The nicest part of all this is its just the beginning. By early 2013 we should see up to 4 or 5 more cranes up in addition to these two. This includes:
The District on Apache (905 bed 6-story student housing) In Construction
Terrace/Eighth/Rural apartment project (2 20 story towers) early 2013
Hayden Ferry office III (10 story tower) possibly late 2012?
Villas at South Bank (1 17-story tower) mid-late 2012
Sky Tower? (40-story tower) Planning
I am not keeping my fingers crossed on Sky Tower but it would be a fabulous project. After researching the developer, it seems that they own multiple apartments around the valley, but this project seems a bit ambitious for their small company. It would be interesting to see if they have to fight with COT & FFA for height (assuming it would be 400+ ft.). Would they be able to secure financing? Who knows...we will find out. Good to see urbanism spread off Mill to College, University, East Rio Salado, Rural, and even Apache!
Oh & one more thing to keep an eye on is the Block 12 development. I have a feeling they will break ground soon since they said in November of last year they were hoping for a fall 2013 opening, the recent archaeology dig, and the fact that Mill Avenue District has put it "under construction" on their page. They must have a source or have been told that it is in planning.
http://www.millavenue.com/business/under-construction