Salt Lake City: Official Development News Thread - Part 4

[msbutah]

Here's what remains of the facade of the front. Windows all smashed out and an awful burned smell. Not sure the extent of the damage but it was a 4 alarm fire so pretty big at one point.

[ryerop]

Thanks Comrade, I felt like I was wrong, but wasn't sure either way. And by the picture msbutah posted, and like he mentioned about the 4 alarm fire part, it looks pretty bad from the outside. It will be interesting to see what happens with that spot now with everything else going on around downtown, it is going to have something either replacing it or being fixed up sooner than later hopefully.

[asies1981]

Photo update of the Liberty Crest Apartments. This project has a strong visual presence on 200 South, really fills in the block.

[Future Mayor]

I agree, it really fills in the "Missing Teeth" to the urban fabric of that street, but does so without creating one massive wall along the entire frontage. Now if the NW corner of 1st S and 2nd E and the lot on the SW corner of 2nd and 2nd could be developed with a little bit of height, that section of the city would have a pretty complete look to it (even in spite of the nasty beige wall that is Century Link.

[Marvland]

Big day for a gaggle of Utah bars. Four licenses released this morning, which is unheard of. Gladly grabbed summer seasonal for mine as well. Interesting thing is that three of them were released due to population growth calculations from the governors office and only one due to seizure. Glad to see some positive population numbers for many reasons not the least of which is the bar license situation.

"The waiting list for bar licenses in Utah dropped from 11 to six on Tuesday thanks to population increases, a bar closure and changes made by the Utah Legislature.

The Department of Alcoholic Beverage Control's liquor commission gave coveted club licenses to The Fallout, Proper Brewing Co. and East Liberty Tap House — all in Salt Lake City — and the new High West Distillery in Wanship. Three of the licenses were available because of a population increase, the fourth was available because a bar closed.

++++++

Now the list of club applicants is down to six. Three of those applicants — Josephine's in Kamas, Water Witch Bar in Salt Lake City and Strap Tank Brewing in Springville — have "summer seasonal" club licenses, which allow them to operate as a bar between May 1-Oct. 31. Applicants usually take the summer license in the hopes that a full license will become available before November."

http://www.sltrib.com/news/3718157-155/wait-list-for-utah-bar-licenses

[s.p.hansen]

Originally Posted by Marvland

Big day for a gaggle of Utah bars. Four licenses released this morning, which is unheard of. Gladly grabbed summer seasonal for mine as well. Interesting thing is that three of them were released due to population growth calculations from the governors office and only one due to seizure. Glad to see some positive population numbers for many reasons not the least of which is the bar license situation.

"The waiting list for bar licenses in Utah dropped from 11 to six on Tuesday thanks to population increases, a bar closure and changes made by the Utah Legislature.

The Department of Alcoholic Beverage Control's liquor commission gave coveted club licenses to The Fallout, Proper Brewing Co. and East Liberty Tap House — all in Salt Lake City — and the new High West Distillery in Wanship. Three of the licenses were available because of a population increase, the fourth was available because a bar closed.

++++++

Now the list of club applicants is down to six. Three of those applicants — Josephine's in Kamas, Water Witch Bar in Salt Lake City and Strap Tank Brewing in Springville — have "summer seasonal" club licenses, which allow them to operate as a bar between May 1-Oct. 31. Applicants usually take the summer license in the hopes that a full license will become available before November."

http://www.sltrib.com/news/3718157-155/wait-list-for-utah-bar-licenses

That's great news.

[GBurrow]

They have started adding the lobby windows to 111 S. Main. They have also cut some of the wall away on the west facing side of the small building at Regent St. Preparation has began on the Parking structure for parts of the new facade. Brackets have been places all along the northwest corner.

The Alta Gateway apartments have begun framing, with wood framing up to the second floor in some areas and steel framing rising on the northeast corner.

Excavation is continuing at the Hardware building. I was actually pretty surprised to see how much work was completed on the parking lot. I just figured they would remove the parking lot, but it appears that they are digging for the underground parking.

The "Maverick" building on 200 S State St. now has signs on it. Remodeling of the lobby is well underway. Demolition has also started on the small overhang north of that building. Not sure what it was for, but it is where the new 151 tower will be.

[airhero]

Originally Posted by GBurrow

Excavation is continuing at the Hardware building. I was actually pretty surprised to see how much work was completed on the parking lot. I just figured they would remove the parking lot, but it appears that they are digging for the underground parking.

Interesting. I didn't know you could full-on excavate without a building permit (I'm fairly unknowledgeable though). These Hardware Station guys aren't wasting any time.

[UTPlanner]

You cannot begin excavation without a permit. They have applied for a site development permit. It allows you to begin excavating but no actual construction. This is the same permit that Wasatch has obtained for their 616 Apartments project on State Street and 600 South. Both project have their full plans in for review and are just hoping to jump the — a bit. I'm actually pretty excited about the Hardware Village project. The name makes me think of Pioneer Village at Lagoon but nevertheless I think it will really make a substantial impact on that part of the city. The other project that I'm really looking forward to is the AC hotel and accompanying apartment project. Both of these projects add significant density and activity to neighborhoods that desperately need it.

[DCRes]

Originally Posted by UTPlanner

You cannot begin excavation without a permit. They have applied for a site development permit. It allows you to begin excavating but no actual construction. This is the same permit that Wasatch has obtained for their 616 Apartments project on State Street and 600 South. Both project have their full plans in for review and are just hoping to jump the — a bit. I'm actually pretty excited about the Hardware Village project. The name makes me think of Pioneer Village at Lagoon but nevertheless I think it will really make a substantial impact on that part of the city. The other project that I'm really looking forward to is the AC hotel and accompanying apartment project. Both of these projects add significant density and activity to neighborhoods that desperately need it.

UTPlanner, you have mentioned a few times that you don't believe that all the hotels proposed will be able to be built and the other day you said that you feared that those without big name brands behind them might not make it. Are you referring to the Regent hotel?

[DCRes]

Originally Posted by asies1981

Photo update of the Liberty Crest Apartments. This project has a strong visual presence on 200 South, really fills in the block.

I didn't realize before that there would be ground floor townhomes facing the street. I like that.

[UTPlanner]

DCRes, I was not referring to any specific project when I said that. However, any hotel with a large chain behind it such as Marriott or Hilton will be much easier to finance. They have a proven record behind them and most groups that build them have already franchised a number of other hotels. All of these hotel proposals in a small market like SLC will make financiers nervous about funding projects. Having said that I really like the Regent Street Hotel project, I have no indication that it will not move forward and certainly wish them the best.

[Future Mayor]

Originally Posted by DCRes

I didn't realize before that there would be ground floor townhomes facing the street. I like that.

I actually didn't realize that either. I like it. More sidewalk engagement points.

[Ironweed]

Are there any updates whatsoever on the CCH deal?

Is the AC hotel the supposed "Air Center" hotel, or was that the one that was to go on the south end of Regent Street?

[UTPlanner]

Ironweed, the AC hotel is neither hotel you mentioned. AC is a new Marriott brand hotel. There is a proposal to construct the project at 200 South and 200 West.

[Ironweed]

UtPlanner. Thanks for the clarification.

Would you know if the Regent Hotel is still viable? Do you also have any information on the barely started fiasco on State Street? (Right across from Marriott.)

Thanks again.

[asies1981]

A sampling of what $1000 rent gets you in Salt Lake. UtPlanner is right, the AC hotel looks like a sure thing.

[s.p.hansen]

New Youth Homeless Shelter Opens Soon

888 South 400 West. The shelter will be for youths 15-22 and will separate them for the larger more dangerous homeless shelter. The shelter aims to be able to help 800 youths a year.


http://www.ksl.com/?nid=148&sid=39117790

[s.p.hansen]

.

[s.p.hansen]

Originally Posted by asies1981

A sampling of what $1000 rent gets you in Salt Lake. UtPlanner is right, the AC hotel looks like a sure thing.

It's funny you posted that because I was doing some apartment comparisons last night too. I'm seriously considering moving to the 4th West apartments when they open late this summer; they seem like they have the best amenities and the location for transit is awesome. Anyway, they haven't posted their rent rates yet so I decided to look at other properties ran by Greystar and compared their costs to the average cost in each city for a one bedroom. Salt Lake City's average seems really low compared to equivalent new units around town. What I found is that Greystar properties are kind of close to the average Google came up with for each city within $175 (except for Elan Union Station Apartments which are $700 above average!). Because Salt Lake City's average seems so low compared to all of these other averages, I think maybe we have a lot less apartment growth against these other cities; the demand is there but we just aren't building as many modern 1 bedroom apartments that could justify the higher price. Though I'm often shocked at how much the quality of an apartment drops when you look only a little cheaper than what's new.

With Greystar I noticed something interesting though, I noticed a pattern of recent transit oriented development and marketing mostly geared towards millennials.

Salt Lake City 4th West Apartments:
It's being built where the horsies used to live next to the North Temple light rail and FrontRunner station. Salt Lake City average 1 bed apartment rent: $839. This apartment's rent (guess) ~$1,100.






http://www.buildingsaltlake.com




Charlotte NC Gateway West Apartments:
The blue is the apartments and the red is the future intermodal hub and that rail line is supposed to one day have a parallel commuter line like FrontRunner. Charlotte average 1 bed apartment rent: $1,019 This apartment's rent: $1,170






Denver CO Elan Union Station Apartments:
The blue is the apartments and the red is Union Station commuter rail, light rail and buses; the greatest transit hub in the Western United States until San Francisco finishes the Transbay Terminal. Denver average 1 bed apartment rent: $1,256 This apartment's rent: $1,931






Denver CO 1000 S Broadway Apartments:
The blue is the apartments and the red is the light rail station not far from Union Station. Denver average 1 bed apartment rent: $1,256 This apartment's rent: $1,213




http://denverinfill.com/blog/


Portland OR Ella Apartments:
The blue is the area where the apartments will be and the red lines adjacent are thr light rail lines. The red line further in the distance is the base of the aerial tram. Portland average 1 bed apartment rent: $1,275 This apartment's rent: $1,450