Salt Lake City: Official Development News Thread - Part 5

[bob rulz]

Originally Posted by airhero

I'm veerry skeptical of the numbers above saying a train would be cheaper than a gondola. How could that possibly be true?

Gondolas would require permanent support structures built solidly into the ground, which is not cheap. I would assume that's where most of the cost would come from.

[delts145]

Originally Posted by bob rulz

Gondolas would require permanent support structures built solidly into the ground, which is not cheap. I would assume that's where most of the cost would come from.

Probably the thing that concerns me most about the gondolas are those substantial support towers gunking up the beauty of that very narrow, iconic, gorgeous Canyon. I know we have to do something about the traffic situation, but c'mon, those large Alps style gondolas with their large support towers will be a visual monstrosity in one of the Rockies prettiest canyons. I prefer the rail proposal as presented over the gondolas. We're going to have to live with this for the next century, so let's get it right. Large utility like towers trailing all the way up that narrow canyon do not belong!

[Makid]

On a development side, it looks like Liberty Sky is about 70% complete with 30% left until it tops out.

At the rate they are going, we should hopefully see it top out in April I think.

[airhero]

Originally Posted by delts145

Probably the thing that concerns me most about the gondolas are those substantial support towers gunking up the beauty of that very narrow, iconic, gorgeous Canyon. I know we have to do something about the traffic situation, but c'mon, those large Alps style gondolas with their large support towers will be a visual monstrosity in one of the Rockies prettiest canyons. I prefer the rail proposal as presented over the gondolas. We're going to have to live with this for the next century, so let's get it right. Large utility like towers trailing all the way up that narrow canyon do not belong!

Yeah I was thinking the same thing. But while gondolas are more visually imposing, they are less imposing in almost every other way. They wouldn’t require regrading the terrain for construction (at least not to nearly the extent of trains). They wouldn’t require the removal of trees/vegetation anywhere near the amount that train construction would. They’re extremely quiet. Less disruptive to animal life. I think they emit far less pollution as well.

But I suppose since we already have plenty of auto traffic up the canyons a lot of the cons about trains are already present, and gondolas would just add a new imposition.

[Blah_Amazing]

I thought I would go on Loopnet and see what properties are for sale right now in Salt Lake City, since they are more than likely to be bought up for redevelopment purposes. I knew a few, but I was surprised and excited by others.

Here are the listings:

176 W 600 S
https://www.loopnet.com/Listing/176-...y-UT/21529830/

1.34 Acres of Commercial Land
D-1 Zone (Corner)
Registered Opportunity Zone Property. It's the furthest west D-1 zoning, making it a landmark location in the downtown skyline.
Downtown Salt Lake City’s growth continues to expand across all fronts with numerous high-rise residential, office and hotel developments under construction.

SITE ALSO CAME WITH "TALL RESIDENTIAL RESIDENTIAL OPTION" CONCEPT!








They even had a video! (I had to post it to Youtube in order to include it)

• Video Link

I seriously hope whoever buys the property decides to build this tower on the site. I personally think the tower design looks fantastic!

205 E 200 S
https://www.loopnet.com/Listing/205-...y-UT/21469990/
Site of the cancelled Block 200 project.

1.3 Acres of Commercial Land
D-1 Zone (Corner)
Approx. 1.3 Acres. (Seller is working through legal separation and delineation of surface lot from data center. Seller will retain the surface lot.)
This offering provides the opportunity to acquire a CENTRAL BUSINESS DISTRICT DEVELOPMENT SITE in Salt Lake City, Utah. The Site consists of 1.3 acres and delivers premium corner visibility along 200 South, the City’s primary corridor into the heart of downtown. Downtown Salt Lake City’s growth continues to expand across all fronts with numerous high-rise residential, office and hotel developments under construction. The Site offers visionaries the chance to join this unprecedented growth and redefine the downtown skyline with a landmark development.

443 W 400 N (Under Contract)
Directly adjacent (to the east of) the proposed Ice House Apartments project.
https://www.loopnet.com/Listing/443-...y-UT/21226697/

1.23 Acres of Commercial Land Offered at $4,018,000
Desirable zoning allows for medium-density (up to 105’) and a variety of development uses.
Downtown Salt Lake City delivers one of the most attractive areas in the country to both live and work. The Development Site’s immediate proximity to public transportation, significant employers and the city’s leading entertainment experiences allow the opportunity to be an integral part of Downtown’s robust expansion.

750 S 400 W - Granary District Development Opportunity (Under Contract)
https://www.loopnet.com/Listing/750-...y-UT/19260778/

6.99 Acres of Commercial Land Offered at $27,403,000
Zoning: CG (General Commercial)
This offering provides the ability to acquire one of the largest remaining Development Opportunities in Salt Lake City’s Granary District, consisting of 6.99 acres and zoned for high-density mixed-use. The properties offer an irreplaceable location and are situated centrally among the areas three primary growth drivers, which consist of creative office, mixed-use and multifamily projects. The properties offer outstanding exposure with frontage along four of the District’s primary development corridors. Additionally, the properties currently feature both office and industrial buildings. The current Owner/Occupier, Trillium, desires to lease back the properties for 18 months, thereby allowing the new Owner to realize income during the development process.

220 S 200 E
https://www.loopnet.com/Listing/220-...y-UT/22033328/

0.48 Acres of Commercial Land
D-1 (Central Business District) Midblock
DESCRIPTION: The Site offers three levels of structured parking and the 25,520 square foot CHANCELLOR BUILDING. Currently, the building is 74% occupied, with the last lease expiring in December 2022. The In-Place Net Operating Income is approximately $270,000 and offers significant income while the development process begins.
The Site consists of 0.48 acres and is the only property on the block to offer dual frontage for retail/commercial on both 200 East and Edison Street, one of downtown’s most unique and edgy alley-way streets. Downtown Salt Lake City’s growth continues to expand across all fronts with numerous high-rise residential, office and hotel developments under construction.


150 E 700 S
https://www.loopnet.com/Listing/150-...y-UT/21673718/

0.62 Acres of Commercial Land Offered at $2,700,000
Prime Downtown Salt Lake City Development Site. D-2 zoning permits multifamily, office and retail.
DESCRIPTION: 125' max build-able height and no setbacks. Located just off of state street and near an abundance of developments. 2 structures on the property - being sold "as-is". Value is in the land. Located in the Qualified Census Tract (QCT) Includes parcel number 16-07-104-004 Do not disturb Tenants
EXECUTIVE SUMMARY: 0.62 acres for sale at $2,700,000 located in Salt Lake City.


2111 S 1300 E
https://www.loopnet.com/Listing/2111...y-UT/19693977/

0.82 Acres of Commercial Land Offered at $5,500,000
DESCRIPTION: This offering provides the ability to acquire the only privately held site located within Sugar House Park, Salt Lake City’s most notable 110+ acre park. The 0.82-acre DEVELOPMENT SITE is within the heart of Sugar House, one of the City’s most desirable, urban core destinations. Situated on the corner of 1300 East and 2100 South, the site offers easy access and one-of-a-kind, unobstructed views of the Wasatch Mountains.
EXECUTIVE SUMMARY: The ability to acquire the only privately-held site located within Sugar House Park, Salt Lake City's most notable 110+ acre park. The 0.82 acre DEVELOPMENT SITE is within the heart of Sugar House, one of the City's most desirable, urban core destinations. Situated on the corner of 1300 East and 2100 South, the site offers easy access and one-of-a-kind, unobstructed views of the Wasatch Mountains.


129 S 700 E
https://www.loopnet.com/Listing/129-...y-UT/18126404/

1.43 Acres of Residential Land Offered at $4,671,000
Site currently encompasses two zoning types, RMF-45 and SR-3. Assuming a rezone of the entire site to either RMF-45 or SR-3 and consolidation of all parcels as follows: • RMF-45 Zoning = approx. 60-70 units • SR-3 Zoning = approx. 40-50 units
EXECUTIVE SUMMARY: This offering provides the opportunity to acquire MULTI-FAMILY DEVELOPMENT LAND in Salt Lake City, Utah consisting of 1.43 acres. The site represents one of the few remaining development opportunities near downtown and is centrally located directly between the Central Business District and University of Utah.

16 S 800 W
https://www.loopnet.com/Listing/16-S...y-UT/21131950/

0.88 Acres of Commercial Land Offered at $2,300,000
High Density Possible. Studies Indicate 152 Units in an Opportunity Zone. North Temple RDA.

37 N 800 W
https://www.loopnet.com/Listing/37-N...y-UT/21060744/

0.75 Acres of Commercial Land Offered at $2,850,000
DESCRIPTION
Great development land in the North Temple RDA area. High density Residential zoning. 0.75 acre. TSA-UN-C. Opportunity Zone. Close proximity to mass transit and down town.
Preliminary density studies show that a +/-185 unit apartment building.
Lot Dimensions: 148' x 219'

839 S Mendon Ct (Under Contract)
https://www.loopnet.com/Listing/839-...y-UT/22012969/

0.45 Acres of Residential Land Offered at $1,100,000
2 parcels totaling .45 acre. Zoning is RMF 35 and SR3
Great location in the highly desired 9th and 9th area for Infill development

[Blah_Amazing]

Sorry, that post was a longer one.

[Atlas]

Nice find, Blah_Amazing. It's like an improved, residential version of the old 151 State proposal. Our skyline definitely needs some angles and curves so that would be a really nice addition.

[palmloverking]

Thanks for the awesome post, Blah_Amazing!

I like that residential tower concept, especially in its position as an outlier from the current concentration of highrises. Is this the potential tower that someone described as reminiscent of the Bank of America tower in New York a while back? Can't remember who, where, or when, but if this is the tower they were referring to then I definitely see it!

[Atlas]

No, that rumored tower was on the east side of Main at ~450 S. We haven't heard or seen anything else about it yet.

Lots of potential towers coming down the pipeline

[Old&New]

Lost Salt Lake City Gems:

From left to right (4 columns) w/ location:
Salt Lake Theatre (NW corner of State and 100 S),
Empress Theatre (aka Uptown Theatre)(CCC West Elm on Main Street),
Colonial Theatre (aka Victory Theatre)(graffitied storefronts on 300 South between Main and State),
Orpheum Theatre (aka Promised Valley Playhouse)(corner of Orpheum Ave. and State)


I have my fingers crossed we can save the Pantages by relocating the foyer and auditorium.

[Atlas]

IMO the greatest loss of that bunch is easily the Salt Lake Theatre. Built in 1861 and demolished in 1928 for a gas station, right? That's gotta be up there with the Newhouse in terms of biggest architectural tragedies in SLC's history.

[meman]

Thers is a 2nd tower crane going up on Temple Square.

[jedikermit]

This has probably already been shared by Old&New or someone else, but if not, this is a 3D virtual tour of the Pantages Utah Theater: https://my.matterport.com/show/?m=Fd4vp2gieEv

[taboubak]

Took a drive downtown today and I got to say. I am super impressed with the impact Patrinleys 650 main project has on the skyline. It is much more prominent than I thought it would be, awesome they will be building a second one too. Block 67 is also well off the ground and both structures are now about 3-4 stories high. Driving downtown and seeing the projects, it's clear SLC is finally reaching puberty.

[Comrade]

Originally Posted by Atlas

IMO the greatest loss of that bunch is easily the Salt Lake Theatre. Built in 1861 and demolished in 1928 for a gas station, right? That's gotta be up there with the Newhouse in terms of biggest architectural tragedies in SLC's history.

There's been a lot. But on scale alone, the biggest was all the historic architecture lost by the bulldozing of Richards Street to make way for Crossroads.

Yuck.

[Ironweed]

"Driving downtown and seeing the projects, it's clear SLC is finally reaching puberty."

Great quote!!

Another FYI. I have a close friend who has told me that the Masonic temple project is underway. They have fencing around the parking property and are conducting ground work.

Let's hope that SLC's adolescent growth squirt includes some NBA height!

[Stenar]

Originally Posted by Atlas

IMO the greatest loss of that bunch is easily the Salt Lake Theatre. Built in 1861 and demolished in 1928 for a gas station, right? That's gotta be up there with the Newhouse in terms of biggest architectural tragedies in SLC's history.

"In the 1920s, the theater was sold to Mountain States Telephone and Telegraph for $200,000. It was demolished in 1928 and replaced by a telephone exchange."

Not a gas station. It's still a telephone exchange. But still horrific that it was demolished.

[Utah_Dave]

Originally Posted by Ironweed

"Driving downtown and seeing the projects, it's clear SLC is finally reaching puberty."

Great quote!!

Another FYI. I have a close friend who has told me that the Masonic temple project is underway. They have fencing around the parking property and are conducting ground work.

Let's hope that SLC's adolescent growth squirt includes some NBA height!

I don’t remember any details about this one. Is there information on this project?

[SLC PopPunk]

The Kensington site has quite a few trailers, a mobile bathroom and large dumpster on it. Maybe they're starting some initial demo work?

[scottharding]

Originally Posted by SLC PopPunk

The Kensington site has quite a few trailers, a mobile bathroom and large dumpster on it. Maybe they're starting some initial demo work?

No, that was a film set. It'll be gone as fast as it appeared, if it's not gone already.