Salt Lake City: Official Development News Thread - Part 3

[jedikermit]

^^^

I'm especially fine with PR developing it if it frees up HP to build another tower sooner rather than later.

[utenation]

I found some interesting inside discussion from our representitives and opposition leaders on the CCH HB 356.

http://utahpoliticalcapitol.com/2014/02/...-hotels-convention-center-bill-advances/

[ajiuO]

Originally Posted by Future Mayor

I'd like some proof on this "Tricky shit" by LHM claimed by Cinemark could simply be bad blood that they weren't awarded the contract, and the new guy on the block was. It could also be that Boyer preferred to go with a local company. Please give details on this so called "tricky shit" otherwise you're simply spreading a rumor.

From my understanding... Larry H Miller paid a huge sum of money to get first run operational rights in the area... This prohibited a lot of smaller theater operators from being able to acquire first-run films within a certain radius... Century Theaters originally had the contract.. Larry H Miller raised questions with Their ability to be able to run first-run films.. Because of the deal that they had made... So Larry H Miller cut a deal with Boyer to pay out contract termination fins to Century.. And then they took over the project.... They also used this deal to shut out trolley corners.. That part of the whole thing is very well-documented... As it caused them to go out of business..

Since that time Cinemark has acquired Century theaters... And Cinemark being one of the exclusions from Larry H Miller's deal.. Is able to make a downtown location possible

I believe that AMC is also excluded from that deal...


On a side note... I can almost guarantee you that either Cinemark or AMC will own Megaplex within the next 15 years... They are both expanding and buying out smaller chains... They have ties to the movie studios... And they're using their power to do exactly what H Miller did around here... What goes around comes around

[delts145]

Wow, a lot of great news in the last couple of pages. I for one am very excited that Hamilton pulled out of the 111 Project. I'm a Hamilton fan, so of course I'm thinking this only means they're preparing for another major tower in downtown Salt Lake. Could very well be that Goldman Sachs is moving forward with something major. I think that Hamilton, Property Reserve and Boyer are all quickly trying to catch up with the hot market that downtown Salt Lake City is now becoming. Some of you read this as the LDS Church rescuing a project. I think that couldn't be further from the truth. In reality, attractive opportunities are expanding and local developers like Hamilton and Boyer are repositioning, rethinking and actually expanding their original plans. I'm sure that Property Reserve was only too happy to take over on 111, as their own needs are growing faster than anticipated downtown.

There is really no reason to be anything but positive about the speed of coming development in downtown Salt lake. I mean, there has been nothing but an acceleration of everything, not a slowing down.

SLC2GeorgetownU, Love the Marriott in Lexington and the Austonian as design examples for the coming CCH. Either one would be a great addition to the Salt Lake Skyline. I agree that Salt Lake needs a few rounded, curvy designs added to it's overall look.

Originally Posted by SLC2GeorgetownU

I think something like the original design of the Centrepoint Marriott in lexington would be ideal for our CCH and new tallest, I also LOVE LOVE the Austonian tower in Austin, TX.....so tasteful!!

.

[SL,UT]

Originally Posted by ajiuO

What exactly is the problem with the LDS church constructing an office tower and leasing out space????

They actually have exquisite taste and very high construction standards.. Have you been to City creek center or inside the conference center??? Both facilities have elements that are architecturally breathtaking... Also have you seen the extents that they're going to with the tabernacle in Provo... The LDS church has a quality of construction that most people lack nowadays... You should feel privileged to have them developing here. They can build anything they want as far as I'm concerned.. And I'm saying this is an atheist.

Other than the fact that City Creek center is closed on Sunday... There is nothing to differentiate it from other malls... Well other than how good it looks... Chill out people!!! Jezz

All your tithing money at work.....

[scottharding]

I have no problem with the LDS church developing the tower, all I was saying is that I don't like the idea of such a massive percentage of downtown being owned and used by a single developer. I'm glad the Tower is being built, and I hope you're all right about Hamilton backing out because they have bigger plans, but that really sounds like wishful thinking to me. As long as we're speculating, I think it's just as likely that Hamilton saw Boyer's plans, and figured the market was about to be saturated by new office space, and saw an out.

And for those of you who were excited about the idea of the church building a second Church Headquarters Tower, my assumption is that this kills that idea.

[Old&New]

Originally Posted by ajiuO

What exactly is the problem with the LDS church constructing an office tower and leasing out space????

They actually have exquisite taste and very high construction standards.. Have you been to City creek center or inside the conference center??? Both facilities have elements that are architecturally breathtaking... Also have you seen the extents that they're going to with the tabernacle in Provo... The LDS church has a quality of construction that most people lack nowadays... You should feel privileged to have them developing here. They can build anything they want as far as I'm concerned.. And I'm saying this is an atheist.

Other than the fact that City Creek center is closed on Sunday... There is nothing to differentiate it from other malls... Well other than how good it looks... Chill out people!!! Jezz

It's a church. Perhaps you've just lived in Utah so long that you've become complacent about something so unethical and wrong.

[CountyLemonade]

Okay so this thread has once more become a rabid, vitriolic circus. Can we, like, get some moderation on here for once?

[Plaid Shirts]

Originally Posted by CountyLemonade

Okay so this thread has once more become a rabid, vitriolic circus. Can we, like, get some moderation on here for once?

I don't think it's getting out of control in any way. People are just stating their opinions. There are no personal shots be taken towards others. People here just have a passion and strong opinions on the city. It's a good thing we can have this open discussion.

[EPdesign]

Originally Posted by Viperlord

https://aca.slcgov.com/Citizen/Cap/CapDe...10&agencyCode=SLCREF&IsToShowInspection=

Record
BLD2014-01258
Commercial Building Permit

150 S 200 E
Salt Lake City

Project Description:
Liberty Crest apartments

177 unit apartment building and 234 stall parking structure

Owner:
Liberty Crest Associates, LC
6440 South Wasatch Blvd - Suite 100
SALT LAKE CITY
United States

I posted it a while back...and somebody posted it way before me...I can't even remember the designers names or the forumer that posted it...I think this was just a concept of what they had in mind. You can see the Building that use to be the Questar building in the back

[Future Mayor]

Originally Posted by SL,UT

All your tithing money at work.....

Originally Posted by Old&New

It's a church. Perhaps you've just lived in Utah so long that you've become complacent about something so unethical and wrong.

City Creek Reserve is a for profit company that is owned by the LDS church, all transactions that City Creek Reserve engages in are taxed just as any other business is taxed. Property Reserve is funded by it's own business entities, such as City Creek Center, other parking garages, etc. Tithing money isn't used to fund the 111 tower, tithing money wasn't used to fund CCC.

The non profit LDS church builds temples, chapels and funds charitable donations around the world.

City Creek Reserve, Property Reserve, Bonneville Communications(KSL, Deseret News), etc. are all for profit entities that pay taxes on all their properties and profits.


So here's the simple version. 111 will be financed by Property Reserve (no tithing money will be involved), and the property taxes on the building will be exactly the same as if Hamilton was still developing 111.

[SLC Projects]

All the anti Mormons bitter forumers coming out of the wood works once again when ever we learn about a building being develop by a company that is owned by the church.
People bitch and whine about how Utah is "too Mormon" is about as silly as somebody living in Rome whining because there's too many Catholics in Rome. Really why live here then if you truly hate Mormons so much that you'd almost have to go out of your to find something to whine about?

[SLC Projects]

Originally Posted by SL,UT

All your tithing money at work.....

Not true

[ToysNoiz]

So today on a social media app, this fellow Salt Laker was upset about "The Mormons tearing down a beautiful building for another church development." Informed on what is really happening, I let her know that it's not going to be a church building, and that Hamilton Partners was developing it up until about 2 days ago. That the church is only building it now.

She then said that she "Guarantees that it will turn into some kind of church development, "Whether it's an office building or an add on to City Creek." Once again, I corrected her, adding that the church may lease some floors, that it can't become a church building, and that the church has done a lot of good for the development of downtown, pointing out the City Creek Center and condos.

I also let her know that I'm not sticking up for the church because I'm LDS, that in fact, I'm an atheist, and I just want her to understand what is really happening before she and her friends go off on how the church is this big, bad, boss in downtown SLC.
Which I say is what some of you think about the church. I say this in the most respectful way possible.

I'm totally cool with the church developing 111, and I hope that they can do more good. I just want the church to stay out of politics.

But, most likely because she disagreed with me, she deleted everything I said and thanked me for wasting my time. :/

[Scraperdude801]

Originally Posted by EPdesign

I posted it a while back...and somebody posted it way before me...I can't even remember the designers names or the forumer that posted it...I think this was just a concept of what they had in mind. You can see the Building that use to be the Questar building in the back

Yes, this was the building I was talking to Jedikermit about. I went through almost 100 pages in this thread and still didn't find it. Thank you for posting!

So is this rendering still the what's going in at 150 s 200 e?

[Future Mayor]

Originally Posted by ToysNoiz

But, most likely because she disagreed with me, she deleted everything I said and thanked me for wasting my time. :/

That's because you were showing everyone else that she was completely uninformed and she obviously likes living in ignorance.

[Hatumai_XL]

For those who had not yet seen, Greg Miller be on Undercover Boss tonight at 7:00. Hopefully we can get some good, updated shot of Salt Lake

[ajiuO]

Originally Posted by Future Mayor

This I agree with 100%. I don't see why a few people are all up in arms about Property Reserve developing 111. Like you said CCC is beautiful, built well with fantastic finishing elements. Some people act like it would be horrible to have the developers of 99 West and The Regent build another tower.

I just wish they would so something with all the empty land they have between north and south temple... Do you think they are waiting to see if we win the Olympic bid and it might need to be used for that again?

[Future Mayor]

Originally Posted by ajiuO

I just wish they would so something with all the empty land they have between north and south temple... Do you think they are waiting to see if we win the Olympic bid and it might need to be used for that again?

There plans for the former medals plaza block is a future campus for both LDS Business College and BYU Salt Lake. If that is still the plan I'm guessing maybe once either or both of those institutions out grow their Triad Center space that they will look to develop that land.

[Plaid Shirts]

Originally Posted by Hatumai_XL

For those who had not yet seen, Greg Miller be on Undercover Boss tonight at 7:00. Hopefully we can get some good, updated shot of Salt Lake

Nobody cares...Jazz suck anyways.

Go Spurs!