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  #5481  
Old Posted Apr 27, 2019, 12:31 AM
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Downtown Update - Phase I of Block 67, Construction is scheduled to begin Q2 2019


Quote:
Originally Posted by Viperlord View Post

Ritchie Group updated their site with some new renderings for these projects.
The West Quarter Apartments
300 w @ 105 S Salt Lake City, UT 84101

The West Quarter is a contemporary mixed use development project located in the heart of downtown Salt Lake City. Located adjacent to Vivint Smart Home Arena and a short walk from City Creek and Temple Square.
Construction is scheduled to begin Q2 2019. https://www.theritchiegroup.com/west-quarter-apartments


West Quarter Element/Aloft Hotel

300 w @ 105 S Salt Lake City, UT 84101
The West Quarter is a contemporary mixed use development project located in the heart of downtown Salt Lake City. The Class A luxury apartments and ground floor retail are adjacent to Vivint Smart Home Arena
and a short walk from City Creek and Temple Square. Construction is scheduled to begin Q2 2019.
https://www.theritchiegroup.com/portland-broadway

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Last edited by delts145; Aug 12, 2019 at 10:35 PM.
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  #5482  
Old Posted Apr 27, 2019, 9:48 PM
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Update, Downtown South - Food Alley


Quote:
Originally Posted by gusam26 View Post
Demo work has begun in preparation For the 'Food Alley' on State Street.
Quote:
Originally Posted by Utahn View Post
I am so excited about this one! Been eagerly waiting for this to start construction. This is going to be a cool project!
Quote:
Originally Posted by Orlando View Post

There's some info about Food Alley progress:
City Weekly - The first phase of "Food Alley," a diverse collection of 17 locally owned restaurants, artists' lofts and a year-round farmers market that'll be located just south of the old Sears building, is slated to be finished later this year.
The second phase, which includes building new additions on the property's east side that will house the 20-foot "micro restaurants," should be completed before spring 2020, Nguyen says. "The whole idea of the Food Alley is to be able to
get as many different cuisines and cultures represented from all around the world as possible."



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Last edited by delts145; May 5, 2019 at 1:36 PM.
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  #5483  
Old Posted Apr 27, 2019, 10:41 PM
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Punch Bowl Social, a new ‘eater-tainment’ bar with food and games, is coming to Salt Lake City’s Gateway

Punch Bowl Social — one of the country’s hottest eat-drink-play concepts, where one can enjoy a fried bologna sandwich, sip a spirited fruit punch and then challenge friends to a game of darts or shuffleboard — is coming to Salt Lake City.

On Wednesday, the Denver-based company announced that it would open its 15th location at The Gateway, 6 N. Rio Grande, in June 2019.

Punch Bowl, which plans to get a bar license from the Utah Department of Alcoholic Beverage Control, will be housed in the former Barnes & Noble bookstore at the north end of the downtown development.


While it’s similar to Dave & Buster’s — another Gateway tenant — officials say these new-generation “eater-tainment” businesses are complementary.

“Dave & Buster’s is geared toward families,” said Jenny Cushing, vice president of leasing for Vestar, Gateway’s owner. Punch Bowl, she added, is popular with those in their 20s and 30s. Earlier this year, Nation’s Restaurant News listed it as one of the Hottest Concepts of 2018.

At least in Utah, there is another difference: Punch Bowl guests will be able to carry their drinks from their tables to the gaming areas, which state law allows in bars. Dave & Buster’s has a restaurant license from the DABC, which requires patrons to consume an alcoholic product only if they are seated at the table, counter or bar structure.

With Punch Bunch Bowl’s arrival, The Gateway takes another step away from its shopping mall roots, said Cushing. In recent years, it has focused on becoming an urban destination by offering a mix of food, beverages and entertainment while also serving as a hub for technology and creative office spaces. Punch Bowl Social will be the third bar at The Gateway, behind Bout Time Pub and Grub and the soon-to-open Seabird Bar and Vinyl Room. Seabird will be near its sister business — La Barba Coffee — on the second level overlooking the Olympic Fountain.


(Courtesy photo) An artist rendering of Punch Bowl Social's new Salt Lake City location. The eat-drink-play concept is set to open in The Gateway in June 2019.https://www.sltrib.com/resizer/wt4S13X81...om/public/C6TFH2DIGJHLNCXNYU6ZABI3QI.jpg

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  #5484  
Old Posted Apr 28, 2019, 10:02 AM
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Update - Salt Lake City International


Quote:
Originally Posted by airhero View Post

I noticed a building permit application was submitted for phase 2 of the north concourse construction. I didn't see any news on this so I wondered if they were going to continue building the rest of the concourse (all the way to the red line), or just the rest of the blue portion (to the orange line), if anybody knows. Currently it is framed out to about where the yellow line is. I'd imagine they are doing to the orange line as many gates would be inaccessible if the built to the red line.
Quote:
Originally Posted by soulcapn View Post
If i remember the plans right, they will decommission the 6-8 ish gates at the north end of existing concourse D, and then begin construction on the section between your Yellow and Orange Line. I don't think anyone expects active construction on the "future Phase" section of the new north concourse until after they are well under way on building the east side of the main terminal, and they demo the remainder of the old concourses.


https://i.imgur.com/kMQe6zu.png

Here's a picture of what is currently constructed.


https://i.imgur.com/ELgXD8S.png

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  #5485  
Old Posted Apr 29, 2019, 4:29 PM
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Update, Central Metro - Fairbourne Station


Fairbourne Station, a mixed-use development combining retail space, office space, residential living space and an upscale hotel, encompassing 40 acres right in the heart of Salt Lake Valley.

Fairbourne Station is truly at the center of it all. It sits at the hub of a unique intermodal transportation network including freeways, public transit and high traffic roadways. This optimal positioning places Fairbourne a mere 10 minutes from the Salt Lake International Airport and downtown Salt Lake City, and just 40 minutes from several of Utah’s renowned ski resorts. By providing a multitude of reasons to visit and a wealth of ways to get here, Fairbourne will be a destination for visitors of all types, for a variety reasons, all year-round.



https://i1.wp.com/www.buildingsaltlake.c...urne-Station-concept-rendering.png?ssl=1


https://www.buildingsaltlake.com/wp-content/uploads/2017/12/Fairbourne-Station-1.jpg


https://s3-media3.fl.yelpcdn.com/bphoto/1Cx-yghhZliPg_WjQSwA-w/o.jpg


https://static1.squarespace.com/static/5...ra-Grygutis_West-Valley-City_Utah_10.jpg


https://i0.wp.com/www.buildingsaltlake.com/wp-content/uploads/2017/12/Fairbourne-Station-.jpg?ssl=1


https://media.licdn.com/dms/image/C5622A...ilBCZjqmNPn_tV_ayBgeVtYIckmYGrQxgHRIX4K8


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Last edited by delts145; May 13, 2019 at 1:00 PM.
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  #5486  
Old Posted May 3, 2019, 3:31 PM
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Downtown Update - Station Center


Michael Lockerlear - KUTV News - https://kutv.com/news/local/new-hotel-large-development-near-the-gateway-move-forward

The RDA board also approved nearly $9 million for infrastructure on another development near the Rio Grande building: Station Center. “This consists of the construction of three new streets, reconstruction of an existing street, utility upgrades, and streetscape improvements,” according to RDA. Plans call for about four blocks of housing, retail space and office space, with a goal of breaking ground in the next 12 months. “It really will be the first transit-oriented development in Salt Lake City, being close to the intermodal hub as well as TRAX stations,” Fritts said. “We think that this is a great opportunity for people to live, work and play.”


RDA Board ofDirectors approved an amendment to the 2018-2019 budget allocating $8,962,119to the infrastructure project element of the Station Center development. (Photo: Salt Lake City Corporation, Redevelopment Agency)


https://i0.wp.com/www.buildingsaltlake.c...g-Public-Market.png?fit=1118%2C722&ssl=1

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  #5487  
Old Posted May 4, 2019, 11:09 AM
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Downtown Update - "95 State at City Creek"


Tower 8: 05/03/19











Pics By AjiuO

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Last edited by delts145; May 4, 2019 at 11:20 AM.
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  #5488  
Old Posted May 4, 2019, 11:33 AM
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Downtown Update - 4th S. & Rio Grande


Quote:
Originally Posted by Utahn View Post

Documents were posted today for a new development coming to the Pioneer Park area on the south end of Rio Grande Street or the northwest corner of Rio Grande Street and 400 South.

It is going through Conditional Design Review now. From what I read, it's a two-phase project. The first phase will replace a surface parking lot and the second phase will replace the CCG building on the northern end of the parcel but preserve the building facade.






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  #5489  
Old Posted May 4, 2019, 11:55 AM
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U.S. Industrial Market Spotlight: Salt Lake County

By James Breeze - National Director of Industrial Research for Colliers International - https://knowledge-leader.colliers.com/ja...trial-market-spotlight-salt-lake-county/


https://knowledge-leader.colliers.com/wp-content/uploads/2018/09/SaltLakeCity-DemoMap.png

“New entrants to the Salt Lake County industrial market include Amazon’s approximately 2.2 million-square-foot multi-level/multi-building lease, UPS’ 875,000-square-foot regional processing facility, which is one of UPS’ largest processing facilities across the globe, and Stadler Rail’s only U.S.-based manufacturing facility and test track. These entrants to our market give new credence to our state song “Utah, this is the Place,” and will unquestionably lead the way to a bigger and brighter Utah.

Salt Lake County’s recent influx of large industrial users, airport expansion, proactive government and continued positive press will keep Utah in record setting territory throughout 2018. Developers will continue to acquire land and construction starts and deliveries will continue to be above average. Tenant activity will remain high, keeping vacancy low and lease rates will continue to increase. The owner-user market will continue to experience heavy demand with a lack of available product, which will keep prices high. Cap rate compression will continue in Class A institutional-grade product, drawing sellers out and leading to additional sales.” — Rusty Bollow, Senior Vice President, Salt Lake City, UT

KEY STRENGTHS:
The Salt Lake County industrial market continues to see growth. Since 2012, developers and owner-users have added more than 15 million square feet to our industrial base, lease rates have increased in almost all product types, speculative development continues to flourish and direct vacancy continues to drop. Utah will remain one of the fastest growing states in the nation, and it is expected to grow by an additional 8% in the next five years. Its continued additions and improvements to existing road infrastructure as well as the potential availability of 3,500 acres of newly developable industrial land within a 15-minute drive of downtown Salt Lake City, have all contributed to keeping Utah in the nation’s spotlight. As of December 2017, the Economic Development Corporation of Utah has had 56 open industrial projects.



Nearly four million people live within 250 miles of the market’s core. The region also has a strong millennial population, as 23.4% of the people living within 50 miles of Salt Lake City’s core are within this age bracket. The population is projected to grow by 8% in the region in the next five years. This growth, along with Salt Lake’s central location, is making it a popular destination for regional and final-mile distributors. Demand to get products into and out of the region is increasing and has led to a major expansion of the Salt Lake International Airport. The airport, which is ranked 24th in the country in air cargo, recently completed a $3 billion expansion to better serve passengers and cargo companies.

VACANCY:
The Salt Lake County industrial market, which totals 135 million square feet of existing space, saw vacancy rates drop the first half of 2018 to an all-time low of 3.2%. Vacancy rates are lowest in product under 20,000 square feet, with less than 2% of the existing stock currently vacant. Vacancy rates increased slightly in product over 100,000 square feet to 4.2% at midyear. Despite this rise, vacancy rates are very low compared with tenants in the market and more development is warranted to quench this demand.

ABSORPTION:
The market is one of the fastest growing markets in the country, and continues to post positive absorption despite the record low vacancy rates. Over 1.1 million square feet of occupancy gains occurred the first half of 2018. With new leasing projected to be strong along with large build-to-suit occupancies in the second half of 2018, the market will finish with its seventh consecutive year of positive absorption.

DEVELOPMENT:
Developers and owner-users continue to break ground on new industrial buildings despite continually increasing land and construction costs. In fact, 2017 was the largest year on record for new construction deliveries with 3,970,641 square feet reaching completion. 2018 is looking to be very similar to last year, with a current 2,253,098 square feet of construction completed and a decade high 4,437,045 square feet currently under construction.

Recently delivered properties include Post Foods 903,000-square-foot distribution building, Seefried’s 500,000-square-foot speculative distribution building and Price’s 300,000-square-foot build-to-suit for Keystone Automotive Industries. Notable building deliveries planned for 2018 include Amazon’s 857,173-square-foot build-to-suit, UPS’ 870,000-square-foot build-to-suit, Hamilton Partners’ two-building speculative project totaling 472,362 square feet and RWK’s speculative 214,391 square feet building.

ASKING RENTS:
The Salt Lake County industrial leasing market remains strong. This fact coupled with declining vacancy rates has provided landlords with the long-awaited opportunity to increase rents. The overall average rental rate for 2018 was $5.40 per square foot triple net (NNN), which is a $0.48 increase over this time last year. General purpose buildings saw the greatest rental rate increase in 2018 with rents increasing by $1.20 per square foot, followed by incubator and bulk distribution buildings, which posted gains of $0.72 and $0.48 per square foot.

Lease rates will strengthen over the remainder of 2018 as higher land and construction costs force landlords to increase rents. Asking lease rates for first-generation space have increased by as much as 30%, with medium distribution and incubator buildings being the most heavily affected by these increases. Salt Lake City continues to gain interest from out-of-state investors and was recently named in a report produced annually by PricewaterhouseCoopers LLP in collaboration with the Urban Land Institute as the #3 most desirable U.S. market for real estate investment and development. It’s important to note that Salt Lake is the smallest real estate market to ever crack the top 10 on this list. Salt Lake City is positioned, now more than ever, to take advantage of what should continue to be a very robust investment market...Read More: https://knowledge-leader.colliers.com/ja...trial-market-spotlight-salt-lake-county/


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  #5490  
Old Posted May 4, 2019, 12:08 PM
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Downtown Update - Block 200


Quote:
Originally Posted by airhero View Post
... 8 stories, 283 units. Old building will be demolished. They're actually looking at getting approval to build lower than the minimum height for the corner, though the tallest portion of the building will reach the minimum height of 100 feet.

Current Structure to be demolished



New Development






Ground floor:


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  #5491  
Old Posted May 4, 2019, 12:37 PM
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Salt Lake tech companies second only to Silicon Valley as real estate driver

Art Raymond - Deseret News - https://www.deseretnews.com/article/9000...ilicon-valley-as-real-estate-driver.html

SALT LAKE CITY — Evidence of the growing economic impacts of technology and innovation industries on Utah continues to mount with a new report highlighting the sector has become the No. 1 driver of commercial real estate leasing in the Salt Lake area.

A report released last week by national real estate service provider Cushman and Wakefield notes the Salt Lake City metropolitan statistical area, a federal designation that includes Salt Lake and Tooele counties, trailed only Silicon Valley in the percentage of commercial leases signed by tech companies in 2018...

...In Salt Lake City, the tech sector accounted for two-thirds, 66.4 percent, of the major leases signed."

In an interview, McCarthy said the number of tech-educated millennials and the area's growing attraction to venture capital firms was helping fuel Salt Lake Valley's ascending stature among the nation's tech hubs.

"We found Salt Lake City to be one of the most attractive cities to tech," McCarthy said...



...The findings came as no surprise to Downtown Alliance Executive Director Dee Brewer, who said downtown Salt Lake City has become a destination target for tech companies looking to open new office space or expand existing facilities.

"Right now there are over 80 tech offices in the central business district," Brewer said. "That number is growing, and one of the main drivers is workforce. Finding and recruiting talent is the name of the game for these companies.

"While tech is growing all over Utah, we're seeing a lot of companies saying, 'This is where my employee base wants to live, with easy access to transit and the urban amenities and cultural assets so close to hand.'"

Brewer said commercial developers were also responding to the changing demographic in both arenas, and noted one of the newest office buildings going up in downtown — the towering, 395-foot skyscraper that recently began construction at 95 S. State, just east of the downtown Harmons grocer — was catering specifically to the needs of potential tech tenants.

"This is the building of the future," Brewer said. "Everything from the layout of the floors, the amenities, food service, a gym. … It's aimed squarely at what tech businesses are looking for."

Brewer said commercial space in Salt Lake City also has an advantage from a purely economic standpoint. A 2018 report issued by the Downtown Alliance in partnership with commercial real estate investment firm CBRE shows average commercial lease rates in Utah's capital city — about $24 per square foot — are just a fraction of the notoriously pricey Bay Area, where a square foot of office space runs more than $76 on average.

But Brewer said even compared with Western cities with less-inflated economies, Salt Lake City rates rank as a high-value proposition when it comes to office space...

...In a recent Deseret News interview, Recursion Chief Operating Officer Tina Larson said the 100,000-plus-square-foot space, formerly occupied by Dick's Sporting Goods, not only created an open, collaborative environment the company lacked in previous locations, but noted the downtown setting was a plus when it comes to recruitment.

"We're competing with a lot of other companies out there for talent, and being downtown is another enticement," Larson said. "Being able to just walk to work or take transit … and close to the cultural center is a big plus."

Levi Pace, senior research economist for the University of Utah's Kem C. Gardner Policy Institute, said the report mirrored findings of his research on the state's booming tech sector, some results of which were released in an 'industry snapshot' earlier this year.

"This Cushman Wakefield report is striking," Pace said. "Tech and the life sciences industries are big users of space, by the nature of the work they do. The study did a great job in pointing out that tech is growing faster than other industries … data that was also reflected in our report."

Pace also noted the over half, 51.9 percent, of statewide office space construction, based on dollar value, is in Utah’s so-called Silicon Slopes corridor. And investments are massive.

Construction from 2017 to the present in the category "office, bank, professional" was $668.4 billion in the Silicon Slopes corridor and $1.3 trillion statewide, with an annual average of $297.1 billion in the corridor and $571.9 billion statewide, adjusted for inflation...



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  #5492  
Old Posted May 13, 2019, 1:09 PM
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Quote:
Originally Posted by Makid View Post

On another note, the Marmalade project is picking up steam as heavy equipment has arrived on the site.



Rendering of the northwest corner of the Marmalade mixed-use project. Image courtesy Salt Lake City planning documents.


Rendering of the southwest corner of the Marmalade mixed-use project. Image courtesy Salt Lake City planning documents.


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Last edited by delts145; Jun 7, 2019 at 9:36 PM.
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  #5493  
Old Posted May 13, 2019, 1:13 PM
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Downtown Updates


Quote:
Originally Posted by Viperlord View Post
A couple of updates:

Today I spoke with my contact who works with a commercial brokerage firm downtown. This is what is currently circling through the grapevine

Here is what we discussed:
1. Regent Street Hotel:
With the sale of the property to the new owners they still plan on developing a boutique hotel on the site. Whether or not this will remain the same design as what we have seen is still to be determined. He said that in his opinion acquiring the old Lawyer building currently adjacent to the site will be the key to making this site pencil out.


Regent Hotel


2 Liberty Sky:
Is hoping to be breaking ground within the next month.

And in a strange twist of events I stumbled across this condo plat application submitted today. It is listed as the same address as the Liberty Sky. Have they decided to do condos instead of apartments?
Block 71 Condominiums - 151 S. State Street

https://citizenportal.slcgov.com/Citizen...20&agencyCode=SLCREF&IsToShowInspection=

Liberty Sky


(Artist's rendition courtesy of Cowboy Properties) Cowboy Properties and Boyer Co. are looking to build a 24-story apartment building on the east side of State Street between
the Federal Building on 100 South and the Maverik headquarters building on 200 South. The $90 million project is being praised for its prospects of bringing more residents to downtown Salt Lake City.


3. Patrinely Group (650 Main):
Patrinely is still working on their project. They are getting antsy and want to begin construction hopefully this year I am told.


Patrinely Group


Also, I recently met with a project manager for a developer/land owner in the southwest portion of Downtown approx. 600 S. 500 W. area (Sorry, I can't reveal who the owner is or what the exact address is of the site). They purchased about 8 acres of land spread across 2 city blocks. They plan to re-use and renovate some of the old buildings on the sites. Once they get the buildings refurbished they plan on building phase 2 of the project on one of the open lots, which will include a 12 story office tower, and a parking garage. They envision a office/work campus made up of new buildings mixed in with the older renovated warehouses for office space.

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Last edited by delts145; May 13, 2019 at 1:30 PM.
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  #5494  
Old Posted May 14, 2019, 11:48 AM
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Update - Downtown Adj. - Centro Civico

Quote:
Originally Posted by berger4 View Post
I was driving past the Centro Civico sight and that project is well underway.

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  #5495  
Old Posted May 14, 2019, 12:18 PM
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Update University of Utah - ACC Med Campus Rebuild & Expansion

https://uofuhealth.utah.edu/notes/postings/2019/04/mission-critical.php#.XLC_QuhKiUl


Quote:
Originally Posted by JMK View Post
Not the best photos in this update, but the ACC med project on the U campus is huge

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Last edited by delts145; May 14, 2019 at 12:35 PM.
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  #5496  
Old Posted May 14, 2019, 12:38 PM
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Update, University of Utah - Stadium Expansion


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Originally Posted by JMK View Post



Ahead of the annual Red-White game, the University of Utah announced that the Ken Garff family has pledged $17.5 million to the Rice-Eccles Stadium expansion project — the single-largest donation in Utah Athletics history.

The project, which is set to begin following the conclusion of the 2020 football season, will enclose the stadium through a rebuild of the south end zone. That part of the end zone will raise the stadium seating capacity from 45,807 to 51,444 and provide premium seating.


The south end zone rebuild will be called the Ken Garff Performance Zone as the Garff family becomes the lead gift in the $80 million stadium renovation. The university said it has raised $32 million of its $35 million goal so far in philanthropic gifts. The remaining $45 million will come from the various athletics “sources associated with the project.”

“We are incredibly grateful for the continuing generosity of the Garff family,” University of Utah President Ruth V. Watkins said. “This extraordinary gift will dramatically improve the fan experience at Rice-Eccles Stadium during football games and many other events.”

Director of Athletics Mark Harlan also thanked the Garff family for the donation, saying it’s a “transformational gift” that will “allow for a new and enhanced experience for our faithful fan base, as well as improving upon what is the best home-field advantage in the Pac-12 and beyond.”

“My father, Ken Garff, would be delighted for this day because he was a very enthusiastic sports supporter of the university,” Bob Garff said during the Saturday press conference adorning his family’s name throughout the building. “We bleed red and love the university.”

The Garff family, along with many other big-time donors such as the Spence Eccles family, have been instrumental in building up the facilities at the University of Utah. The Garff family has long been supportive of the athletics program as well as the business programs at the university.

“I want to offer a sincere, heartfelt thanks to the Garff family for this incredible gift,” Utah football head coach Kyle Whittingham said. “This really cements this project and makes it an absolute reality. This is the final piece to the puzzle for this stadium, to me. It’s already one of the best facilities in the country, but this will make it over the top.

“We indeed appreciate this. It helps us as a program on so many levels. It’s great for our players, our fans, the future recruits. There’s so many positives.”

Garff said the goal of his family’s donation is to “develop this new facility into a show stopper — and I mean show-stopper venue for recruiting and gameday performance."

“It will enlarge the capacity of the stadium by somewhere close to 5,000 new seats and add a new locker room, suites and lounges that will create a marvelous new facility that all Utahn’s can be proud of,” he said.

With the stadium expansion, the university is again positioning itself to be the destination to house the opening ceremonies of the Winter Olympics in either 2026 or 2030 should Salt Lake City be selected by the International Olympic Committee.

“I imagine as well that the International Olympic Committee will take note at what is going on here today — to this edition to this iconic stadium,” Harlan said.

“If the IOC is willing, it will again be the venue for the opening ceremonies of the winter games of either 2026 or 2030,” Garff said. “I think that’s a given.”

Harlan said the stadium’s expansion project is on track, adding that the university has already hired an architect and has a “Request for Proposal,” or RFP, out to hire a contractor. A contractor, according to the RFP document, is expected to be determined by May 1. At that point, university officials, the architect and contractor will travel to other universities, such as the University of Arkansas and University of Oklahoma who have recently completed new facilities, to finalize plans.

“We want this to be state of the art,” Harlan said. “I think you do that by stealing ideas and meshing that with your own creations.”

Harlan said the construction of the new renovation should be completed before the start of the 2021 season as most of the stuff is expected to be pre-fabricated, but that they would know more once the university hires a contractor. The university may have to do some things to accommodate those in the south end zone should the project take longer, but Harlan said that’s not the expectation as of now.


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Last edited by delts145; Sep 10, 2020 at 12:07 AM.
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  #5497  
Old Posted May 14, 2019, 7:26 PM
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New apartment tower proposal "the strand"

The Strand
Salt Lake City, UT

Type: High Rise

Status: On The Boards

Stories: 24
Density: 312.5 du/ac
Units: 350
Acres: 1.12
Unit Sizes: 580 – 1,300 sq ft
Parking: 319 spaces (0.91/unit)
Construction: Type IA
Retail: 8,914 sq ft
Financing: Conventional


https://humphreys.com/project/the-strand/





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  #5498  
Old Posted May 15, 2019, 2:19 PM
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Update, Border Central/Southern Metro - Phase II of Adobe Expansion

File Article, March 2018 - Construction well under way. Software giant Adobe broke ground Wednesday on a project that represents a literal doubling-down of the company's investment in Utah, and it's one that's slated to have sizable impacts on the state's economy for years to come.

The company dug the first shovel full of earth on a $90 million facility that will, when it opens in two years, be home to 1,000 new employees. The building will be adjacent its seven-year-old Lehi facility off I-15 and will have much the same eye-catching appeal. It will also be the source of an estimated $2.3 billion in new wages and over $85 million in state corporate, payroll and sales taxes over the next 20 years...
...Adobe's vice president of employee and workplace solutions, Jonathan Francom, said the new facility was just one node on a slate of planned growth for the company, which also has expansions scheduled for San Jose, San Francisco and in India.

"Utah continues to be a great place for us to grow the business," Francom said. "We're excited to be adding talent and resources here as well as at other Adobe locations."

At the Silicon Slopes Tech Summit in Salt Lake City in January, Adobe CEO Shantanu Narayen said there was a logic behind expanding into Utah when it acquired Omniture, rather than shuttering the Utah business and moving operations to an existing Adobe facility.

"We go to where the talent is," Narayen said. "It's as simple as that."

The company, best known for its creative suite, the PDF and Photoshop, has been on a tear since it opened its Utah office, and Adobe stock, trading around $30 a share at that time, is currently worth over $200 a share.


Aerial of current Adobe Campus. Expansion seen at the upper left corner of current building.

https://media.deseretdigital.com/file/8fab0c1165?resize=width_1200&type=jpg&c=6&a=e0717f4c

Pictured, I-15 expansion and reconstruction foreground, in order to facilitate the hyper growth of Metro Salt Lake City's Tech Sector. Background and to the right, a rendering of the completed Adobe Phase II expansion.

https://media.deseretdigital.com/file/9149186335?resize=width_1200&type=jpg&c=6&a=e0717f4c

Rendering of Adobe's new facility to be built adjacent to its office in Lehi. The $90 million project is slated for completion in 2020 and will be home to 1,000 new employees.

https://media.deseretdigital.com/file/2977490239?resize=width_1200&type=jpg&c=6&a=e0717f4c


https://cdn.shortpixel.ai/client/q_gloss...s/2018/09/Adobe-Phase-2-Hero-705x506.jpg


https://photos.smugmug.com/Architecture/...G2/0/abc29bce/XL/1808-4575-iPhone-XL.jpg


https://photos.smugmug.com/Architecture/...7581e5e6/X2/1808-4574-iPhone%20v2-X2.jpg


https://photos.smugmug.com/Architecture/...Qc/0/7c64f6e1/XL/1808-4573-iPhone-XL.jpg


https://photos.smugmug.com/Architecture/...XQ/0/e3b6d9b9/XL/1808-4572-iPhone-XL.jpg


https://photos.smugmug.com/Architecture/...cP/0/572eac91/XL/1808-4571-iPhone-XL.jpg


https://photos.smugmug.com/Architecture/...6G/0/014c5755/XL/1808-4570-iPhone-XL.jpg

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Last edited by delts145; May 17, 2019 at 10:35 AM.
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  #5499  
Old Posted May 17, 2019, 10:45 AM
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Update, Border Central/Southern Metro - Podium Breaks Ground On New Headquarters


By Art Raymond, Deseret News

Utah's Podium is on an incredible growth arc since launching its reputation and customer interaction software in 2014. On Thursday, the company broke ground for a new $20 million headquarters.

Podium innovated a cloud-based platform that helps offline businesses attract, communicate with and retain customers through the careful management of their online presences and messaging tools.

While the business began in co-founder and CEO Eric Rea's Provo apartment five years ago, it is now pulling in $60 million annually in recurring revenue and employs 500. The new, 130,000 square-foot, five-story facility will allow Podium to accommodate over 800 additional staff members. “We’ve been helping local businesses modernize the way they interact with customers, and as they’ve grown, so have we,” said Rea. “Local businesses are the lifeblood of our economy and our communities. This new building will allow us to continue to scale and grow to help fill the communication gap between those businesses and their customers.”
Podium has attracted the attention of a slew of heavy-hitting venture capital firms and raised over $92 million in venture funding to date. The latest capital infusion came in last year's $60 million Series B round, led by Silicon Valley's Institutional Venture Partners, with participation from GV (formerly Google Ventures), Accel, Summit Partners and Y Combinator. Thursday's groundbreaking comes just nine months after Podium cut the ribbon on a new $10 million, 125,000 square-foot facility, located right next door to the new building...



Rendering of Podium's new Lehi facility that broke ground on Thursday. One of the fastest growing software-as-a-service companies in the country, Podium helps offline businesses attract, communicate with and retain customers through the careful management of their online presences. - https://media.deseretdigital.com/file/9ff4f91493?resize=width_1200&type=jpg&c=6&a=e0717f4c


https://media.deseretdigital.com/file/fe52a50006?resize=width_100&type=jpg&c=6&a=9c8d13b4


https://media.deseretdigital.com/file/ea8d113219?resize=width_1200&type=jpg&c=6&a=e0717f4c

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Old Posted May 17, 2019, 10:50 AM
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Salt Lake City & MSA/CSA Rundown

Spring storms over Salt Lake City's Metro Canyons

https://davekochphoto.com/wp-content/uploads/2018/06/8101243-Pano-Edit-Edit-1920x910.jpg

Red lighting means rain in the forcast

Photo By AjiuO


'The Front' Climbing Club's New Digs - Under Construction

Check out the Video - https://frontslc.com/ws/newest-addition-to-the-front-family/

We are ecstatic to announce that construction on our new ground-up facility in the Salt Lake Valley has officially commenced!

Our new, full-service facility is being built, as always, with you in mind, and will have more of everything you need to scratch that climbing itch – more rope climbing, more bouldering, more yoga space, more workout space, more training space, more (ahem) parking… all within spitting distance of the gym you already know and love!

The Front Climbing Club’s mission is to provide an inspiring community hub dedicated to growing the active and adventurous spirit. As we expand, we will continue to build site-specific and one-of-a-kind facilities, shifting the script from the big-box approach to a localized and granular method focusing on the surrounding environment and community.

Nobody is more familiar with our mission than long-time Front member and architect of TWO Front Climbing Club’s, Hannah Vaughn, so we sat her down to discuss the vision for the new gym and for our company as a whole...




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Last edited by delts145; Jun 7, 2019 at 9:16 PM.
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