Salt Lake:Official development news thread

[i-215]

Originally Posted by urbanboy

Hey I-215,

What program did you use to render that?

Macromedia Flash. It's really not it's intended purpose, but it's layered which is nice. I can take a line and then grab it midpoint and "bend" it into shape.

[WASDEN]

Okay lets try this...



Worked! There would have to be some kind of flyover ramp for West bound I-80 though.

[i-215]

That could work. The ramps will need to be longer onto WB 80 - but I think nearly any new option will do that.

As far as connection to EB 80 / SB 215 they'll either need to build a fancy braided ramp system to let people connect to both freeways - or simply connect to one freeway or the other exclusively. The on-ramp is too close to the freeway split to give drivers enough time to change lanes.

Right now I'd say going from 27th to SB 215 would be smooth, but FHWA doesn't like left-exits, so that may cause a bit of trouble connecting NB 215 to 27th South. They could connect WB 80 to 27th South, but that'd be a bit funky in terms of one side connecting to 215 and the other to 80.

[WASDEN]

right you are, but you get the idea right?

[PandaUte]

In response to Northernlad's post about market conditions affecting the construction of City Creek Center . . .

I believe it's a valid concern, and I'm sure one not at all lost on the Church officials and developers spearheading this project. However, I doubt we'll see much change of plan. If these were individually-proposed buildings, then yes, we'd probably see construction halted, or at least delayed.

In this case, however, CCC developers don't want to do anything that might make potential retailers nervous about investing in their property. If Taubman were to suddenly say, "Construction of Towers 5 & 6 are being modified to provide fewer units", or even "Towers 5 & 6 won't be constructed until sometime after 2011", serious doubts would be raised about the CCC's commercial solvency.

Additionally, CCC is too far along at this stage to be fiddled with. Demolition and excavation is complete on one block - nearly complete on another. Plans have been drawn up, architects have been contracted, planning permits have been approved, and construction crews have been retained.

Bottom line: SLC and the CCC developers stand to lose far more by scaling the project back and creating a stir among potential tenants, than they do by proceeding as planned despite poor market conditions.

Remember that CCC is still more than three years away from completion. There is nothing to suggest the real estate market won't fully rebound by then, if not much sooner. This is, after all, a long-term investment in Salt Lake City's future - short-term economics shouldn't interfere with that vision.

[UTPlanner]

Am I the only one who gets frustrated with local government leaders who seem to always feel as though a consultant led study will solve all of life's woes and find answers to all questions in life?

I don't understand why the county is spending money on a consultant to tell them where a new theater should be built, if the county is not going to build it. Perhaps they are planning to or at least invest county funds in it and I'm just misinformed.

If a theater is to be built in the metro area I think that a builder/developer can look at the area and determine the best area. The biggest and better influence will come from the assistance of local government leaders. If SLC wants a new theater they need get their economic development department to find ways to woo a builder/developer. The market should dictacte location.

This project in Sandy is led by a private developer. (Who, off the record, is a real jerk...though has a great deal of financial backing.) He is not looking for government funds (yet) thus the general populace of Salt Lake County or a financial consultant does not get to decide where and when this happens.

I've said it once and I'll say it again don't hate Sandy for being successful direct that anger towards SLC leaders to help convince them to get their bodies and wallets in gear.

[Sight-Seer]

The church has never been too worried about transient market conditions. They have the resources to wait out the current downturn. They have been the only ones who will build an office building without having most of it preleased. Anyway, by the time these condo towers are done (in a couple years), the market may be on the way back up.

[delts145]

Another factor which should benefit the downtown and metro construction in general, is the continued demand for good rental housing. There is still a lot of growth and inmigration to the metro. Many of these people are looking to rent, for the time at least. We should see a healthy continuation of construction in Apartment TOD's in and around downtown and throughout the Metro. They can always convert to condo when the market stabilizes or remain as apartment rentals if advantageous. The important thing to remember is that there is a lot of pressure in the area right now for rentable apartments.

[i-215]

Originally Posted by WASDEN

right you are, but you get the idea right?

Yeah, I see the gist of it. I think it could work, overall.

[delts145]

Green offices: More developers see the financial benefits of eco-friendly building

http://www.deseretnews.com/article/1,5143,695255275,00.html

As downtown Salt Lake City undergoes a major commercial building boom, local business leaders are being asked to consider the potential long-term impacts of green development on the community and their bottom lines.


The Escalante Science Center was built to "gold" environmental standards set by the U.S. green Building Council. (GSBS Architects)


Big_D Construction's corporate offices in Salt Lake gained a "gold" certification, which means it fared well for water savings, energy efficiency, materials selection and indoor environmental quality. (GSBS Architects)


The builder of a 22-story building that will go up at 222 South Main plans to buy "green power." (Rendering by Hamilton Partners Inc.)

[delts145]

127-room Hyatt Place hotel coming to Salt Lake

http://www.deseretnews.com/article/1,5143,695255376,00.html


Construction on the $20 million, 80,000-square-foot project likely will begin next month and open in spring 2009, Boyer said.


The Boyer Co. also is proposing to build an office building to the southwest of the hotel. The 100,000-square-foot building - the sixth office building at The Gateway - is expected to open in summer 2009.

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[delts145]

Luxurious Waldorf Astoria Property & Renowned Golden Door Spa coming to Park City

VIDEO LINK - http://www.2dimes.com/images/portfolio/dakota/dakota.html?TB_iframe=true&height=500&width=720


Park City/The Canyons Dakota Lodge part of Walforf-Astoria Collection

http://www.deseretnews.com/article/1,5143,695255270,00.html

Scheduled for a spring 2009 opening, the Dakota Mountain Lodge will consist of 197 guest rooms, ranging in size from studios to the six-bedroom penthouse. A second phase will add 137 guest rooms in 65 condominium units.

The lodge will include a 20,000-square-foot Golden Door Spa, including 20 treatment rooms, fitness center and a full beauty salon.



Dakota Mountain Lodge

http://images.google.com/imgres?imgurl=h...ota%2Blodge%26gbv%3D2%26hl%3Den%26sa%3DG

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[delts145]

Conventioneers, tourists bring $1 Billion to S.L. County

http://www.sltrib.com/business/ci_8330962

Visitors galore in 2007

Tourists and convention visitors spent $1 billion in Salt Lake County last year, with new high marks on the convention side:
* Delegates: 302,473
* Room nights: 392,614
* Delegate spending: $264.3 million
Total spending by visitors:
* Hotels: $359.3 million
* Car rental: $169.8 million
* Restaurants: $237.3 million
* Retail/other: $239.5 million
* Total: $1.005 billion
Source: Salt Lake Convention & Visitors Bureau

The benefit of an expanded Salt Palace was evident in 2007 in the strong visitation numbers released Thursday by the Salt Lake Convention & Visitors Bureau (CVB).


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[urbanboy]

Commercial work not slowing
Businesses expected to prop up real estate
By Steven Oberbeck
The Salt Lake Tribune

Industry experts speaking at the 14th annual Utah Commercial Real Estate Symposium at the Salt Palace on Thursday morning offered projections on what this year will hold for the office, industrial and retail property markets in the Salt Lake City area.
About 730 commercial real estate agents and brokers attended the symposium sponsored by the Utah chapter of the National Association of Industrial and Office Properties.

http://www.sltrib.com/business/ci_8330970

[SLC Projects]

Originally Posted by delts145

127-room Hyatt Place hotel coming to Salt Lake




Construction on the $20 million, 80,000-square-foot project likely will begin next month and open in spring 2009, Boyer said.


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That's good news. That area North of the Gateway is so empty, we need to get some buildings to fill that parking lot up.
This will be a fun project to follow up on.

[delts145]

^^^
That whole nothern area of 300,400,500,and 600 West is going to be completely changed within a few short years. So many attractive infill projects going up, and it's unbelieveably great to see that whole area transforming into a vibrant and beautiful district. Also can't wait to see the new TRAX bridge and vidaduct along No. Temple

[RC14]

I just wish the Boyer Co. would make some of these buildings taller then 10 stories.

[Future Mayor]

Originally Posted by RC14

I just wish the Boyer Co. would make some of these buildings taller then 10 stories.

While sometimes I too think it would be nice to have something taller in the Gateway area, it is actually by design according to the Gateway Master Plan Zoning.

The zoning has been set up to limit the heights and allow it to develop as a nice semi dense mixed use area.

This is directly from the city code book regarding the GMU (Gateway Mixed Use) zoning ordinance.

Building Height: The minimum building height shall be forty five feet (45') and the 200 South street corridor shall have a minimum height of twenty five feet (25'). The maximum building height shall not exceed seventy five feet (75') except buildings with nonflat roofs (e.g., pitched, shed, mansard, gabled or hipped roofs) may be allowed, up to a maximum of ninety feet (90') (subject to subsection I of this Section). The additional building height may incorporate habitable space.

[SLC Projects]

Right now the tallest building at the Gateway is the "Parc" condo Tower that is 12-stories. Not sure how many feet that is. But I think that building is at the limit for that area.

[SLC Projects]

Looks like the Metro Park West has been delayed since they were going to break ground last mouth and when I drove pass the site the other day I saw that the big banner with the rendering was taken down. Could mean two things...

1. The project got cancelled,

or The developers are back at the drawing board working on a new rendering.

Who knows.