Posted Jul 12, 2017, 12:09 PM
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Join Date: Sep 2013
Posts: 862
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Quote:
Originally Posted by delts145
Thanks Airhero for the rundown on the City Creek/Grandview Peak area.
This purchase by Held Properties of the formerly proposed VOID site should be interesting. This family has developed, owned, and or more recently unloaded a number of Class A 'medical services related properties'. All of their property dealings in the Los Angeles area have been located among L.A's most pricey locales. One, such as the UCLA Medical Center, which they have sold, is about as exclusive a property as one can own in Los Angeles. It would seem that their currently owned properties are both large, and located among some of the priciest real estate in Century City and Santa Monica.
It was just the other day when one of us, I can't remember who, was lamenting the lack of offices/services related to the medical field in the CBD. I'm anticipating or at least hoping that these new owners are about to develop a Class A "Medical Center" Downtown. That I think would be a fantastic prospect, not to mention a needed missing piece of service for the Downtown Area.
Perhaps, it would be a development that is symbiotic with the U. of U., like so many medical services developments that have been constructed in recent years. I get the impression that Held Properties is flush with capital, and have been waiting out one of the worst real estate cycles in decades long history. It would seem that they are ready to get back into the game, and Salt Lake City's CBD is prime for their niche of development. That niche being Class A Commercial, Medical Services Development. Hopefully, it will be at least a ten story, attractive contemporary structure for that important corner...
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I like this idea a lot. I'm going to guess that they do something similar to the Void Center. Hotel and office. I'm also guessing that given the encomy and demand, they will want to move fast on developing whatever it is they have in mind...but then again it's still the empty void center lot for a reason. But oh to imagine
Last edited by EPdesign; Jul 12, 2017 at 12:23 PM.
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