more new projects soon