Salt Lake City: Official Development News Thread - Part 4

[asies1981]

Originally Posted by wasatch07

Does anybody know what's being built next to the gold cross ambulance building?? (About 10th south and 200 west)

It is apartments, I'm trying to get renderings.

[asies1981]

Post on the Orange Apartments.

[asies1981]

Originally Posted by airhero

Liberty Boulevard is huge.

I like Bonneville. I wish it had ground floor retail, but its presence on 500 East isn't overwhelming. And it looks like the finishes will be true to the rendering, although the yellow isn't as bright:



Also, Isaac, you mentioned the Northwest Pipeline development in your article. Have you heard anything recent about it? I'm with Orlando in wondering if it's dead or dying. It's one of the best proposals we've seen.

It is alive and moving forward. I should have an update on the project on Thursday.

[SLCLvr]

Originally Posted by asies1981

It is alive and moving forward. I should have an update on the project on Thursday.

Form is giving an update to the Central City neighborhood council on the NW Pipeline building project this evening. Still looks like a great project. Historic preservation, supportive housing, new public spaces, new market rate apartments, creative style. Look forward to Isaac's report.

[Orlando]

So, I did a little research about the Northwest Pipeline project, and realized that Form Development is involved with that one and the Regent Street Hotel. I really like their vibe and the vision that they are pursuing, but I have serious doubts if they actually can get the capital to do this kind of work. I mean, who are they and what have they done so far? Do they have real credentials to really get these projects built?

[Future Mayor]

Originally Posted by Orlando

So, I did a little research about the Northwest Pipeline project, and realized that Form Development is involved with that one and the Regent Street Hotel. I really like their vibe and the vision that they are pursuing, but I have serious doubts if they actually can get the capital to do this kind of work. I mean, who are they and what have they done so far? Do they have real credentials to really get these projects built?

I am not an experienced developer, YET, but from my conversations with two of my mentors in October it boils down to a few basic principals. If the concept is solid, the market demand is backed by reliable numbers, and the financials pencil out, they will be able to find the right investment partners and they should be able to make the project work.

As I sat down to pick the brain of one of those mentors I was simply there to get some advice and how to move forward, but he was ready to see a full on presentation including market analysis, and to look over the numbers and was essentially ready to invest and help me get in touch with additional investors.

So if Form has the skills to put together a solid market analysis, and put together a rock solid pro-forma including all the tax credits available, they will be able to make the project happen. If the project(s) fail I would estimate that it isn't because of them, it's because they couldn't make the numbers pencil out to make investors feel comfortable.

IMO

[Stenar]

Originally Posted by Orlando

So, I did a little research about the Northwest Pipeline project, and realized that Form Development is involved with that one and the Regent Street Hotel. I really like their vibe and the vision that they are pursuing, but I have serious doubts if they actually can get the capital to do this kind of work. I mean, who are they and what have they done so far? Do they have real credentials to really get these projects built?

Form isn't doing the Northwest Pipeline project on their own, they're doing it in partnership with Cowboy Partners.

[mattreedah]

Originally Posted by UTPlanner

Unfortunately, the Marriott project is primarily stucco (EIFS) except for the ground floor and glazing. On a more positive note, it will occupy what is currently a parking lot and will not require any demolition. It will also improve and help to activate the existing public walkway from 200 South to Pierpont which many do not even know exists. I'm not sure that I think it's ugly but I certainly do not think it's attractive. It's a completely forgettable design.

To go from the Shilo Inn and a surface lot to the Holiday Inn and the Mariott Towneplace is a win

[linguisize]

Originally Posted by mattreedah

To go from the Shilo Inn and a surface lot to the Holiday Inn and the Mariott Towneplace is a win

Yup, it's absolutely a win. Just not the win we wanted! ha

[Viperlord]

Originally Posted by Viperlord

http://www.downtownrising.com/go/patrinely-building

https://aca.slcgov.com/Citizen/Cap/CapDe...91&agencyCode=SLCREF&IsToShowInspection=


PATRINELY BUILDING
600 South Main Street
Salt Lake City, UT 84111

PROJECT STATUS: Planned

CATEGORY: Office



This proposed development is led by the Patrinely Group. It would include over 1,800 parking spaces, in addition to a front yard and backyard park. Proposals also detail other things like a small dog park, space for a public market and even a restaurant.

I found out a bit more information regarding the Patrinely Group project.....

Project Description:
Block 22
Applicant is requesting to construct 2 office buildings and one parking garage.

that may explain one of the reasons why there are so many parking stalls within the parking garage, plus probably more parking for the grand & little america hotels. There is still no word yet on how much sq.ft. of office space will be developed per this development yet. Patrinely has a history of doing fairly large projects, so two office buildings and a large parking garage seems to follow their development pattern.

Office space parking ratios are anywhere between 2 stalls per 1,000 sq.ft. and 4 stalls per 1,000 sq.ft.

222 main is about in the 2 stalls per 1,000 sq.ft. range.
Wells Fargo Center is about 3 stalls per 1,000 sq.ft. range.

Offices in the suburbs like about 4 stalls per 1,000 sq.ft. range.


Also, I dont want to read too much into anything.... but I drove by the site of 151 State Street Tower yesterday during lunch, and the marketing wrap that they used to have on the fence advertising the 151 tower is no longer there. and It seems like boyer is in no rush to advertise this tower. You can't find any pre-leasing information or advertisement of it online...... Seems like Boyer is taking their sweet ole time.
Anyone else got any additional information or new updates on 151 Tower?

[Future Mayor]

Salt Lake City just released their 5 year affordable housing plan. I haven't had a chance to read it yet so no comments or opinions from me.

http://slcgov.com/hand

[asies1981]

Post on the updated plans for the Northwest Pipeline project (Violin School Commons).

[Utah_Dave]

Originally Posted by asies1981

Post on the updated plans for the Northwest Pipeline project (Violin School Commons).

So I hear and read a lot about a lot of tax credits for the builders and developers of all sort of downtown developments. Has anyone ever heard of a city providing a tax credit to the public that is targeted at buying a property in a high density building to alleviate sprawl, traffic congestion among other things. I figure by providing a tax credit to the buyer it could be a win win for the public and the builders. I'm not familiar with the down and dirty aspects and economics of such a proposal and wondered if it had been tried before. I figured it has been tried in some way. Probably China.. Lol.

[airportvids]

Originally Posted by asies1981

Post on the updated plans for the Northwest Pipeline project (Violin School Commons).

When ever I hear about this project I first keep thinking that it's some kind of "pipeline project" not a housing development. What's up with the name "pipeline"?

[Orlando]

Check out the map. It shows SLC as having the worst air quality in the country. https://www.facebook.com/photo.php?fbid=747867238700102&set=gm.1819013148360083&type=3

[linguisize]

Originally Posted by airportvids

When ever I hear about this project I first keep thinking that it's some kind of "pipeline project" not a housing development. What's up with the name "pipeline"?

The original building was called the "Northwest Pipeline Buidling", hence the name. asies pointed out that they're rebranding that building to the "Metropolitan Building".

[delts145]

Originally Posted by Orlando

Check out the map. It shows SLC as having the worst air quality in the country. https://www.facebook.com/photo.php?fbid=747867238700102&set=gm.1819013148360083&type=3

That was for that one particular day. Today that red circle is no longer in Salt Lake City, but up north on the Idaho/Utah border Cache County. It will probably be completely changed by tomorrow, as this storm system hitting us here in L.A. right now will be in Utah. While there is of course room for improvement, I can't help but notice how much improvement has been and continues to be made.

Originally Posted by airhero

I found a tool on the epa's website that allows you to plot historical air quality data for counties and metro areas and I thought it would be neat to share a plot for Salt Lake. I'd heard that in spite of the uproar over Salt Lake's air quality in the recent past, that the air is much better now than it was years ago. I didn't realize how much better until I saw the plot below. It's for the overall AQI in SL County from 1980 to 2016 and shows a tile for each day, with the tile color being the air quality classification for that day:



There were only 6 green air days from 1981-1982!

In case you've never seen or played around with these plots before, they can be made here:

https://www.epa.gov/outdoor-air-quality-data

[AllOutOfBubbleGum]

Originally Posted by Orlando

Check out the map. It shows SLC as having the worst air quality in the country. https://www.facebook.com/photo.php?fbid=747867238700102&set=gm.1819013148360083&type=3

Highlighting one day (or few) is like ESPN think Russell Westbrook season average of rebounds and assists is greater than Malone and Stocktons career average.

I served my mission in Moscow Russian and you want bad air, that's bad air. We aren't even in the top thousand cities in the world. No US city is in the top thousand!

One last thing, that chart you see correlates with 2 things, the phase out of leaded gas and the introduction of bigger natural gas infrastructure to heat homes. I would love Utah to make policies for larger use of natural gas engines. That would go a very long way to reduce pollution.

There is nothing we can do to stop the inversion, just lessen what is in it.

[Comrade]

Of course you can't stop the inversion. But too many people use that as an excuse for the pollution. Despite that graph, improvement in air quality has completely stagnated the last 15 years.

There is a significant decline of the overall yearly AQI from 1980 to 1997. Contrary to popular perceptions, the air quality in Salt Lake City has become steadily worse in the last decade. After 1997, the air quality in Salt Lake has remained at roughly the same health level. 2014 was the only “green-air” year we have had in the past 35 years (Green means “good and healthy” air according to the AQI levels and corresponding colors standardized by EPA). However, there is too little evidence to show the causes of this improvement of air quality besides the warm and windy weather we have had.

http://www.deseretnews.com/article/86562...on-in-35-years-and-what-it-tells-us.html

[Orlando]

Whether we're doing better is kind of beside the point. It's still bad, and I think this is one of those unique geographical conditions that can incentivize northern Utah to think smarter, and create new standards to greatly reduce this ugly and embarrassing weather phenomena.