Salt Lake City: Official Development News Thread - Part 5

[H4vok]

The building is rounded on all four corners starting on the 6th floor. It appears from the other plan sheets that it maintains the round corners all the way to the roof. This sheet represents the 6th through the 13th floor.

[nushiof]

Originally Posted by H4vok

The building is rounded on all four corners starting on the 6th floor. It appears from the other plan sheets that it maintains the round corners all the way to the roof. This sheet represents the 6th through the 13th floor.

Keep 'em coming!

[Ironweed]

Love them or leave them, at least the LDS church has invested in downtown. Others need to step up

[asies1981]

Pl. Commission approved the Fairmont last night.

[delts145]

Okay, that does sound much better. Definitely all four corners and the open breaks at different floors would give this tower it's own attractive character. Not simply a box as someone claimed. I'm looking forward now to the final drafts.

Originally Posted by H4vok

The building is rounded on all four corners starting on the 6th floor. It appears from the other plan sheets that it maintains the round corners all the way to the roof. This sheet represents the 6th through the 13th floor.

[Comrade]

Originally Posted by delts145

Okay, that does sound much better. Definitely all four corners and the open breaks at different floors would give this tower it's own attractive character. Not simply a box as someone claimed. I'm looking forward now to the final drafts.

I mean...it's still going to be a box. It'll probably look a bit like 1125 17th Street in Denver, which was built in 1980:

[Liberty Wellsian]

Originally Posted by Comrade

I mean...it's still going to be a box. It'll probably look a bit like 1125 17th Street in Denver, which was built in 1980:

We need to do something like that to West Temple.

[Utah_Dave]

^^^^^

Agree!

[Utah_Dave]

Could some of West Temple be used for convention center space and the hotel in theory??

[Meliorem]

Originally Posted by Makid

I had some time today and was looking for possible future developments and ran across a link and was able to data mine and found this link:

https://www.berkadia.com/wp-content/uploads/2018/07/Salt-Lake-City_Quarterly_Map.pdf

From what I can tell, the data that they have is fairly accurate. They don't have data on every project and the prospective projects aren't finalized so the numbers are still in flux. You can use the above link and go back to look at some changes over time. One that is fun to look at is Q3 for 2017. It is linked below. It is fun to look at as the Under Construction section is all, Salt Lake City.

https://www.berkadia.com/wp-content/uploads/2017/10/Salt-Lake-City_Quarterly_Map.pdf

Remember that they don't have every project listed, so the numbers may not be fully accurate.

I did take the current Q2 2018 numbers for SLC and it looks like there are currently 680 units recently completed (Lease-Up stage), 1845 units under construction, 2506 units planned, and another 2085 prospective units afterwards. That is potentially another 4600 units in the pipeline currently with most of them near the downtown area.

I did notice that it doesn't list the Block 67 residential projects, so that puts it closer to 5000 units known that could be completed or under construction in the next 5 years, if all of the projects were to get off the ground.

If the vacancy rate holds and levels stay steady for bedrooms we could be looking at adding another 15,000 to 20,000 people to SLC possibly by 2026 and nearly 1/2 would be in and directly adjacent to downtown.

I know Salt Lake City isn't as big as the cities on this list, but still, I feel 5000 units over a 5 year period is a disappointing number.



Source:
https://www.rentcafe.com/blog/rental-mar...wn-in-2018-after-a-6-year-upward-streak/

[Makid]

Originally Posted by Meliorem

I know Salt Lake City isn't as big as the cities on this list, but still, I feel 5000 units over a 5 year period is a disappointing number.



Source:
https://www.rentcafe.com/blog/rental-mar...wn-in-2018-after-a-6-year-upward-streak/

The 4,600 number (Just under 4,900 when counting Phase 1 of Block 67) to be completed within the next 3 years is just within Salt Lake City. For the Ogden to Provo area (effectively the Metro Area) the Number comes in around 25,000 for the same 3 year period.

On a 5 year period it would be around 5,500 in the Salt Lake City, and 33,000 Ogden to Provo area.

Remember, the Berkadia link doesn't contain every project both under construction nor in development/planned. So the count they have is low.

The chart shows projected apartment deliveries by metro for a given year. Salt Lake City will have close to 2,500 alone this year, the County will add another 1,500.

The problem is that Utah County is adding roughly 1,500 to 1,700 this year and Weber and Davis County are adding around 1,000 this year as well.

With Utah, Davis and Weber counties separate from Salt Lake County for metro counts, none of the growth will count towards the overall growth that is actually happening. So while we all see it and know it is happening, no one outside of the area knows about it.

[delts145]

I hope not Comrade. That is pretty boring and very square, even with the rounded corners. However, if this Tower 8 is more rectangular with open curtain wall breaks, and a base that varies significantly from the tower portion, then I'm willing to definitely hold judgment at this point. Sounds to me like it's heading in the right direction.

Originally Posted by Comrade

I mean...it's still going to be a box. It'll probably look a bit like 1125 17th Street in Denver, which was built in 1980:

[ThePusherMan]

Anyone know what's going on on the roof of the Boston Building? They have been craning up steel to the roof the past week or so. There is skeleton of a structure going up right now. You can see it from the ground if you have a good angle.

[bob rulz]

Originally Posted by Meliorem

I know Salt Lake City isn't as big as the cities on this list, but still, I feel 5000 units over a 5 year period is a disappointing number.



Source:
https://www.rentcafe.com/blog/rental-mar...wn-in-2018-after-a-6-year-upward-streak/

It is literally smaller than every one of those metropolitan areas.

I do hope that the Census Bureau looks into combining the MSAs of the Wasatch Front.

[bob rulz]

Originally Posted by asies1981

Pl. Commission approved the Fairmont last night.

Good news, and I do like the somewhat smaller scale, but I'm disappointed at this continued lack of street-level retail components in these developments. They should really looking into adopting a scoring system for Sugarhouse and the S-Line like they have on North Temple and 400 South. So many apartments packed so close together...I have a hard time believing that more retail couldn't be supported in these locations.

[DenverInfill]

Originally Posted by bob rulz

Good news, and I do like the somewhat smaller scale, but I'm disappointed at this continued lack of street-level retail components in these developments. They should really looking into adopting a scoring system for Sugarhouse and the S-Line like they have on North Temple and 400 South. So many apartments packed so close together...I have a hard time believing that more retail couldn't be supported in these locations.

Ideally, there should be a plan, either a citywide future land use plan or a neighborhood/district plan, that designates certain streets in this area as neighborhood retail corridors.

Because very few cities have the density to support ground-floor commercial in every building outside of the central business district, it's important to have a plan that indicates which neighborhood streets are going to get the retail, and then enforce it through zoning, while new buildings on the other streets just have an interesting sidewalk level experience through facade transparency and other architectural treatments.

Does this area have a plan that designates which streets get the retail?

[airhero]

Originally Posted by Meliorem

I know Salt Lake City isn't as big as the cities on this list, but still, I feel 5000 units over a 5 year period is a disappointing number.



Source:
https://www.rentcafe.com/blog/rental-mar...wn-in-2018-after-a-6-year-upward-streak/

Yeah this is a list of entire metro areas, not city proper. If you click on the link you will see that in this study, Salt Lake City is 27th in 2018 apartment delivery despite being the 48th largest metro. Every city ahead of Salt Lake is over twice its size (1.2 million) except for Austin (2.1 million), Nashville (1.9 million), San Jose (2.0 million), and Raleigh (1.3 million), which is in 26th place just ahead of SLC.

If you look at new apartments per capita for all metros over 600,000 people, Salt Lake is 4th, behind only Denver, Austin, and Nashville. The growth in all three of those cities is extraordinarily impressive. I don't know why we can't say the same for Salt Lake.

If, put in that context, slc's numbers still don't impress, I suppose it's because people have high expectations for this city.

[airhero]

Originally Posted by DenverInfill

Ideally, there should be a plan, either a citywide future land use plan or a neighborhood/district plan, that designates certain streets in this area as neighborhood retail corridors.

Because very few cities have the density to support ground-floor commercial in every building outside of the central business district, it's important to have a plan that indicates which neighborhood streets are going to get the retail, and then enforce it through zoning, while new buildings on the other streets just have an interesting sidewalk level experience through facade transparency and other architectural treatments.

Does this area have a plan that designates which streets get the retail?

I think the way it is worded in the code for the Sugar House neighborhood is a portion of the ground floor of these developments must have a different use than the primary use of the building, or something along those lines. In the case of the Fairmont, it's office. I'm not disappointed with a lack of retail in Sugar House. It seems there is plenty of it. Many new apartments have incorporated retail in the base.

The only place in the city I can think of where retail is mandated is downtown for any new development built within 1/2 a block (330 feet) of Main Street.

[Comrade]

Originally Posted by bob rulz

It is literally smaller than every one of those metropolitan areas.

I do hope that the Census Bureau looks into combining the MSAs of the Wasatch Front.

Well what is it - is SLC legit smaller than these metros or do you believe they're just incorrectly attributing the metro size and should include the entire Wasatch Front? Because we really can't have it both ways. Either Salt Lake has a metro of 1.2 million or you really believe it should be 2.4 million.

[Orlando]

/\/\/\
Maybe it's a fair argument to include everything from North Ogden to Payson. Seattle's Metro area includes Bellevue, Tacoma, and Everett. Both Tacoma and Bellevue have significant downtowns, and Bellevue's downtown is actually larger than Salt Lake's. Everett's downtown is probably a little larger than both Ogden's and Provo's. Tacoma is about 45 minutes to the south of Seattle too, and Everett, included in the metro, is about 45 minutes to the north of Seattle. Seattle's Metro has a population between 3.5 to 4 million. Salt Lake's would be 2.something? million. Seattle's downtown and density dwarfs Phoenix, despite Phoenix having a similar population, though.

https://www.bing.com/search?q=seattle+me...20-dfea-dbe1-7fd96e8b86c3%22&FORM=SNAPST