Quote:
Originally Posted by downtownslcresident
Hey guys! Haven’t posted in a couple years and don’t keep up with the news as much as I used to, but can someone please give me an update on the big projects we’re all excited about? What’s up with the CCH? Is that still happening? Or did it die when Outdoor Retailer pulled out? When can we finally expect that to break ground? Any updates on where it’ll be located?
What about the Air Center? 151 state? Regent street hotel? Utah theater? Any whispers about a new COB?
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Air Center - Dead. Land was sold to Held Development and new project is
370 Millennium Tower.
151 State - Dead as commercia.l The project however has changed to
Liberty Sky. A 300 unit, 24 story residential apartment building. Ground breaking slated for Spring of 2019.
Regent Street Hotel - Dead or something like it. The Developer (Form Development) is looking for additional financial support for the project.
Utah Theater - Limbo. There will be a survey soon to ask if there is enough support for any tax payer subsidy to support restoration or preservation of the theater. A current study has shown that the previous studies were flawed and that it would take closer to $30 Million if not $40 Million to restore the theater. Preserving the theater as it is would be nearly $20 Million. Ideas have been tossed around that involve a residential tower, mixed use tower (Residential/Hotel) but nothing can be finalized until the fate of the theater itself is finalized by the City Council.
Convention Center Hotel - Still happening. Will be built at the NW corner of 2nd South and West Temple on the plaza connecting to the convention center. Test drilling has been completed (you can still see where they drilled). The Developer has been finishing up both the engineering and design work for the project while also finalizing agreements with the County. They should be approaching the City Planning Commission for the D4 CBDR approvals soon.
COB #2 - Take this as a rumor only: I have heard that the reason that Tower 8 will be going through the CBDR process is because the LDS Church is planning on leasing a large amount of space. Whether this is to consolidate all the workers that are currently scattered downtown outside of the COB into a single location or an expansion isn't known. I did get the impression that the space they were wanting was more than 300,000 sq ft.
Additional Projects
650 S Main - Phase 1 - 10 Story 320,000 sq ft building. According to a few sources, should be opening in 2020 but the developer is having issues finding qualified contractors/workers.
The Exchange - Currently going through CBDR and should break ground in 2019.
Moda Luxe - Currently going through CBDR.
Block 67 - Phase 1 should break ground either later this year or early next year. Phase 1 will consist of 2 buildings: 1 11 story apartment building and 1 11 story building consisting of 2 hotels, Aloft and Element. Both buildings will have ground floor retail and be connected by underground parking. Phase 2 will start 3 to 5 years after phase 1 starts. The Developer is looking to get approval from the City Council on either a D1 zoning change for a portion of Phase 2 or a change to the requirements by the planning commission for the D4 Overlay requiring a 50' setback. This set back would remove nearly 50% of the Residential component of Phase 2 making the phase 2 component unprofitable for the developer. The City Council has mostly agreed to the removal of the setback provided the developer agree to talk with the Japan Town community to see if they can incorporate any changes into the design at this stage. The developer has already talked with the Church and the Temple and has wants to help bring the Japanese festival and other events into the project. The developer cannot break ground on Phase 1 until the talks have been completed and any design changes, if possible have been completed.
Paper Box Lofts - Moving forward and possibly breaking ground later this year or early next year.
Pipeline / Violin School - Still happening just moving slowly.
255 S State - Recent RDA award. Preliminary is 14 story tower.
Carl's Jr. site - Lot is now owned by a company that is known for doing decent Residential projects. no known projects at this time.
Hardware Village Commercial Building - Salt Development 10 story commercial building.
Gateway Hotel - Vestar's planned hotel to help enliven the Gateway.
Then there is the Airport reconstruction, year round market, Central Station redevelopment area, and even though it isn't a project to its self - the infill projects happening nearly everywhere in the city that have pushed the city population close to, if not over 200K. Through 2017 SLC was #5 in the State in just straight growth this decade.
There are other projects of course but these are the largest ones or the ones that would have the largest impacts.
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