Salt Lake City: Official Development News Thread - Part 4 - Page 379

Future Mayor · #**7561** Posted **Sep 28, 2016, 2:48 PM**

The affordable housing subsidies are not what raises rents, a shortage of units is what raises rents. It's called basic supply and demand. A building owner could have zero affordable units and they will price their units to meet whatever the demand in the market is. The majority of any new development isn't going to have drastically different rental rates if they have zero or 20% affordable units. The aren't losing money by renting out affordable units. They don't get that money in monthly rents, but they get that money in tax breaks, every year. Rent prices in Salt Lake City are skyrocketing because there is a huge desire to live in the city and there is a shortage of units, not because a few affordable units are being added to a few buildings. An as a note, the city hasn't initiated a required affordable unit in all new construction, they are considering it, but it hasn't been included. They are encouraging it, but they have not teeth, except in the Paperbox case, where the city is giving the property to the developer in order to achieve the goal of more affordable housing.

Cowboy has been including affordable units in most of their developments for years, the market rate units aren't any higher than full market rate buildings. My assumption is that they do it for a couple of reasons, 1) there is a market for affordable units, and always will be resulting in there always being a need for their units 2) because it makes financial sense because they get the Low Income Housing Tax Credits every year.

linguisize · #**7562** Posted **Sep 28, 2016, 3:21 PM**

Quote:

Originally Posted by Viperlord

144 S 500 E
Salt Lake City UT 841111907

Fifth East Mixed-Use Planned Development
Planned development request for new mixed-use building including commercial and residential at 144-148 S. 500 E.

renderings at the link below:

https://aca.slcgov.com/Citizen/Cap/CapDe...58&agencyCode=SLCREF&IsToShowInspection=

Oh thank god. Viperlord Updates. These endless non development conversations have been killing me.

I like this one, it's shaking things up a bit and isn't trying to have the massing of a Super Walmart. I also love that the Denver Street apartments are actually completely within the center of a block, this city has so much space that goes unused in the center of our blocks.

Future Mayor · #**7563** Posted **Sep 28, 2016, 3:31 PM**

Quote:

Originally Posted by linguisize

Oh thank god. Viperlord Updates. These endless non development conversations have been killing me.

I like this one, it's shaking things up a bit and isn't trying to have the massing of a Super Walmart. I also love that the Denver Street apartments are actually completely within the center of a block, this city has so much space that goes unused in the center of our blocks.

I agree on all accounts, development discussion, and E Downtown providing retail space on the main floor and not being the size of a big box, and I too love that a midblock street is getting some redevelopment, activating the middle of our blocks.

ThePusherMan · #**7564** Posted **Sep 28, 2016, 5:22 PM**

Quote:

Originally Posted by Viperlord

144 S 500 E
Salt Lake City UT 841111907

Fifth East Mixed-Use Planned Development
Planned development request for new mixed-use building including commercial and residential at 144-148 S. 500 E.

renderings at the link below:

https://aca.slcgov.com/Citizen/Cap/CapDe...58&agencyCode=SLCREF&IsToShowInspection=

Can someone please post these renderings. For whatever reason I can never see them in the attached files.

JMK · #**7565** Posted **Sep 28, 2016, 5:52 PM**

5th East Apartments

ThePusherMan · #**7566** Posted **Sep 28, 2016, 7:50 PM**

Thanks! Does anyone else get a 404 message on those attachments? I can't see the Denver street renderings either...

ctobsl · #**7567** Posted **Sep 28, 2016, 9:45 PM**

Quote:

Originally Posted by ThePusherMan

Thanks! Does anyone else get a 404 message on those attachments? I can't see the Denver street renderings either...

It looks similar to the 500 East.
I will try and post it.

https://i.gyazo.com/35844d517ed8594ade2419c97b2683d1.png

delts145 · #**7568** Posted **Sep 29, 2016, 1:12 PM**

I like the front design mix on 500 E. Pretty cool setup. I think it will have a lot of interesting street appeal.

asies1981 · #**7569** Posted **Sep 30, 2016, 1:01 AM**

Construction is underway on a two-story mixed-use building near 9th and 9th. It is by the same developers of the new two-story building at 700 East/900 South.

Old&New · #**7570** Posted **Sep 30, 2016, 1:27 AM**

I think it would be nice if the LaSalle Group came up with a proposal like this, as to not disturb the existing grand entrance into the Pantages Theater:

s.p.hansen · #**7571** Posted **Sep 30, 2016, 6:03 AM**

I had the opportunity to appreciate something that is becoming rare in the Central City, a large parking lot bordering other parking lots. I heard recently that urban ecologists are changing these parking lots' status to vulnerable for the Central City. Apparently hack developers are displacing these parking lots for apartment projects with giant footprints and weak ass height that barely raise the needle toward a more urban life. The lack of design, detailing and complexity of this new invasive species make the ecologists wonder if the developers paid for the "architects" to spend more than 2 hours on Google sketch up.

That evolving skyline tho. <3

Wasatch Wasteland · #**7572** Posted **Sep 30, 2016, 6:44 AM**

How official or unofficiall are the future plans for the pantages theatre? Can't find much info on it other than its history.

delts145 · #**7573** Posted **Sep 30, 2016, 2:31 PM**

^^^
Another question along that topic? Is it official that the multi-national and very deep pocketed firm previously discussed has actually purchased the Utah Pantages Theatre for their development plans? I seem to remember there was discussion of their keen interest and plans to review feasibility of a Theatre restoration, coupled with a Hotel/Residential Tower??

Regarding the restoration of the Theatre's entry. Frankly, that long, low slung entry hall is not my favorite feature of the Theatre. I work often in some of the many grand theatres of Downtown Los Angeles. Among their many assets, they are often used to create sets depicting the opulence of a French Palace, or some such European period piece. The Salt Lake Theatre stage area is very impressive and compares well with L.A's grandest, but the entry hall tells me that they were very constrained budget wise, when it came to a grand entry right off the street. A truly grand open entry was the norm, and what one would expect when entering a typical movie palace here in Los Angeles. I would rather see them get rid of all of that junk space surrounding the hall way, and open it up. Using of course the same features of the original(replicated), which are much more open and far grander, but further into the interior. This for a truly grand lobby.

linguisize · #**7574** Posted **Sep 30, 2016, 4:37 PM**

Quote:

Originally Posted by Old&New

I think it would be nice if the LaSalle Group came up with a proposal like this, as to not disturb the existing grand entrance into the Pantages Theater:

Link doesn't seem to be working. Just FYI

DCRes · #**7575** Posted **Sep 30, 2016, 4:48 PM**

Quote:

Originally Posted by Future Mayor

There is equipment on site and it appears that the old storage units are vacant and ready for demolition on the AC Hotel and Apartment site. That is great news for the area. With the Paragon Station, Paperbox, and AC this will be some great new development and addition of residential to this area. Now if we could just get RWP redeveloped already.

Demolition is in full swing, starting with the buildings on the west side. These were taken on my drive home last evening.

[IMG]

by , on Flickr[/IMG]

[[IMG]

by , on Flickr[/IMG]

DCRes · #**7576** Posted **Sep 30, 2016, 4:49 PM**

From last weekend

[IMG]

by , on Flickr[/IMG]

TonyAnderson · #**7577** Posted **Sep 30, 2016, 8:31 PM**

Quote:

Originally Posted by s.p.hansen

That evolving skyline tho. <3

Agreed. Maverik has really changed the SLC skyline. Kudos to them.

Really though, loving all the new glass.

SL,UT · #**7578** Posted **Sep 30, 2016, 9:27 PM**

If the Jazz were actually a good team, then I could see the justification for an upgrade. But they stink! Any Amount of reno money for the Delta Center can't hide the fact that the Jazz SUCK!!!!

And for them to ask the RDA of SLC to give them back 40 percent of new property taxes or $22M is completely asinine and a slap in the face to tax payers. The arena will provide incentives to businesses regardless of an update to the building, and a renovation of this size SHOULD NOT involve any taxpayer money. The 1.8B rebuild of the airport doesn't use a dime of tax money. This arena upgrade shouldn't either.

asies1981 · #**7579** Posted **Sep 30, 2016, 10:39 PM**

Construction has started on a net-zero residential development in Liberty Wells.

Old&New · #**7580** Posted **Sep 30, 2016, 10:42 PM**

Quote:

Originally Posted by linguisize

Link doesn't seem to be working. Just FYI

Is this better?

Again, I think it would be nice if the LaSalle Group came up with a proposal like this, as to not disturb the existing grand entrance into the Pantages Theater: