Salt Lake City: Official Development News Thread - Part 4

[slcskyline]

Regarding the Regent Street Hotel, I share the (seemingly) universal enthusiasm for the design and overall plan of this project. Like others have commented, I like the mixed-use component, especially for that location, and think it would be a spectactular addition to our city and skyline. However, the one thing that concerns me about the condominium component is the ability to get the project financed. I realize that condos aren't as impossible to finance as they were in 2009-2010, but it seems like they are still more difficult to obtain financing for (which is part of the reason we haven't seen as many developed recently in SLC or other cities). Does anybody have any idea of how they plan to get this project financed? It sounds like there is strong support from the city, and I belive both the hotel and for-sale residential markets are strong enough to warrant the development, I just think that the financing may be one of the biggest hurdles to overcome to get that project out of the ground. Hopefully they have a solid plan in place to get that done.