Cottonwood Mall plans are alive, barely, as nearby stores languish
Retail » Holladay officials, developer insist there’s movement on long-delayed multi-use project.
By Vince Horiuchi
| The Salt Lake Tribune - First Published 6 hours ago • Updated 1 minute ago
http://www.sltrib.com/sltrib/money/55686543-79/mall-cottonwood-store-holladay.html.csp
...With foot traffic down in their stores and frustration building by the day, merchants big and small in shops that surround the long-stalled project have been waiting for any sign of movement. As another new year dawns, there’s still nothing concrete just yet, but Holladay city officials say they’re heartened by recent signals from the developer that things are finally moving forward, if only slowly...
...Amid all the disappointment, Holladay City Manager Randy Fitts is hopeful that another five years won’t go by before merchants, residents and others see progress made on the $550 million project, whose mixed-use features of retail shops, office space and condos would make it similar to The Gateway or the City Creek development in downtown Salt Lake City. The proposal calls for 617,000 square feet of stores, 226,000 square feet of office space and 614 residential units.
"The plan is still set in place," he said. "But the economy is still not solid enough," although things appear to no longer be stuck in place...
...A few months ago, Holladay city officials met with executives of Howard Hughes Corp., the Dallas-based retail and community development company that now owns the property and holds the key to its future. "We’re very encouraged with the things they are doing," Fitts said. "Plans are not sitting on the shelf. They are working on them.
"They are looking at an entertainment component with the movie theaters to anchor things — we don’t know who they are. But reports are that they are making progress on that. There have been conversations with some builders for the residential component."
A spokeswoman for Hughes contacted last week insisted that the project was moving forward, but she offered no details.
"We are actively working on the development," said the spokeswoman, who did not want to be identified. "We’re still very positive about it, but there is not a concrete timetable yet."...
.
Prev
Linear Mode
