SALT LAKE CITY | Development Thread

[delts145]

Downtown - Updates - T-Mac

Originally Posted by T-Mac

Church History Library

T-Mac

[RFPCME]

Originally Posted by delts145

RFPCME, I've been wanting to ask you more about the oil shale program start-up in Northeastern Utah. Do you know if they are ready to implement the liquification process yet, so as to not have to strip-mine as they've had to do up in Alberta? What are you hearing about them kicking that oil boom into high gear.

Delts: Below is a link to an article from last summer that covers the subject pretty well. The are two drastically different approaches: "in situ," meaning recovery underground, requiring no mining, and, of course, "mining." Both approaches will yield oil at between $60-$75 per barrel, including environmental mitigation.

Ironically, the "in situ" approach is the environmentally most dangerous, considering the vast amounts of power necessary and the potential for contamination of water resources. Not going to see much oil out of this approach for at least another 5 years, possibly longer.

Just as ironic, mining, which will not be strip because of the terrain, has the huge environmental advantage of pretty much refining the oil on site during the recovery process. Mining-and-recovery does not require the vast amounts of power and water the "in situ" process does. Current cost estimates are around $30 per barrel, which I would expect to go up. But the recovery and refining costs are so small in today's market, the economics are provocative. Small, pilot plants will put as much as 5K barrels a day into the SLC pipeline within 18 months, possibly sooner. Potentially 10 times that amount within 10 years and that is just the beginning.

Most ironic, the politics of oil shale development seem bi-partisan. The 2005 Energy Development Act is moving things along, although local members of Congress do not appear knowledgeable nor at the forefront of the discussion. A change in administration will not slow this effort down. In fact, it may accelerate it.

I will make some more inquiries and try to get more knowledgeable.

http://www.connect-utah.com/article....1&iid=58&sid=3

[RFPCME]

What I forgot to mention in my earlier post concerning oil shale development in eastern Utah is the impact on Salt Lake City.

To be sure, there will be jockeying between SLC and Denver to see who gets most of the back-office infrastructure necessary to support the development. SLC has a natural geographic advantage. Denver has the experience.

To me, what needs to happen very fast at the State and local level is an acknowledgment of the potential and plans made to make the most out of it. For example, the development will require international capital...no question. It would be nice to see the Governor's office put together a "trade mission" to the Middle-east, especially the Persian Gulf States, to form the personal and financial ties necessary to fund the development and equip it. The construction of the Burj Dubai (the world's tallest building by far) in Dubai is just one example of how important these connections will be. My guess is that this activity is more than enough to keep Utah's World Trade Center immensely active for the foreseeable future and to fund its development.

Next, it would be nice for local planners and developers to propose plans for a massive "Energy Center" somewhere in the CBD of SLC to provide important co-location of businesses required to support the development. Such plans would demonstrate local initiative and perception.

Finally, anything that can be done on the State level to bolster engineering, geological, and geo-physical education and research in the State will be a big plus. As well, plans to improve transportation infrastructure need to be made. A rail spur from the current UP lines in Carbon and Grand counties to the production areas is a good example.

[delts145]

Various Downtown SLC Updates by T-Mac

Originally Posted by T-Mac

One & Nine Condos






Kirtland Condos






Broadway Park Lofts

T-Mac

[delts145]

Originally Posted by RFPCME

What I forgot to mention in my earlier post concerning oil shale development in eastern Utah is the impact on Salt Lake City.

To be sure, there will be jockeying between SLC and Denver to see who gets most of the back-office infrastructure necessary to support the development. SLC has a natural geographic advantage. Denver has the experience.

To me, what needs to happen very fast at the State and local level is an acknowledgment of the potential and plans made to make the most out of it. For example, the development will require international capital...no question. It would be nice to see the Governor's office put together a "trade mission" to the Middle-east, especially the Persian Gulf States, to form the personal and financial ties necessary to fund the development and equip it. The construction of the Burj Dubai (the world's tallest building by far) in Dubai is just one example of how important these connections will be. My guess is that this activity is more than enough to keep Utah's World Trade Center immensely active for the foreseeable future and to fund its development.

Next, it would be nice for local planners and developers to propose plans for a massive "Energy Center" somewhere in the CBD of SLC to provide important co-location of businesses required to support the development. Such plans would demonstrate local initiative and perception.

Finally, anything that can be done on the State level to bolster engineering, geological, and geo-physical education and research in the State will be a big plus. As well, plans to improve transportation infrastructure need to be made. A rail spur from the current UP lines in Carbon and Grand counties to the production areas is a good example.

Thanks RFPCME for the info. This is potentially a very exciting prospect on many fronts. The Governor tends to be at the forefront of these types of issues. I do hope that his attention is not so spread out, that he is not able to focus on the necessary linchpins of this prospect. Hopefully he has some sharp assistants who are carrying out the day-to-day ball on this. This is the type of development that spurs the growth of density and height in a downtown!!

[Future Mayor]

It's nice to see, despite the national economy, the continued building of all the various residential projects going up around the city. It goes to show you that Utah's economy somehow continues to be slightly more resilient than the majority of the country.

A resilient economy, continued home appreciation, the merger of the airlines, the LDS church's dedication to rebuilding downtown, along with the potential economic boom of oil shale truly paints a nice economic future for the entire state and for the capital city.

[RFPCME]

Originally Posted by Future Mayor

It's nice to see, despite the national economy, the continued building of all the various residential projects going up around the city. It goes to show you that Utah's economy somehow continues to be slightly more resilient than the majority of the country.

A resilient economy, continued home appreciation, the merger of the airlines, the LDS church's dedication to rebuilding downtown, along with the potential economic boom of oil shale truly paints a nice economic future for the entire state and for the capital city.

Future Mayor:

Very well said!

[delts145]

Cats back on guard at the Capitol

http://www.deseretnews.com/article/1...272666,00.html



A marble lion weighing around 17,000 pounds adorns the east-side steps to the state Capitol in Salt Lake after it was hoisted to its spot Monday. Eventually, the statehouse will have four such gaurdians - "Fortitude," "Intergrity," "Patience" and "Honor" - Which replace concrete versions. (Tim Hussen, Deseret News)

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[delts145]

SLC Metro - West Valley Mall Begins Overhaul


Valley Fair revival: Construction begins today on mall's renovation

http://www.deseretnews.com/article/1...272894,00.html


(SatterfiekHelm management Inc.)

WVC to breathe new life into mall
38-year-old Valley Fair will see start of overhaul today


By María Villaseñor
The Salt Lake Tribune
Article Last Updated: 04/22/2008 11:31:14 PM MDT

WEST VALLEY CITY - Dulce Perez wants stores with more high-end women's clothes.
Her sister Ofelia wants a place where her kids can play if they get bored when she shops.
Mayor Dennis Nordfelt wants a mall that revitalizes Utah's second-most-populous city.
"I'm really excited for the citizens of West Valley City to be able to look forward to the best mall in the valley," he said.
Valley Fair Mall is getting an overhaul - a ceremonial groundbreaking is planned for today - that will turn the 38-year-old venue into a nearly 1 million-square-foot shopping and entertainment center.
"It will be the crowning jewel of our city center," Nordfelt predicted.
Planning a downtown is in its preliminary stages, but West Valley City recently began buying property in the area. The goal is to revitalize the blocks surrounding City Hall - including the mall - with a blend of businesses and homes.
Valley Fair's Sandy-based owner, Satterfield-Helm, originally planned to build residences as part of the mall makeover. But the company scrapped the idea because it needed the space for city-required parking, and underground lots would take too much time and money to build.
Even so, the reshaped plan - an indoor-and-outdoor shopping center with an urban feel - will create a place "where you can spend the day," said Holly Curby, the mall's marketing director. "It's exciting to undergo this development, revitalize the area and bring new services to these shoppers."
Self-proclaimed "shopping rebels" Tami Bohannan and Cheryl Haws, of West Valley City, want to see restaurants and the types of stores that appeal to them - places like Aéropostale and Christopher & Banks.
"They've got to cater to the minority here," Bohannan said, standing in front of Frog World, which sells amphibian-inspired gifts and decorations, and is a few feet from Asian-clothing Trung Thanh Fashion and Latino general store The Bazaar. "I feel like I've stepped into Little Mexico."
Curby said she could not name possible tenants. But in presentations to the City Council, the owners have shown site plans including businesses such as PetCo, Best Buy and Ross Dress for Less. An Olive Garden restaurant might move in during the first phase of construction on the northwest corner.
"That's the best news I've heard," Haws said.
[email protected]


The Revamp

* INITIAL PHASE: Costco built on the southeast parking lot. Completed August 2007.
* PHASE ONE: Restaurants and shops at the northwest parking lot, along 2700 West and 3500 South. Construction starts this month; projected completion, fall 2008.
* PHASE TWO: Face-lift on west side of existing mall, adding restaurants, stores and a promenade. Construction projected to start January 2009, finish in fall 2009.
* PHASE THREE: More stores along the south parking lot. Construction begins spring 2009, finishes in fall 2010.
* PHASE FOUR: Remodeling and additions to east side of existing mall. Construction starts fall 2009, finishes spring 2010.
Source: Valley Fair Mall


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[delts145]

Downtown - Alliance shares its vision for a 'cultural district'

http://www.deseretnews.com/article/1...273352,00.html

From housing in the former Salt Lake Tribune building to a new home for the Salt Lake Art Center, the Downtown Alliance is circulating maps and artistic renderings of its vision of a "cultural district" in downtown Salt Lake City.
The plans hinge on the announcement of the site of a Broadway-style theater, still a month away.

Among the alliance's suggested locations for the Broadway-style theater are the historic Utah Theater, at 148 S. Main; the headquarters of the former Newspaper Agency Corp., 157 S. Regent St.; a parking lot across from the Rose Wagner Center at 138 W. 300 South; and several downtown parcels owned by Earl Holding, owner of Sinclair Oil, Little America hotels and Idaho's Sun Valley resort...



An artist's rendition of possible housing on Regent Street between 200 South and 100 South, looking north. (Downtown Alliance)


This is how Regent Street looks now. Proposed housing would replace the old NAC building. (Tom Smart, Deseret News)


Salt Lake Art Center would be built on the corner of 200 South and Regent Street, where an empty building now stands between 200 South and 100 South, looking north. (Tom Smart, Deseret News)


Conceptual of Salt Lake Art Center

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[delts145]

Salt Lake City Metro Resorts - Park City - Yarrow Hotel: demolish and rebuild

'Three-star' hotel isn't good enough in competitive Park City, owner says

...Park City is enjoying a post-Winter Olympic tourism boom, and the city's phenomenal popularity is influencing landowners to put up the nicer lodges...

http://www.parkrecord.com/todaysheadlines/ci_9016668


Yarrow Hotel

The family that owns The Yarrow wants to demolish the standard-bearer hotel and build a much swankier lodging property at the site, more evidence, observers say, of Park City's move toward the upscale...

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[delts145]

In passing this Interchange along I-15 the other day, I noticed buildings going up like crazy. A lot of Class A office construction and multi-unit residential going on here right now.

Southern Metro - Pleasant Grove - Construction begins on Embassy Suites Hotel and Convention Center.

New Article and Link:http://www.heraldextra.com/content/view/262969/

1st rendering released


2nd and newest rendering. I think this is still what will be planned in the updated article (link above) they say that some modifications were made to accomodate seimic requirements for the plot. In looking at the old article that was released with rendering #2 below, it would seem that no downsizing has occurred. This tower pictured below will accomodate 300 suites and the Mariott Courtyard another 250 plus.

"The number of rooms, parking spaces and size of the convention center will be pretty much the same as the original plan," said Bradford. The original plan included 300 suites, a 40,000-square-foot ballroom and more than 120,000 combined square feet of meeting and convention space.

Old Article:Original Article below released with Rendering #2 Note: read above link for updated article
PLEASANT GROVE - A suite deal is propelling Pleasant Grove into the big leagues.
Developers unveiled updated plans Tuesday to build two large hotels (an Embassy Suites and a Courtyard Marriott), three restaurants and a spacious convention center at this northern Utah County city's so-called "$350 million intersection."
"This rivals anything in the state of Utah, even in Salt Lake City," Pleasant Grove Mayor Mike Daniels said. "This is a tremendous facility."
The project will be financed partly by one of the nation's largest hotel developers, John Q. Hammons, along with bonds financed through a Utah County hotel-tax hike and future property tax revenues from the development.
An investment and banking firm has projected the hotels and convention center would generate $51 million a year.
Hammons said Tuesday his Pleasant Grove project will offer 520 hotel rooms and more than 100,000 square feet of meeting space in a convention center with 28- to 30-foot ceilings.
The first leg of construction, the 14-story, 300-suite Embassy Suites Hotel, is scheduled to begin June 1, Hammons said. He expects construction to take 14 to 21 months, with an opening in October 2008.
The Courtyard Marriott is slated for a 2008 groundbreaking, followed by a 2009 debut.
Hammons said the project, which would boast 350 to 450 employees, is in a prime location - near Interstate 15 and Pleasant Grove Boulevard and not far from Brigham Young University and Utah Valley State College.
The hotel site also is adjacent to a planned 1 million-square-foot lifestyle center. That area would provide a mix of entertainment, restaurants and national and Utah retailers.
Dennis Baker, the property owner, said he has been talking with national real estate trusts, though he would not say who the anchor tenant might be.
Daniels, the Pleasant Grove mayor, pointed out the enhanced revenues would ease the tax burden on residents and create career jobs.
"I'm convinced, in the near future, Salt Lake will learn Pleasant Grove is a competitive force in the state," Hammons said.

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[delts145]

Downtown - City Creek - Tower 1

Originally Posted by SLC Projects

How far along are we?....

Tower 1

[SLC Projects]

LOL, we still have a ways to go on tower 1. Looks like crews will be working on level two of the underground parking here real soon. One down four to go.

[delts145]

Downtown Adj. - More cash for Trolley Square overhaul
- Loan relies on Whole Foods



mediabonnint.net

By Paul Beebe
The Salt Lake Tribune

The investment company that bought Trolley Square in Salt Lake City three years ago has added another $25 million to the downtown-area mall's expansion and renovation budget.
ScanlanKemperBard Cos. replaced an existing loan with a $74 million package that will allow it to build a previously announced Whole Foods Market grocery store, rebuild a parking garage and add 33,000 square feet of retail space, Tom Bard, a principal of the Portland, Ore.-based firm, said Monday.
"We needed a larger loan to accomplish the increased scale of the project. The best way of accomplishing this was to refinance the loan," Bard said.
The decision to borrow more money came after ScanlanKemperBard signed a lease with Whole Foods. Bard said the 53,260-square-foot store, scheduled to open in 2010, is expected to boost shopper numbers at Trolley Square. The promise of more customers made it possible to expand the "lifestyle" center further, Bard said.
"The feeling was attracting a business such as Whole Foods was well worth the investment because of the additional traffic it would draw, and their customer is the same customer who is attracted to Trolley Square. So it's mutually reinforcing," he said.
The 200-stall parking garage on the west side is expected to be finished this fall. Construction of Whole Foods may start at the same time. Bard said the building will be turned over to Whole Foods in the summer of 2009. The store will open early the following year.
No tenants have been announced for the 33,000-square-foot retail addition. It should be finished in the spring of 2009.
ScanlanKemperBard Cos. bought Trolley Square from Simon Property Group in 2006. The four-building complex was originally built in 1908 as a trolley car barn. It currently houses 32 tenants and is 61 percent full.
In a related matter, Wells Fargo bank will move to a new location inside the main Trolley Square building this summer. Work on the 3,600-square-foot space began in March.
Wells Fargo is currently housed in the Sand Building on the east side of the shopping center.


Looking west towards The Old Spaghetti Factory on the second floor of Trolley Square. (Rick Egan/The Salt Lake Tribune )


Work is under way at Trolley Square mall. (Rick Egan/The Salt Lake Tribune )


The Company redeveloping and expanding Trolley Square is pumping another $25 million into the mall. (Rick Egan/The Salt Lake Tribune )

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[delts145]

Downtown - Bridges at Citifront Update - T-Mac



site plan - bridgesatcitifront

Originally Posted by T-Mac

Bridges at Citifront

T-Mac

[delts145]

Downtown - City Creek - Social Hall Block Update - T-Mac

Originally Posted by T-Mac

Here are some photos of the Social Hall Block.

T-Mac

[delts145]

Downtown - Oddfellows Hall Update - T-Mac

Originally Posted by T-Mac

Odd Fellows Hall

Getting ready for her move.









Her new home.

T-Mac

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[delts145]

Downtown Updates by T-Mac


allenmillo.com

Originally Posted by T-Mac

Broadway Park Lofts
These guys are going very slow.








Records Library Update

T-Mac

[delts145]

Downtown - 337 - Condemned building became a commercial-free art gallery

http://www.deseretnews.com/article/1...273669,00.html


City Center Lofts to begin construction on this site

flickr link: http://www.flickr.com/photos/richleg...7600269819667/


Adam Price holds a ceremonial sledgehammer during the demolition. Condominiums made of recycled steel will be buiilt on the site. (Tim Hussin, Deseret News)


(Tim Hussin, Deseret News)

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