Salt Lake:Official development news thread

[delts145]

Thanks T-Mac for those pics of the Inn. As with everyone on the forum, I love these great old homes. The detailing and incredible beauty of the natural brick and stone is a testament to me against painting over natural brick. Notice the unrestored mansion adj. to the Inn in your pic. below. I can't help but wonder what great beauty lurks behind that white paint.

[Comrade]

Originally Posted by blazefirelight

did anyone ever hear anything about this development?

http://www.emporis.com/en/wm/bu/?id=zionsocialhallcenter-saltlakecity-ut-usa

I think that it looks pretty freakin neat, but it was never built. Just a pipe dream, it looks like.

Anyway, did anybody ever hear anything about that?

Yes, it was originally proposed in the late 1990s by E&H Properties and Eugene Horbach. The plan originally had the tower being complete for the 2002 Winter Olympics, however, it was pushed back. In spring of 2002, the development was brought back to life and construction was set for late 2002, early 2003. However, after raising the site for construction, nothing happened, Horbach had financial problems, got pissed with the city because of some loans and left.

The area where it was to be built is now going to be developed as part of the CCC.

[blazefirelight]

Thanks, Comrade. I've seen that on emporis for ages but I never knew anything about it.

That would've been a cool project. It would've contained the tallest building in the city and not look too square. It's a shame that he had financial issues.

Where was the project going to be located?

[urbanboy]

A few days ago I was strolling around the area between the Rio Grande Depot, and the Intermodal Hub (Salt Lake Central) in the Gateway District. The area needs many improvements, including sidewalks and other city infrastructure. I'm sure this area will gentrify very soon with the recent completion of Frontrunner and TRAX extension to the Intermodal Hub. I've heard this area will likely become Utah's most urban neighborhood.

Anyway, I just had a little fun doodling, and thought you all might like to see what I've come up with for that area.

[Comrade]

Originally Posted by blazefirelight

Thanks, Comrade. I've seen that on emporis for ages but I never knew anything about it.

That would've been a cool project. It would've contained the tallest building in the city and not look too square. It's a shame that he had financial issues.

Where was the project going to be located?

100 South and State, across from the Federal Building.

[RFPCME]

Sure would like to hear from some readers who know the mortgage business about the implications of the Feds taking over Freddie Mac & Fannie Mae. I fear the takeover will severely curtail home-lending, which will have a tremendous impact on all the condo projects in Downtown. I also fear it's going to be awhile before the home-lending business settles down and sub-prime loans may belong to history.

[Justnslcsugarhood.]

Originally Posted by urbanboy

A few days ago I was strolling around the area between the Rio Grande Depot, and the Intermodal Hub (Salt Lake Central) in the Gateway District. The area needs many improvements, including sidewalks and other city infrastructure. I'm sure this area will gentrify very soon with the recent completion of Frontrunner and TRAX extension to the Intermodal Hub. I've heard this area will likely become Utah's most urban neighborhood.

Anyway, I just had a little fun doodling, and thought you all might like to see what I've come up with for that area.

I love the idea of an aquarium down there :J if there was anything I wish that would have stayed downtown that would have to be it

[T-Mac]

Originally Posted by RFPCME

Sure would like to hear from some readers who know the mortgage business about the implications of the Feds taking over Freddie Mac & Fannie Mae. I fear the takeover will severely curtail home-lending, which will have a tremendous impact on all the condo projects in Downtown. I also fear it's going to be awhile before the home-lending business settles down and sub-prime loans may belong to history.

RFPCME, I know that a lot of clients I have that are in the mortgage industry have been hit very hard by the sub-prime blow-up. In fact, most have gone out of business and are now working with a larger mortgage company rather than on their own.

It will be interesting to see how things go for me as well, since I am planning on adding on to my existing home in Bountiful and will need to go and get a construction loan and then have to wrap it into a mortgage, I will get to see what the process is like now compared to back in 2002 when I did my refi and the rates plummeted from 9/11.

[SLCforme]

hey, thought people may want to know that the old muffler shop on the SW corner of 300 W. and 500 N. has been torn down. there is a condo project planned for the site so hopefully construction will start soon after site cleanup. now if only Marmalade would get going my neighborhood would really be on the up and up.

[blazefirelight]

Originally Posted by Comrade Reynolds

100 South and State, across from the Federal Building.

I think that that would've been a good site for that plan, and it makes sense. It would've been along Social Hall Avenue, and it was Zion Social Hall (ha).

I think that Salt Lake City really could've used that kind of building. It would've elongated the skyscraper line on those blocks, but that's what the rumored Cowboy Partners tower is supposed to do, isn't it?

I think that that type of building could've attracted different types of businesses to Salt Lake to possibly establish HQ's here. That's just how I personally feel. More modern designs bring in more modern businesses and corporations.

is that just a "Shallow" thing to think, or do you think it makes sense?

[Justnslcsugarhood.]

Originally Posted by SLCforme

hey, thought people may want to know that the old muffler shop on the SW corner of 300 W. and 500 N. has been torn down. there is a condo project planned for the site so hopefully construction will start soon after site cleanup. now if only Marmalade would get going my neighborhood would really be on the up and up.

Hurray, I hope you are talking about that abandoned building there. I was hoping they would do something fun with that. Third west will be an awesome place soon they just need more retail! Seriously I would love to operate a shop down there if I had the money.
I bet Marmalade will start soon they are more financially savvy then let’s say Craig Mecaim. I think it will begin in fall just because the area is really more than ready for a project like Marmalade regardless of the national market on a local scale its still quite perfect.
lets just hope its red brick as well and more than just four storys.

[Elworth]

I just finished reading the entire 340 page thread after about a week and a half, and there is a lot of information on here to digest.

3 pages ago, someone remarked about how they thought there would be a TRAX station at 700 south, but the rendering with the new station was for 1700 south. Just thought I would give you all a heads up.

Also, one of my instructors in my Real Estate Development class up at the U just started Blackridge Development in the last few years, so I'll ask him about the Camden Centre. When I was talking to him last Tuesday and I mentioned some of the ideas you guys had about placement of the convention center hotel, he was very interested. He said that there was interest in placing a hotel like that downtown, but I didn't get any information out of him regarding where.

Also, Chris Gamvroulos of Ivory Homes came and spoke to my class last week and mentioned that he is doing some work for the Greek Orthodox Church as they are planning to develop some of the land they have.

Some of the speakers in my class I'm excited to hear from include Jake Boyer and Bruce Bingham. The speaker this week will be someone talking about about sustainability and LEED certification. I am way excited for this class.

Over the next few weeks I hope to take some pictures of different parts of D-SLUT that I enjoy or that are developing. And if anyone knows of an available internship somewhere in the real estate industry here, please let me know. I need some work experience since I want to go to grad school to get my Master's in Real Estate Development and I've worked at Costco since I've been out of HS.

Sorry for the long post, and thanks for the great pictures of the valley that y'all post!

[Future Mayor]

Welcome to the forum.

Just a quick comment on your Trax comment. I think what you are referring to is that the development proposal on 1700 S sparked comments about not wanting another stop on the line because that would slow the trip to DT, someone else remarked that they would like a station between 6th and 7th south. I pointed out that a future station may already be in the plans since it was designed with the open space between the tracks.

Good luck with your program at the U. In my opinion internships are critical in both your undergrad and grad programs.

[SLC Projects]

Originally Posted by Elworth

I just finished reading the entire 340 page thread after about a week and a half, and there is a lot of information on here to digest.

Wow you have been busy. LOL Welcome and thanks for the info.

That sounds like a fun class to be in with all these speakers who are real developers. In fact when Jake Boyer cames and speaks ask him what the hell was he thinking with that last lame Office building ( Gateway V ) on the South End of the Mall. LOL JK.

[Future Mayor]

Good point projects. Also ask him why they were so short sighted and didn't plan for Front Runner to enter the Depot from underground.

[Elworth]

I guess I just got lost in all of the pages of info and didn't realize that is what you had said about TRAX on 700 S. Sorry about that.

I'm hoping to glean a lot of information from this class this semester. There are two instructors for this course, and the works for a bank doing lending for projects like these. I'll try and squeeze out some more info about the plans for a convention hotel this week.

I was also wondering what everyone felt the main pull for Salt Lake is. I would be interested to hear what everyone's opinion on what kind of businesses should locate and why. It seems to me like Salt Lake hasn't really established what kinds of businesses should be locating here. IMO, we need to figure out what industries would do well here and find a way to lure them here. The only things that I think are associated with Salt Lake as far as outside views go are the LDS Church, outdoor recreation, skiing, and large families, but I think we could turn these to our advantage.

In the next few years, I think it would be advantageous for Utah to encourage research into learning techniques and to establish an Institute of Technology. I also think that we need to determine what kind of character we want Salt Lake to have before we start building in leaps and bounds. If you look at Paris or London, those cities have been around for ages, but when the technology became available for skyscrapers, they felt the character of their cities would be better maintained by retaining all of the significant architecture they had and they instituted height restrictions as well. Would Salt Lake be better off remaining a city that doesn't break the 500' barrier, or would high-rises help give it new character?

I was also wondering if anyone thought that making more DT streets one-way only would help the city to develop...

Just a couple of thoughts for the morning. Thanks guys!

[Justnslcsugarhood.]

Originally Posted by Elworth

I guess I just got lost in all of the pages of info and didn't realize that is what you had said about TRAX on 700 S. Sorry about that.
I would lov
I'm hoping to glean a lot of information from this class this semester. There are two instructors for this course, and the works for a bank doing lending for projects like these. I'll try and squeeze out some more info about the plans for a convention hotel this week.

I was also wondering what everyone felt the main pull for Salt Lake is. I would be interested to hear what everyone's opinion on what kind of businesses should locate and why. It seems to me like Salt Lake hasn't really established what kinds of businesses should be locating here. IMO, we need to figure out what industries would do well here and find a way to lure them here. The only things that I think are associated with Salt Lake as far as outside views go are the LDS Church, outdoor recreation, skiing, and large families, but I think we could turn these to our advantage.

In the next few years, I think it would be advantageous for Utah to encourage research into learning techniques and to establish an Institute of Technology. I also think that we need to determine what kind of character we want Salt Lake to have before we start building in leaps and bounds. If you look at Paris or London, those cities have been around for ages, but when the technology became available for skyscrapers, they felt the character of their cities would be better maintained by retaining all of the significant architecture they had and they instituted height restrictions as well. Would Salt Lake be better off remaining a city that doesn't break the 500' barrier, or would high-rises help give it new character?

I was also wondering if anyone thought that making more DT streets one-way only would help the city to develop...

Just a couple of thoughts for the morning. Thanks guys!

I would love height restrictions every where but probably between second east and west temple and down to eightth south. I prefer quality over quantity so I would love allot of eight to twelve story buildings that are nicely done downtown. I think if we stick to focusing on how nice a building looks over how tall it is it would bring in some decent development, however, it might make companies think twice about building here.

[Future Mayor]

I don't see that we have the character of a London or a Paris to have to inplement height restrictions in the city. While I think that SLC will eventually break the 500' mark I think the density of the city will be filled in with residential buildings in the medium height range. Buildings ranging in height from the Metros at 5 or 6 stories to towers like CCC towers 2 and 5 around 20. I think that height restrictions could play a part in developing those densities. In the Gateway District the heights are currently capped somewhere around 10 stories. It seems to me that skyscrapers are trending away from the 70's 80's trend of complete boxes, like Key Bank and University club, so I'm not to worried about the design of the building that finally breaks the 500' mark.

As for the streets to enliven dt I think the key is to break up the blocks were possible. I think creating a vibrant Regent Street, Market Street, Exchange Place and other mid block streets such as the proposed Main to Regent connector in conjunction with the theater will ad a significant amount of vibrancy and intimacy to the city, I could see making these streets one way. What will help this mid block streets to become vibrant and stay that way is direct access to those streets, particularly in my opinion, residential buildings need to have their main access on these streets, this will create the pedestrian traffic that is necessary to spur additional neighborhood type retail on these non major streets.

As for you class, I have to agree completely that the class is so much more interesting when an actual professional is teaching versus a professor. My two most informative courses in my grad work, both related to real estate development were co taught by a life long academic professor and a Commercial Real Estate brokerage firm VP 90% of the information that I took away from both those classes was from the VP and the guest speakers (developers, bankers, etc). There is nothing like learning from those who are actually doing this stuff day to day. I would love to sit in on your classes when you have these guest speakers, that would be very intriguing

[WASDEN]

Originally Posted by Elworth

I just finished reading the entire 340 page thread after about a week and a half, and there is a lot of information on here to digest.

3 pages ago, someone remarked about how they thought there would be a TRAX station at 700 south, but the rendering with the new station was for 1700 south. Just thought I would give you all a heads up.

Also, one of my instructors in my Real Estate Development class up at the U just started Blackridge Development in the last few years, so I'll ask him about the Camden Centre. When I was talking to him last Tuesday and I mentioned some of the ideas you guys had about placement of the convention center hotel, he was very interested. He said that there was interest in placing a hotel like that downtown, but I didn't get any information out of him regarding where.

Also, Chris Gamvroulos of Ivory Homes came and spoke to my class last week and mentioned that he is doing some work for the Greek Orthodox Church as they are planning to develop some of the land they have.

Some of the speakers in my class I'm excited to hear from include Jake Boyer and Bruce Bingham. The speaker this week will be someone talking about about sustainability and LEED certification. I am way excited for this class.

Over the next few weeks I hope to take some pictures of different parts of D-SLUT that I enjoy or that are developing. And if anyone knows of an available internship somewhere in the real estate industry here, please let me know. I need some work experience since I want to go to grad school to get my Master's in Real Estate Development and I've worked at Costco since I've been out of HS.

Sorry for the long post, and thanks for the great pictures of the valley that y'all post!

Welcome Elworth.

Seriously that is fantastic news about the Greek Orthodox Church. One sweet lookin church and a fantastic location in my opinion. Can't wait to see what kind of development they propose for their property (unless it is some other property/location that I'm unaware of).

[Elworth]

Originally Posted by WASDEN

Seriously that is fantastic news about the Greek Orthodox Church. One sweet lookin church and a fantastic location in my opinion. Can't wait to see what kind of development they propose for their property (unless it is some other property/location that I'm unaware of).

My impression from the discussion last week is that they were talking about the warehouse and parking lot just north of the church, but I could be wrong.