Salt Lake City: Official Development News Thread - Part 3

[asies1981]

Post on the Hope Lodge demo has finished and construction is underway.

[EPdesign]

Originally Posted by Viperlord

https://aca.slcgov.com/Citizen/Cap/CapDe...72&agencyCode=SLCREF&IsToShowInspection=

Record PLNTSD2014-00486
Transit Station Development

Project Description:
The Lofts at Gateway

Need to contact applicant for electronic version of plans. This is a proposal for a 432 residential unit and some commercial space development

411 W 300 N
Salt Lake City UT 84103-1117

Owner:
SLHNET INVESTMENTS LC
48 W MARKET ST #250
SALT LAKE CITY UT 84101-2138


I googled the address of 48 W Market St. #250.... it took me to the Market Street Grill.... So this project is most likely owned by the Gastronomy Inc. I wonder if the residential unit count is correct?


on another side note.... i did some digging and found this from a CDA study for the North Temple viaduct back in 2009.....

"The Project Area’s tax increment projections are crafted conservatively to reflect the increased
values from modest annual appreciation in the area and only two specific development projects
under consideration. Based on discussions with SLHNET, a major property owner and developer
in the area, the projections assume SLHNET’s completion in 2014 of a $65 million office
building and completion in 2016 of a $35 million residential development."

http://www.slcinfobase.com/CouncilArchives/agendas/2009agendas/Dec8/120809A3G3.pdf

Going over this again. There are 426 condos in CCC. Not including the apartments. 432 is crazy big

[airhero]

This is from the planning document. Sorry if it's kind of small, but it looks like they do actually intend to build 432 units spread out between 2 4 story buildings.

[EPdesign]

Double post

[EPdesign]

Originally Posted by airhero

This is from the planning document. Sorry if it's kind of small, but it looks like they do actually intend to build 432 units spread out between 2 4 story buildings.

Right on. So it would be like taking The Bridges and Citifront apartments.



and placing them on that site. I didn't know how much parking is needed. this. Just for visual purposes.



with large usage of land like this including the other project..."Alta Gateway," will make for the eventual need for higher residential buildings.

[SLC Projects]

Too many lame ass 3-4 story buildings.

[stayinginformed]

Originally Posted by SLC Projects

Too many lame ass 3-4 story buildings.

It is a hell of a lot taller than an empty gravel lot. I think 4 stories is good for this location. The more empty lots get filled the sooner developers will have to go taller.

[EPdesign]

Originally Posted by stayinginformed

It is a hell of a lot taller than an empty gravel lot. I think 4 stories is good for this location. The more empty lots get filled the sooner developers will have to go taller.

I have to agree. Density for that area most likely wont see the addition of residential mid-rises until most of the land has been used. I know that these large foot print projects are not ideal for Architectural diversity or the feeling of more urban areas with different buildings, but it doesn't change the fact that these are the projects being proposed, and being developed. I know that smart planning would not advocate these types of projects, but the developers see and opportunity in the form of large amounts of land, that can be developed without having to go higher.

I still think this is better than nothing

[SLC Projects]

Originally Posted by stayinginformed

It is a hell of a lot taller than an empty gravel lot. I think 4 stories is good for this location. The more empty lots get filled the sooner developers will have to go taller.

Yes it is better then nothing. But it's a bit disappointing that a development that's going to have over 400 Units is only going to = into a three and four story buildings that really belong in South Jordan. I just grown tired of some of these lackluster developments in the downtown area that could be just a little bit taller. Hell, even the parking garage is going to be taller. I'm not asking for a skyscraper for that area. But would like to see more buildings in the 6-12 story range.

Other cities get these.......




while we get these.....

[jedikermit]

But it's all bringing more people downtown, and building a critical mass of people so we DO get taller, bigger buildings. If we build tall pretty buildings, but they're empty, and our downtown neighborhoods and restaurants and bars and stores are dead after about 6 PM, it doesn't do a lot for the city. We are getting buildings like those you showed above, but along the 400 South corridor, on 200 East, on 500 South, etc.

Where there are big stretches of open, nearly-blighted land, I'm fine with 4 story buildings going up. I hope the design is friendly, welcoming, and thoughtful...but I'm not counting on it. It'll bring more people to the Marmalade area, hopefully bringing customers for the new library, demand for grocery stores and restaurants and services in that area, which are lacking. People are moving downtown for the first time in 50 years. It'll take time to catch up to the cities that have population centers that warrant taller, prettier buildings.

[Orlando]

Originally Posted by SLC Projects

Why does everything have to be a race? Surly there's enough demand right now for TWO class A office towers.

And, how do you know that? facts? reports? or is this just a hunch, etc., etc.? After Wells Fargo/American Stores highrise was built in '97, the next office highrise to built in downtown was 222, which was built 13 years later. So, to think that we can all of a sudden build two new office highrises 5 years later is quite an assumption, unless you have some cold hard facts.

[StevenF]

Originally Posted by Orlando

And, how do you know that? facts? reports? or is this just a hunch, etc., etc.? After Wells Fargo/American Stores highrise was built in '97, the next office highrise to built in downtown was 222, which was built 13 years later. So, to think that we can all of a sudden build two new office highrises 5 years later is quite an assumption, unless you have some cold hard facts.

I have no facts but I do have HOPE. Though think about American Stores that after being sold to Albersons it left the building pretty much empty for years and that loss of 600,000sf of space being almost full set the construction of 222 back many years. Then we hit a recession and set things back even farther. 222 was to be built very soon after the American Stores building was finished so the chances of having 2 buildings built close together isn't impossible. Utah has one of the best economies in the USA right now so who knows.

As I said I only have hope and think there could be enough demand for both 111 and 151.

[CofIKid]

Originally Posted by Orlando

And, how do you know that? facts? reports? or is this just a hunch, etc., etc.? After Wells Fargo/American Stores highrise was built in '97, the next office highrise to built in downtown was 222, which was built 13 years later. So, to think that we can all of a sudden build two new office highrises 5 years later is quite an assumption, unless you have some cold hard facts.

There is also no proof that these two separate developers are not going to build their towers if one rises before the other. Salt Lake City is a much different place than it has been in the past few decades.

Boyer has already almost cometly filled the "102 Tower." It would seem that they have plenty of clients waiting for new office space.

[SLC Projects]

Originally Posted by Orlando

And, how do you know that? facts? reports? or is this just a hunch, etc., etc.? After Wells Fargo/American Stores highrise was built in '97, the next office highrise to built in downtown was 222, which was built 13 years later. So, to think that we can all of a sudden build two new office highrises 5 years later is quite an assumption, unless you have some cold hard facts.

True. A few things that cause a "tower drought" for Downtown Salt Lake....
1. As you already said, American Stores was sold and moved to Boise, leaving us with a near empty 450,000+ SF building.
2. 9-11 happened that killed our economy for years to come.
3. Much like how City Creek Center is the hot spot to be right now, the Gateway Mall was back in the day and there was still business willing to move their companies downtown, but to the West Side, and not Main Street. Hence the little boom of mid-rise office buildings all over the Gateway.....
Gateway I
Gateway II
Gateway III
Gateway IV
Gateway V
and not to long ago.....Gateway VI

Even during those "13 years" there has been at least two office tower proposals.....
1. Zion Social Hall Center 34-stories 450+FT
http://forums.cgarchitect.com/uploads/gallery/74/1596712483.jpg

2. The original 222 South Main
http://www.hamiltonpartners.com/images/office/BuildingPhotos/222_S_Main_color.jpg
(There's one that's even older then this rendering that shows a model of a 29-story tower with Condos on top that would of made 222 South Main the tallest.

As you know, Zions Social Hall never happen but there's still hope with Tower 8 as being on that same site. And as for 222 South Main, Bruce Bingham who was with Hamilton Partners has always stated that it was just a matter of "when" not "if" of when they could move forward with 222.

Point is, the market for office space for downtown is a lot hotter now then it was ten years ago. I keep reading everywhere that Salt Lake has one of the hottest business market in the country.

[Old&New]

Footage of Japan Town:

• Video Link

[EPdesign]

Wells fargo/american stores was completed and Gateway tower west/key bank tower was completed in 1998. Those two were pretty closely built

[Old&New]

CCH on RWP:

[gusam26]

time lapse of the construction of the federal courthouse.
https://www.youtube.com/watch?v=CxjkRKnYqTI

[Merewether]

Originally Posted by stayinginformed

It is a hell of a lot taller than an empty gravel lot. I think 4 stories is good for this location. The more empty lots get filled the sooner developers will have to go taller.

Another advantage of this lot getting developed is that it provides activity near the North Temple FrontRunner station. Based on the exposed feeling one currently has there in broad daylight, I would suspect platform is spooky at dawn, dusk or night.

[SLC Projects]

Hearing that RSL will make some kind of a announcement today about their plans towards developing a new 6,000 seat stadium for the fairgrounds and bringing in a USL PRO team here.