Salt Lake City: Official Development News Thread - Part 3

[UTPlanner]

I wish I had more details I could share about these hotel projects. I would definitely share it if I could. I know all of them are franchises and two would be owned by the same company. They have built hotels all over the west including the one mentioned in St. George.

I do not think that the third hotel discussed will be a convention hotel but I could definitely be wrong about that. From what I hear they're on an accelerated time schedule, which tells me that they're probably not counting on public investment. Also all of the property in the area is zoned D-4 which only allows structures up to 125 feet.

Whether or not these hotels materialize as a "convention hotel" I will be very happy to see two parking lots in the downtown area disappear.

On a different note, we've also heard about more multi-family residential construction in the east downtown area. I don't know the exact addresses yet but SLC is raising impact fees on development beginning in 2013, so a lot of developers want to get their plans in before the end of the year. I will let you know when I hear more.