Salt Lake:Official development news thread

[SLCforme]

Thought I'd let everyone know, I have a friend who owns a condo in the marmalade area so she keeps bugging Howa to get updates on their project as her property value will likely increase when Marmalade is done. A representative told her that they are going to break ground on the commercial portion of the project next week, with the residential coming a year later. Who knows if they were just blowing her off but we can keep our fingers crossed.

[delts145]

I think a lot of the projects that have been stalled for a few months will start to gear up again soon. The Salt Lake Metro and downtown market has one of the better economic forecasts nationally. That 300 West corridor is going to be one hot area in the next few years.

[cololi]

Originally Posted by delts145

I think a lot of the projects that have been stalled for a few months will start to gear up again soon. The Salt Lake Metro and downtown market has one of the better economic forecasts nationally. That 300 West corridor is going to be one hot area in the next few years.

Maybe I am a bit pessimistic on this issue, but I don't see a lot of the stalled projects starting anytime soon. Many of them have all kinds of legal/bankruptcy/financing issues that will take a year or so to overcome.

I think the economic forecast is stable, which is not necessarily what you want for economic growth. It isn't a bad thing, but it doesn't mean that you will start to get a higher than average investment into development projects. If you take into account all of the projects that are actively being development in the area, We are experiencing one of the largest development investment periods in the history of the state and it is due to our economy over the last few years, not our economy right now. The only problem with that, at least for downtown SLC, is that the investment dollars are spread out throughout the valley and adjacent valleys. There is a general thought right now that the development/investment along the wasatch front market is close to saturation. The end result, for an investor, is that the risk/reward ratio gets closer to being neglible, which results in less investement dollars coming in. That is why projects like the Kennedy Condos and the Marmalade, at least residential phase, are stalled. Many initial investors pulled back because the risk/reward just did not pencil out. Luckily for the marmalade, they didn't get too far into construction.

However, as some of these projects go through the bankruptcy process, the projects could be purchased for a price that increases the potential reward and end up attracting additional investment dollars. I hope this happens sooner rather than later.

[urbanboy]

If I could go back in time and contribute some of my thoughts and input to those
creating the 2nd Century Plan for Salt Lake City, these are some ideas that I would suggest:
(first, scroll down to the key)

[Viperlord]

Thought I would post the rendering...
Small update, for those that might have missed the info earlier.
Trolley Place
Starting from the $290's
550 South Denver Street, Salt Lake City
(801) 618-5767 Phone



Ivory Homes returns to SLC with condo project
http://findarticles.com/p/articles/mi_qa5279/is_20080811/ai_n28054800?tag=content;col1

Website...
http://www.ivoryhomes.com/?mID=5&k=Trolley-Place-community&communityID=176

[bammbammz]

awsome rendering!!!! new to this....love salt lake!!! nuth'n better........nothing!!!

[Viperlord]

Originally Posted by bammbammz

awsome rendering!!!! new to this....love salt lake!!! nuth'n better........nothing!!!

Welcome to the forum, please feel free to indulge yourself with more Downtown Salt Lake renderings and information on page one of this thread.

http://forum.skyscraperpage.com/showpost.php?p=2321516&postcount=1

[delts145]

Commission says no to Wal-Mart rezone

http://www.deseretnews.com/article/1,5143,700258001,00.html

Sorry, Wal-Mart. East-side residents are calling your bluff.

An informed and well-organized group of residents who live near the Kmart building at 2705 E. Parleys Way pleaded with planning commissioners Wednesday night to force Wal-Mart Stores Inc. to play by the rules in its plans to redevelop the site.

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[SLC Projects]

Building moves slowly to new location
http://www.ksl.com/index.php?nid=148&sid=4238149

(KSL News) A big building in downtown Salt Lake is on the move: straight up! It's the historic Odd Fellows Hall.

Since early this year, crews have been preparing it for a move across Market Street to make way for a new federal court building. It's one of the biggest brick and stone buildings ever moved.

Today, hydraulic jacks began inching the building upward on steel beams, so slowly it's like watching grass grow.

Here's some advice to those looking for excitement. Alan Rindlisbacher, with Layton Construction, said, "Stay home. Stay home. Yeah, there's nothing much exciting. For us in the construction industry, this is an exciting move because we are finally seeing some action after months and months of preparation, but it is literally inches at a time."

The building rose nearly 12 inches off its foundation yesterday and today. An earlier attempt to lift the building was cut short when cracks appeared and the building had to be shored up.

[Orpheum]

Originally Posted by urbanboy

I know Silus Grok! LOL

me too

[delts145]

New Chapter for Trolley - Mall will re-emerge with new face in November as other revamp work continues

By Paul Beebe
The Salt Lake Tribune


Okland Construction employees Cary Davis, left, and Leo Newbold discuss the progress of construction at Trolley Square last week. (Jim Urquhart/The Salt Lake Tribune )

Modernization of the main building of the Trolley Square shopping mall should be finished around Nov. 1, in time for the start of the holiday shopping season.
The aged building, which began life as a trolley car barn in 1909, will also celebrate its 100th birthday about the same time, said Tom Bard, a principal of Portland, Ore.-based ScanlanKemperBard Cos., which bought Trolley Square two years ago.
On other fronts, a two-level underground parking garage is nearly complete. The garage will replace the old above-ground parking structure on the west end of Trolley Square.
After the new garage is opened in November, work will shift to the east side of the property, where a 53,000-square-foot Whole Foods grocery store will be constructed. It's set to open in two years.


Construction work continues at Trolley Square in Salt Lake City. Trolley Square is undergoing $60 million modernization project, much of which will be completed by Nov. 1. (Jim Urquhart/The Salt Lake Tribune )

"We haven't set the specific date [for the centennial celebration], but with things coming together with the completion of the garage and the starting of construction of Whole Foods, we will be announcing some festivities," Bard said.
Renovation of the Mission-style main building began in April 2007. One of the first orders of business was to make the 160,000-square-foot building less forbidding. A profusion of skylights installed in the roof allow more natural light to spread through the shadowy interior.
Service corridors that ended in scary cul-de-sacs with no exits were
eliminated, allowing shoppers to stroll easily through the building and giving tenants room to add more floor space.
The Pottery Barn, one of Trolley's anchor tenants, will double in size, to 22,000 square feet. Another anchor, Williams Sonoma, is increasing its space by 20 percent, to 8,000 square feet.
A glass-encased elevator under construction in the center court ended the need for an old escalator on the building's east end. New stairs were constructed on both the east and west ends.
On the west end of the upper floor, a large mechanical room was removed. Less-obvious seismic and electrical upgrades will ensure the life of the building for years, Bard said. Some of the natural light illuminates brick pavers on the ground floor whose hues had been dulled by decades of wax applications.
"It is going to be fabulous when it's finished, and I think they are really going to attract a lot of good stores," said Cathy Kirkpatrick, owner of The Secret Garden, a children's clothing store that has been in Trolley Square since 1998. "It's a very unique, historical place, and there are not many places like that."
The project has a $60 million budget, which will also fund construction of two new retail buildings and an expansion of the existing Restoration Hardware building on the north side of the Trolley Square property. Those projects will be finished next spring.
All three will be built atop the underground garage. A 7,000-square-foot building will be constructed on the south end of the garage. A 12,000-square-foot structure tacked onto the Restoration Hardware building will sit above the north end of the garage. In the middle will be a 15,000-square-foot structure.
The roof of the underground garage will serve as the floor of all three projects, Bard said.
Similarly, the Whole Foods building on the northeast corner of 500 South and 700 West will be the base of a parking structure, with two floors above the store.
"I just think what the new owners are doing is going to be so much better for shoppers," said mall manager Dawn Kotter, who has worked at Trolley Square since 1992 and seen its ups and downs.
The mall has 25 tenants. Many have moved to better or bigger locations from other parts of the main building.
It's unclear how many tenants will be at the mall next year, when all of the construction will be done, with the exception of Whole Foods, which should open in March 2010.

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[delts145]

Salt Lake City hub - Footwear steps in with fabled label -
Swiss Army cross logo assigned to Wenger line of casual shoes

Long list growing longer: 'Wenger' of Swiss Army fame chooses Salt Lake City as sales and distribution hub - Company aims to gear-up to 1,000 employees.

http://www.sltrib.com/business/ci_10456249


Swiss Army goes into footwear. This display shows off a sampling of the shoe models the Wenger Footwear company is marketing under the familiar Swiss Army cross logo. They include the Alps line, which is geared for outdoor performance, while the Chocolate is for a more casual outdoor lifestyle. The shoes will be distributed out of Utah. (Leah Hogsten/The Salt Lake Tribune)

The Genuine Swiss Army Knife's cross logo is nearly as famous universally as the Olympic rings.
...Salt Lake is one of the most strategic distribution points from the West Coast," said Travis Bott, Established Brand's director of business development. "There are major highways going in and out, and you have Salt Lake City International Airport, with its hubs for Federal Express and UPS."


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[T-Mac]

Hyatt at the Gateway






35 West Broadway Building

[delts145]

Yeahhhhh... T-Mac Pics!!! It's like when you know something cool is going to arrive in the mail.

[Viperlord]

Another ugly facade cover up....

I was searching through lease buildings downtown and ran across this...
Historic Grays building on 260 south main street. It would be great to remove the mask, and bring the old facade back to life.

http://showcase.costar.com/AppRoot.aspx?...rue#052ddf05-f17b-47a2-8d84-1c0cc22d9c84

[delts145]

Very cool Viper, Did you take those from an original photograph of what existed behind the mask?

[Viperlord]

Originally Posted by delts145

Very cool Viper, Did you take those from an original photograph of what existed behind the mask?

no, both of those photos were from the leasing agents website. They had one of the major points down as being a "historic renovation" option for the building. I'm not sure if that is the original facade, but I would imagine that if they were going to do a historic renovation of the building they would try to make it as much like the historic facade as possible. lol

[delts145]

Very good to hear that, I hope we'll see some movement on their restorations as soon as possible.
Anyone heard anything lately about the sale of the old Zim's store, and front reclad?

[Comrade]

Has this been talked about?

• Video Link

Video says it's located on 3800 South in DOWNTOWN Salt Lake.

Well 3800 S isn't really close to downtown, so either it isn't downtown, or they got the address wrong.

[arkhitektor]

From the surrounding environment shown in the video, it looks to be located at the Meadowbrook TRAX stop, at about 3800 S. West Temple: