To the center-right, Proposed Cascade Tower at the City Creek Center
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Originally Posted by Blah_Amazing
I honestly don't know why exactly City Creek Reserve hasn't already moved ahead with The Cascade. The base of the building, the foundation, the pilings, etc. are already there. As far as I am aware, The Cascade could literally start going vertical as soon as the building permits were approved. With a smaller tower (as the later version they produced shows (after, I believe complaints from the fire department against the taller tower)) it could potentially be done within 1.5 years. A really nice and quick turnaround.
Though, I agree with others on here that I would like (if at all possible) for them to bring back the much taller version of The Cascade, even if that causes delays. It would also be cool if they could change the designs to something more unique and spectacular (especially cause we already know the units will be super expensive) but I would be happy just to see it built. It literally pains me to walk by City Creek and see the pathetic stump of the tower's base and then just open air above it.
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There are so many projects that City Creek Reserve and its affiliates could proceed with right now. In addition to the current massive Temple Sq. Campus rework it's anybody's guess as to what will be next. The Cascade has been around the longest as far as officially publicly announced projects. However, as has been discussed at length on this thread it would seem like the ideal SLC codes are not advantageous for the condo for sale development in the immediate future until the city gets an updated act together. Both the adj. to Harmon's Tower and the South Temple Elk's redevelopment seem to be the two most likely to move forward at this time. Who knows, they could surprise us all and take on an additional two new major developments at the same time. Heaven knows they have deep enough pockets for the development of multiple projects locally. Of course, their current international development portfolio has to also be considered.
Note: A little sidetrack tangent. Please be patient with me for a moment as I attempt to unload some thoughts on Utah's growth as it relates to the major influence of California. I'm sure there are a lot of you on the forum whose brains like mine are on overload right now because of the speed that surrounding national and international conditions seem to be changing from day to day. Since many of you who like to check up on this thread occasionally are not locals to the Wasatch Front Metro, perhaps, a few of you will find my thoughts comparable or applicable to some of your local market experiences also.
California continues to have a major effect on Utah's growth and that will only accelerate over this coming decade. Much of the influence on my life so far has come from both California and Utah, and I guess Europe as I am a first-generation American from Europe.
I predict we're going to continue to see a lot of young Californians and West Coast transplants, in general, migrating to Utah for jobs and a more advantageous cost of living perks, and an easily accessible four-season outdoor lifestyle. Also, there seems to be another major influx not often talked about, but that I have noticed amongst facebook family friends of wealthy empty-nester L.D.S. seniors who are moving to Utah for any number of reasons. Whether it's being closer to their children and grandchildren or just being exhausted with the cost of living and political climate in California. While Utah is not exactly cheap anymore, aside from past emotional ties, there are still many cost caveats that are advantageous in Utah for a wealthy California Senior. You might wonder who can afford to buy these Californians' 3000 sq. foot multi-million dollar homes located in upscale places like Newport, Laguna Nigel, etc. Well, as with the past, there are tens of thousands of wealthy Asians, Europeans, Latin Americans, etc. who view California as the go-to safe haven, especially now with the current world crisis. While Internationals see California as the dream escape, it's just the opposite for many California natives. All phases of residential types will be in demand along the Wasatch Front, spurred on by in-migration from those who perceive that they must escape from the West Coast. I'm sure many of you are personally aware of how symbiotic the relationship between California and Utah is. For decades California has had and now especially will continue to have the most influence on Utah's growth.
Of course, the Latino population will continue to expand dramatically in Utah. Many don't understand that that is often encouraged by the L.D.S. Church as that is one of the more vibrant and dramatic areas of its growth.
The international communities attention is not as focused on Utah as they are on the East and West coasts, but that conscious recognition will continue to grow and probably gain much more ground this coming decade, especially as the Wasatch tech, medical, and impressively diverse economic sectors continue to build prominence, and Utah continues to emphasize a more Huntsman inspired approach to international trade. Also, of course, the probable ace of a second go-around of the Olympics transpires. The recent abysmal Olympics failure when compared to what will be the success of the upcoming Los Angeles and Salt Lake Olympics will be night and day.
Now that the War Cabal would seem to be taking control again in a very major way we will also see the Northern Metro take on an even more elevated presence and growth. The Hill Base area was already singled out as a primary military investment and has seen some pretty major development over the last decade. The current world climate will only speed up that hyper-growth.
I would hope that the Wasatch Front will be able to really accelerate its mass transit development, particularly Front Runner. Double Tracking from Ogden to Provo must be the low bar, and Brigham City to Payson should be on a front burner, along with Tooele in the mix. I think the Wasatch Front from north to south and east to west is about to see an explosion this decade that even the high growth prognosticators hadn't seen coming. At least, this is what my gut is telling me. A young family or whoever needs to afford a roof over their head should be able to live where it is affordable yet commute to their job as conveniently and inexpensively as possible.
My parents were entrepreneurs of a sort. In order for my Dad to live out his dream, they had to move to what used to be the countryside (Alpine/Highland). My Mom, who was a very talented business executive had to make that commute into Downtown Salt Lake every day, which was especially grueling and often dangerous in the Winter. She would have loved the options that exist and are now rapidly coming online with transit along the Wasatch Front.
While it is true that thousands of Californians are migrating to Utah, it is not true that California is emptying out. California, especially the south is just replacing its middle-class to the upper-middle-class caucasian base with a working-class to upper-middle-class to uber-rich international base. Central Los Angeles is an interesting study. I've often seen once-wealthy or even currently exclusive neighborhoods of Caucasians fleeing from perceived encroachment only to be replaced by wealthy Asians, particularly Koreans. Even in what would be considered disreputable areas such as McArthur Park, Korean investment syndicates will build very expensive multi-unit residential and have no problem filling them up. As far as Central Los Angeles goes Koreans don't mind the initial conditions of homelessness and street trash in up-and-coming areas. They play somewhat of a longer game. They know their patience will soon be rewarded. They're not nearly as finicky about Central L.A. as the post-war California baby boomers and their children and grandchildren. Even what used to be the predictable homogenous mix in the exclusive areas of Central L.A. are now becoming much more international. The faces I see at the gym or on early morning walks are no longer primarily post-war Caucasian, African Am. or Latino but are now typically 1st generation Latino, Asian, African, and Middle Eastern American, etc. As far as the Los Angeles CSA goes, incredible growth from an international base is being played out all across the huge Los Angeles metroplex by every nationality in the world. As far as California growth, particularly Southern California census numbers, anyone who thinks that L.A.'s international immigrants are not ridiculously undercounted is very naive. California is becoming even more of an ever-expanding unique country unto itself.
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