Salt Lake:Official development news thread

[delts145]

The Village at Sugarhouse

Siteplan and information...

http://www.cbcslc.com/pmail/simonsen/village/Sugarhouse.pdf

[delts145]

Developer meets deadline to fix up Sugar House work site

http://www.sltrib.com/news/ci_9783617


Evidence of landscaping efforts at the Sugar House site is seen here on Monday. (Scott Sommerdorf/The Salt Lake Tribune )

Still readying plans for a seven-story office and condo tower and retail shops at 1100 East and 2100 South, the developer has landscaped the perimeter of the site and shored up security fencing.

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[SLC Projects]

Originally Posted by delts145

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Why do I have a bad feeling that the site will just stay like that for years to come before this project or another project comes along.

[Neuroguy]

Originally Posted by ctobsl

"visitors can gaze out on the Salt Lake Valley from a bird's-eye view"

Yes that may be true, but one can only view the West side of the valley, not the East. The East side of the valley was cut off to the public.

I think you are confusing your directions. The North side-East and West decks are still open to the public, I was just there a couple of weeks ago. The South has been closed off.

[wrendog]

Thanks for the well wishes. Everything is going great! Now, back to your regularly scheduled skyscraper talk.

[ctobsl]

Originally Posted by Neuroguy

I think you are confusing your directions. The North side-East and West decks are still open to the public, I was just there a couple of weeks ago. The South has been closed off.

You left off a key point of my message.... I said "Last time I was up there was in the late 80's." I'm sure things have changed sinse then. Have a nice 4th of July!

[RFPCME]

Originally Posted by SLC Projects

Why do I have a bad feeling that the site will just stay like that for years to come before this project or another project comes along.

Projects: I share the same bad feeling. There is something wrong with this project. Don't know what it is, but I suspect the project has hit a financing snag. How did this project get approved in the first place. Pardon my stupidity, but I assume in order to get demolition and building permits for the city there must be some financial statement that must be approved. How else would a city prohibit purely speculative development that may result in vacant eyesores for years to come. Does someone know the answer?

[delts145]

^^^
Gentlemen, I wouldn't be at all overly pessimistic about this little piece of development. This is probably one of the hottest pieces of potential in one of the nations hottest markets. At the very worst we'll see a phased-in schedule.

My gut tells me that this project will commence in the near future. It won't be in perhaps one fail swoop, as would have been the case, if the national economic trend were more stable. However, the SLC market is still among one of the nations most comparitively sound investments. We'll see respectable chunks of this project up and going within the next year, if not three to six months.

If the local economy resumes it's former hyper-growth by early to mid 2009 as many have predicted, then the Sugarhouse project will be fully completed much sooner than later. Again, this is a plum project in a plum area, with little at this point to discourage already committed financiers. It's just a matter of proceeding with caution, and a bit of a speed adjustment.

[Callasphile]

http://www.urbanaoneleventh.com/

Here is a link to a new condominum project being built in sugarhouse. I think that this is a good example of how to build in neighborhoods like sugarhouse infill development that respects the character of the place. As opposed to the two other major developments there now that feel the need to swipe the slate clean and start over and in the process destroyed what made sugarhouse unique.

[wrendog]

^^^^^^^ Not the greatest design, but it will be a nice project.

[RC14]

Originally Posted by Makid

The North side of the 26th floor is available for tours and viewing both East and West of the building.

The South side of the 26th floor has been set aside as a banquet/ball room area for employees. They used to have the Christmas parties and other holiday gatherings there.

Regarding building height. I think that they are stating 435' from the plaza on the South side of the building. Isn't official building height measure from the street side? North Temple is roughly 15' higher then the South side plaza.

435' is including the antenna hight.
I worked as a custodian at the COB for about a month. The view of Main St from the 26th floor is awsome, it makes SLC seem alot bigger. It's a shame it's not accessible to the public.

[Future Mayor]

Originally Posted by Callasphile

http://www.urbanaoneleventh.com/

Here is a link to a new condominum project being built in sugarhouse. I think that this is a good example of how to build in neighborhoods like sugarhouse infill development that respects the character of the place. As opposed to the two other major developments there now that feel the need to swipe the slate clean and start over and in the process destroyed what made sugarhouse unique.

This is the true definition of Infill, in my humble opinion.

[delts145]

Originally Posted by wrendog

^^^^^^^ Not the greatest design, but it will be a nice project.

Agreed, while it is a big improvement over the empty parking lot it is replacing. I don't think it's design is as attractive as the The Village or Granite Block developments. It's definately not in the same universe as far as inherent complications.

[delts145]

Salt Lake City - Oasis for trade?

SLC trying to re-establish its foreign-trade zone to bolster Utah companies' profits

http://www.sltrib.com/business/ci_9795052


Illustration (Amy Lewis/The Salt Lake Tribune)

...hundreds of Utah companies will be able to bolster their profits by reducing the duties they pay the federal government when bringing foreign goods into the country for manufacturing and other uses.
"We're not talking a few dollars in savings here. We're talking hundreds of thousands of dollars for some companies," ...

Although Salt Lake City tried unsuccessfully to establish a viable FTZ in the late 1970s and again in the mid-1990s, city officials vow that this time things will be different. "This is definitely going to happen," Farrington said. "We have a strong partner now."
The city has teamed up with The Rockefeller Group, which is among the premier FTZ development firms in the country.



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[RFPCME]

Originally Posted by delts145

^^^
Gentlemen, I wouldn't be at all overly pessimistic about this little piece of development. This is probably one of the hottest pieces of potential in one of the nations hottest markets. At the very worst we'll see a phased-in schedule.

My gut tells me that this project will commence in the near future. It won't be in perhaps one fail swoop, as would have been the case, if the national economic trend were more stable. However, the SLC market is still among one of the nations most comparitively sound investments. We'll see respectable chunks of this project up and going within the next year, if not three to six months.

If the local economy resumes it's former hyper-growth by early to mid 2009 as many have predicted, then the Sugarhouse project will be fully completed much sooner than later. Again, this is a plum project in a plum area, with little at this point to discourage already committed financiers. It's just a matter of proceeding with caution, and a bit of a speed adjustment.

Delts: Per usual, you're probably right. If it isn't Mecham, it will be someone else. I keep forgetting that the Salt Lake market is so incredibly resilient. And the area in question is a prime piece of real estate. I guess I'm letting my distaste for the developer color the inherent strength of the concept.

[RFPCME]

First, pardon the double post.

Second, I had a chance this weekend to see the executive summary the State of Utah submitted to the Air Force for locating the permanent headquarters of the USAF Cyber Command at Hill AFB. Outstanding proposal. There is a chance, although probably no better than 50/50, that Hill AFB will wind up as the new headquarters for Air Force Cyber Command.

I say no better than 50/50 because the proposal made clear a glaring disadvantage in Utah's generally rosy development environment--all of the State's colleges and universities (including BYU) produce only 1,200 technology graduates (engineering and the physical sciences, including mathematics) a year. While this may sound like a lot for a state of less than 3 M people, it is clearly not enough to supply the 5 to 10K contractor jobs that will follow the command within the first year or two of operation, leaving too many critical jobs to be filled by relocation, which seldom attracts more than 20 % of necessary personnel.

I raise this issue because maybe it's now time to address another impediment to development in Utah (in addition to Salt Lake Intl.)--that is, the lack of science and engineering grads coming out of local institutions. The state produces more than enough technicians, but not nearly enough technical people with bachelors degrees.

The schools cannot be just diploma mills either. There must be research going on as well, to attract and keep first rate faculty and to do the necessary basic research that only a university can do.

Maybe it's time to create a new institution because investing in existing institutions will water down the investments across all colleges and universities. Maybe it's time to build something like a Utah Institute of Technology, patterned after MIT, Carnegie Mellon, Duke, Ga Tech, Purdue,Texas Tech, and Cal Tech, to name just a few. The economic benefit from such a school would be beyond belief.

[delts145]

Housing development: Budget, Earth friendly - Developer creates energy-efficient buildings for Utah's low-income tenants

http://www.sltrib.com/business/ci_9804415


Solar panels on the roof of The Stratford in Salt Lake City help keep tenants' energy bills low. (Rick Egan/The Salt Lake Tribune)


The Stratford Apartments, at 169 E. 200 South in Salt Lake City, opened in March 2007. The creation of developer Ben Logue, they have low rents and are designed to keep energy use and utility bills low. (Rick Egan/The Salt Lake Tribune )

The Stratford is the creation of developer Ben Logue, whose specialty is renovating older buildings and transforming them into affordable housing projects, such as the Stratford at 169 E. 200 South, which opened in March of last year. Rents are about $350 a month for a studio unit.


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[Viperlord]

Photos courtesy of

please visit for more photos...
http://ballardphotographix.com/index.htm

check out his main street section
http://ballardphotographix.com/PortfolioMainSt.htm

I hope they dont mind me sharing some photos with you guys. I thought you would enjoy these awesome pics.

Capitol Theatre lobby



The old Utah Theater on main street...in 2005

[SLC Projects]

I really enjoy some of those pics of main street. It looks like those photos were taken sometime in 2005 since we could see the reskin of the Zion Bank Tower in one of them. It will be fun to look back on those photos in a few years and see all the changes on main street once CCC and 222 South Main projects are done.

[delts145]

I keep wondering what the latest update is on the theatre situation? Has anyone heard anything through the grapevine lately?