Salt Lake City: Official Development News Thread - Part 5

[wrendog]

This coronavirus is getting insane.

Rudy Gobert tests positive for coronavirus and the NBA is now suspended.

All travel to europe is cancelled for 30 days.

[bob rulz]

It's stupid. It's such a huge overreaction. Basically all fun things are going to be canceled, and on top of that we have to suffer through a Biden v Trump election.

Woops, sorry, too political.

[wrendog]

Originally Posted by bob rulz

It's stupid. It's such a huge overreaction. Basically all fun things are going to be canceled, and on top of that we have to suffer through a Biden v Trump election.

Woops, sorry, too political.

I sure hope it's a huge overreaction, but today has been nuts.

- March Madness announces games will be played with no fans (probably be outright canceled now)
- Rudy Gobert has coronavirus and NBA suspended
- Trump bans all travel to Europe for the next 30 days
- Multiple schools, festivals, sporting events canceled
- Freaking Tom Hanks and his wife have tested positive.

[delts145]

Just my luck. I haven't been back to Italy for a while now and had planned to visit this Summer. I wonder if this will pass by June or just keep getting worse, especially Italy!

[JMK]

Sorry if this is a repost

https://pegcompanies.com/news-articl...alt-lake-city/



Unique Art Deco-Inspired Apartment Community Approved for Construction in Salt Lake City

Known as The Revival, the proposed project will ring true to its name, bringing with it the construction of a new mid-block walkway and a revitalization plan for a portion of 200 W.

SALT LAKE CITY, Utah – A high-end apartment community is approved for construction in Salt Lake City’s Broadway District. Full-service commercial real estate leader PEG Companies [PEG] has received design review approval for the project from the Salt Lake City Planning Commission.



Located at 371 S 200 W, the 147,000 square-foot project to be known as The Revival will feature 142 sleek apartment units, ranging from studios to three-bedroom suites with balconies. Geared toward young working professionals, the unique design of the project will be the first of its kind in Salt Lake City. Future tenants can look forward to prominent geometric patterns, unique color schemes, and elegant finishes throughout the art-deco inspired interiors of this building—a modern twist on classic Western European design characteristics of the 1920’s. Architectural concepts include open floor plans, large floor-to-ceiling windows, and a leasing lobby with a 25-foot high ceiling.



Upon completion, The Revival will boast industry-leading amenities new to the area. The third floor will feature a 1,200 square-foot fitness center and spacious clubroom that overlook the outdoor terrace and seamlessly convert into an indoor/outdoor concept with large garage-like doors. The adjoining terrace will feature lush landscaping, elegant festoon lighting, an oversized spa, and outdoor grills with comfortable lounge areas scattered across the property.



PEG began pursuing the project in 2017, before the Tax Cuts and Jobs Act designated the project site as a Qualified Opportunity Zone [QOZ]. Now holding a QOZ designation, the deal has become even stronger.



“The Opportunity Zone program just so happened to cater to the strategy PEG was already pursuing—to reimagine communities, revitalize neighborhoods with real potential, and create value for those neighborhoods and our investors,” said Cameron Gunter, Founder/Chief Executive Officer of PEG. “While some firms are now scrambling to find QOZ deals to capitalize on, PEG is fortunate to be well ahead of the curve, having already secured such projects because they were strong from the beginning—with or without the QOZ tax benefits.”



Currently standing on the site are surface parking lots and three impoverished structures, which will be demolished and cleared this spring. Project leaders plan to salvage a handful of elements from the buildings to incorporate into The Revival including some eclectic orange barn doors and a 1998 mural of the NBA Utah Jazz that will be restored and displayed in the fitness center.



Part of PEG’s plans to improve the area include the addition of a mid-block walkway to the north of the property that will eventually connect 200 W to West Temple. The group will also lease a retail pad on 400 S—a separate building located on the same site.



“Now that we are fully entitled, we are very excited to begin bringing new life to this area,” said PEG Development Manager Matt Krambule. “This unique project will truly ring true to its name, reviving the site with energy, connectivity, and elegance for the community to enjoy.”



PEG anticipates receiving a building permit this summer and aims to open the project in late-Spring 2022.

[scottharding]

Lol, I'm currently in Europe. If I'm stuck here. thanks for the good times Salt Lakers!

[taboubak]

Originally Posted by scottharding

Lol, I'm currently in Europe. If I'm stuck here. thanks for the good times Salt Lakers!

The ban does not apply to US Citizens. So you're good.

[Reeder113]

This coronavirus thing will eventually subside. The warm weather will hopefully help. It's probably going to get worse before it gets better, and the economic impact will sting for a while, but eventually things will get back to normal. Lets just hope that it's sooner rather than later.

[FullCircle]

Judging by past viral outbreaks, it is likely that it will peak and start to decline in warmer weather, and be wrapping up by July. How much human and economic damage it does before then is the question.
Whether or not the current actions are over reaction is a matter of perspective. In terms of this being a bubonic plague level epidemic, it's not and won't be. It is not dangerous for kids, and very slightly dangerous for healthy adults. However, what public health officials are trying to do is to slow the spread of the virus until they can scale up testing and hopefully develop treatments or a vaccine. Because if you're old or immunocompromised, it actually is a pretty scary virus, and all the healthy kids and adults can be vectors to transfer it to those who are vulnerable.

[DMTower]

"Art Deco inspired" LOL!!! God, is this how low expectations have become?

Originally Posted by JMK

Sorry if this is a repost

https://pegcompanies.com/news-articl...alt-lake-city/

Unique Art Deco-Inspired Apartment Community Approved for Construction in Salt Lake City

[Always Sunny in SLC]

Originally Posted by DMTower

"Art Deco inspired" LOL!!! God, is this how low expectations have become?

Yes. Also, Art Deco “inspired”, not Art Deco. If they tilt a little here and narrow a little there, voila, Art Deco inspired. No need to look at the parking garage eyesore.

[StevenF]

Originally Posted by wrendog

I sure hope it's a huge overreaction, but today has been nuts.

- March Madness announces games will be played with no fans (probably be outright canceled now)
- Rudy Gobert has coronavirus and NBA suspended
- Trump bans all travel to Europe for the next 30 days
- Multiple schools, festivals, sporting events canceled
- Freaking Tom Hanks and his wife have tested positive.

This is an introvert wet dream. Sit in there house watching Netflix or Amazon Video and avoiding the world.

[jedikermit]

Aaand Donovan Mitchell just tested positive.

The idea of "flattening the curve" of contagion is a real one. I'm glad that locally the LDS Church has decided to cancel in-person General Conference...it sends a signal that this is something to be taken seriously.

I'd rather have an abundance of caution than the alternative. I have 227 students...some of their families will be impacted financially, some of them physically. We all have people in our lives that are somehow immunocompromised. I'd want them to be safe.

I also want my gaddamn toilet paper though.

[ctobsl]

Originally Posted by Always Sunny in SLC

Yes. Also, Art Deco “inspired”, not Art Deco. If they tilt a little here and narrow a little there, voila, Art Deco inspired. No need to look at the parking garage eyesore.

hahaha I was afraid to say anything, I also thought, where's the Art Deco part of it, the windows?

[ucsbgaucho]

Originally Posted by wrendog

I sure hope it's a huge overreaction, but today has been nuts.

- March Madness announces games will be played with no fans (probably be outright canceled now)
- Rudy Gobert has coronavirus and NBA suspended
- Trump bans all travel to Europe for the next 30 days
- Multiple schools, festivals, sporting events canceled
- Freaking Tom Hanks and his wife have tested positive.

Just to clarify, the stuff Trump talked about in his speech were largely incorrect, which is crazy considering it was a prepared speech. The administration is having to walk back a lot of what he said, including that travel ban (it's much more specific than "all travel").

[Jbash]

Murray and Granite Districts just announced closings. I'm in Jordan District, and my teacher just got an email from admin saying something about the coronavirus, but he hasn't told us. He seems worried though.

[airhero]

Originally Posted by DMTower

"Art Deco inspired" LOL!!! God, is this how low expectations have become?

Yeah looking at the headline and the rendering I laughed but from the article it seems clear the art deco elements will be an aspect of the interior not the exterior. They're not claiming the exterior design has art deco elements to it.

[Rileybo]

Would anyone have a guess as to how tall the exchange will be? I’m just now beginning to see the elevator shaft peak up from my building’s windows.

[Blah_Amazing]

Originally Posted by Rileybo

Would anyone have a guess as to how tall the exchange will be? I’m just now beginning to see the elevator shaft peak up from my building’s windows.

9 floors of residential...maybe 100 feet? Could be a little taller.

[jedikermit]

Originally Posted by Jbash

Murray and Granite Districts just announced closings. I'm in Jordan District, and my teacher just got an email from admin saying something about the coronavirus, but he hasn't told us. He seems worried though.

Granite is 100% not closed.