HomeDiagramsDatabaseMapsForum About
     

Go Back   SkyscraperPage Forum > Global Projects & Construction > City Compilations


Closed Thread

 
Thread Tools Display Modes
     
     
  #741  
Old Posted Jan 14, 2007, 12:53 AM
SLC Projects's Avatar
SLC Projects SLC Projects is offline
Bring out the cranes...
 
Join Date: Dec 2006
Location: Salt Lake City
Posts: 6,108
As nice as that building looks, i would never pay $300,000 on a tiny ass loft. You can buy a whole house with like 5 bedrooms and 3 bathrooms for that much.
__________________
1. "Wells Fargo Building" 24-stories 422 FT 1998
2. "LDS Church Office Building" 28-stories 420 FT 1973
3. "111 South Main" 24-stories 387 FT 2016
4. "99 West" 30-stories 375 FT 2011
5. "Key Bank Tower" 27-stories 351 FT 1976
     
     
  #742  
Old Posted Jan 14, 2007, 2:39 AM
urbane urbane is offline
Registered User
 
Join Date: Feb 2006
Posts: 122
I hope you are not serious.

Quote:
Originally Posted by SLC Projects View Post
As nice as that building looks, i would never pay $300,000 on a tiny ass loft. You can buy a whole house with like 5 bedrooms and 3 bathrooms for that much.
You can also spend 90 minutes in your car commuting, live in a house made of glorified toothpicks in suburban hell and contribute to global warming while enjoying you're 3,000 squqre foot :"5 bedroom 3 bath" piece of shit built in the middle of nowhere. Do you have a huge family or something? what would you do with 5 bedrooms anyhow?
     
     
  #743  
Old Posted Jan 14, 2007, 2:54 AM
SLC Projects's Avatar
SLC Projects SLC Projects is offline
Bring out the cranes...
 
Join Date: Dec 2006
Location: Salt Lake City
Posts: 6,108
Quote:
Originally Posted by urbane View Post
You can also spend 90 minutes in your car commuting, live in a house made of glorified toothpicks in suburban hell and contribute to global warming while enjoying you're 3,000 squqre foot :"5 bedroom 3 bath" piece of shit built in the middle of nowhere. Do you have a huge family or something? what would you do with 5 bedrooms anyhow?

Are you for reals? Who said anything about living in the middle of nowhere? 90 minutes commuting? I don't think west jordan, murray, sandy or any of those cities would be a 90 minutes commuting to downtown salt lake if that's what you mean. But since i don't work downtown, then why would i need to live there. Sure i love downtown salt lake city, but i'm not about to wast half a million dollars just for a apartment size condo or loft. That's just dumb. Unless your rich and can aford to wast money like that most of us live in what we call the REAL world. There are plenty of nice homes around salt lake that are much bigger and can get my money's worth.
No i don't have a big family since i don't yet have any kids. But once i do have a family why the hell would i want to raise them in a 50 foot by 50 foot one bedroom loft? Plus with all the new trax lines that are getting built soon i won't even need to drive my car around.
Still i think for a one bedroom loft for over $300,000 is a rip off. But for those who can aford it then more power to them. but what downtown really needs is more affordable homes for lower income families.
__________________
1. "Wells Fargo Building" 24-stories 422 FT 1998
2. "LDS Church Office Building" 28-stories 420 FT 1973
3. "111 South Main" 24-stories 387 FT 2016
4. "99 West" 30-stories 375 FT 2011
5. "Key Bank Tower" 27-stories 351 FT 1976
     
     
  #744  
Old Posted Jan 14, 2007, 1:00 PM
delts145's Avatar
delts145 delts145 is offline
Registered User
 
Join Date: Aug 2006
Location: Downtown Los Angeles
Posts: 20,555


A lot of what you say is true SLC. These condo's coming on line downtown are somewhat overpriced. However, I'm sure you understand that the people who are snatching them up are typically those who have a fairly substantial incomes, are d.i.n.k.s, or empty nesters, or high income single's. They are often, if not usually out-of-town transplants from urban areas such as Boston,D.C.,Chicago,etc. and are use to much higher prices. Therefore, they think they're getting a bargain. As long as Salt Lake has one of a handful of the most robust economies in the nation the downtown experience is going to remain expensive. If developers reason they can sell at 300.00 plus per sq.foot, they'll keep asking that and more.

As far as Urbane's comments,I'm wondering if he is coming from another area. If so, I can understand what he is saying. However, as an Angelino and someone who is well acquainted with other large metro's,"The Wasatch is a CAKE-WALK, when it comes to commute's." As long as the Wasatch sticks to it's agressive transportation program it will remain comparitively easy to negotiate as a commuter city.
     
     
  #745  
Old Posted Jan 14, 2007, 7:37 PM
urbane urbane is offline
Registered User
 
Join Date: Feb 2006
Posts: 122
Quote:
Originally Posted by delts145 View Post


A lot of what you say is true SLC. These condo's coming on line downtown are somewhat overpriced. However, I'm sure you understand that the people who are snatching them up are typically those who have a fairly substantial incomes, are d.i.n.k.s, or empty nesters, or high income single's. They are often, if not usually out-of-town transplants from urban areas such as Boston,D.C.,Chicago,etc. and are use to much higher prices. Therefore, they think they're getting a bargain. As long as Salt Lake has one of a handful of the most robust economies in the nation the downtown experience is going to remain expensive. If developers reason they can sell at 300.00 plus per sq.foot, they'll keep asking that and more.

As far as Urbane's comments,I'm wondering if he is coming from another area. If so, I can understand what he is saying. However, as an Angelino and someone who is well acquainted with other large metro's,"The Wasatch is a CAKE-WALK, when it comes to commute's." As long as the Wasatch sticks to it's agressive transportation program it will remain comparitively easy to negotiate as a commuter city.
I am not coming from another area, the 90 minute commute I referred to is roundtrip from Lehi, Herriman, Tooele where they still have 5 bed 3 bath homes for $300,000. It is the fact that everyone feels entitled to a McMansion on a quarter acre lot on a dead end street that is ruining the landscape of this country. Luckily SL County has limited space due to mountain ranges and a big lake so that we will eventually have to start building up instead of out. By the way what is a d.i.n.k.s.?

As far as SLC Projects comment about light rail, you can't support light rail without density. Unless we start building density around trax stations light rail will never be more than just a relief for I-15 with everyone driving to a station. You will never be able to walk out of your 5 bed 3 bath single family home (I assume you wan't a big lot as well) and get on a train. You are going to have to get in your car first.

Allen+Millo do exceptionaly good work and usually price their projects below market rates. Consequentialy they usually sell out before they are completed. My family currently lives in a 3 bed 1 bath home that is under 1000 sq feet and we are very comfortable.
     
     
  #746  
Old Posted Jan 14, 2007, 9:42 PM
SLC Projects's Avatar
SLC Projects SLC Projects is offline
Bring out the cranes...
 
Join Date: Dec 2006
Location: Salt Lake City
Posts: 6,108
Quote:
Originally Posted by urbane View Post
I am not coming from another area, the 90 minute commute I referred to is roundtrip from Lehi, Herriman, Tooele where they still have 5 bed 3 bath homes for $300,000. It is the fact that everyone feels entitled to a McMansion on a quarter acre lot on a dead end street that is ruining the landscape of this country. Luckily SL County has limited space due to mountain ranges and a big lake so that we will eventually have to start building up instead of out. By the way what is a d.i.n.k.s.?

As far as SLC Projects comment about light rail, you can't support light rail without density. Unless we start building density around trax stations light rail will never be more than just a relief for I-15 with everyone driving to a station. You will never be able to walk out of your 5 bed 3 bath single family home (I assume you wan't a big lot as well) and get on a train. You are going to have to get in your car first.

Allen+Millo do exceptionaly good work and usually price their projects below market rates. Consequentialy they usually sell out before they are completed. My family currently lives in a 3 bed 1 bath home that is under 1000 sq feet and we are very comfortable.


I don't think that urbane gets out much since he thinks that all these BIG homes have to be on a BIG lots. I've lived in alot of houses that were around 5 bedroom 2+ bathrooms that would only be on half an acre or less lot. I have never lived in a McMansion. I was never rich. A quarter acre isn't even that big. Lets go for a drive sometime and i'll show you just how many of these big homes there are on these tiny lots. There's tons in South Jordan being built right now. Sure these homes are $500.000+ but at least you get your money's worth out of it.

As for light rail are you saying it's worthless to build out trax lines to west jordan, west valley and draper? Cus yea we don't need light rail at all. It's not like our roads are busy or nothing. It's worthless to drive just 5 mins to a parking lot to take trax vs drving 20 mins and trying to find a parking space downtown. Trax is the way to go.

And we are starting to see alot of density getting build around trax stations.

I never did say Allen+Millo were bad. I like there projects. I'm glad they have been building now condos and lolfs. And i think it's great that all these units have been sold or about to be sold. These projects will bring people back into downtown.

I'm just saying that ALL homes are over priced downtown or not. I remember when i was 13 back in 1992 my parants bought a 5 bedroom home with two bathrooms with a unfinish basement with room to built two more bedrooms and one more bathroom in South Jordan for only $90,000. Now a days we can't even by a one bedroom home or condo for under $120,000.


That's my point over all. It's not me talking shit on downtown or any downtown housing projects. It's just the housing market and there bullshit home prices. I feel bad for all those young people such as myself who will have to pay at least $300,000 or even more just for a starter home. People will spend their whole life time and maybe even the lifetime of their kids to pay off these kinds of loans.
__________________
1. "Wells Fargo Building" 24-stories 422 FT 1998
2. "LDS Church Office Building" 28-stories 420 FT 1973
3. "111 South Main" 24-stories 387 FT 2016
4. "99 West" 30-stories 375 FT 2011
5. "Key Bank Tower" 27-stories 351 FT 1976
     
     
  #747  
Old Posted Jan 14, 2007, 9:51 PM
urbane urbane is offline
Registered User
 
Join Date: Feb 2006
Posts: 122
I just bought the home I am in now for exactly $120,000 it is small and on a small lot (1/10th of an acre) but I can literally walk a hundred yards to a Trax station and get to work in fifiteen minutes or less without the use of a car. You just have to be wiling to live in a neighborhood that looks a little scary (but actiually isn't).
     
     
  #748  
Old Posted Jan 14, 2007, 10:20 PM
i-215's Avatar
i-215 i-215 is offline
Exit 298
 
Join Date: Sep 2003
Location: Inland Empire (CA)
Posts: 3,483
I hate to say it, but as I get closer to looking at buying a house, a suburban neighborhood close to a suburban office sounds pretty nice.

The real fact of the matter is, most jobs aren't located off the TRAX line, so it makes no sense to live near it..... unless your job is walking distance from a TRAX stop.
__________________
I've stopped caring. Good luck, America
     
     
  #749  
Old Posted Jan 14, 2007, 11:35 PM
pdxman's Avatar
pdxman pdxman is offline
Registered User
 
Join Date: Aug 2006
Location: Portland
Posts: 1,037
Hmm, interesting discussion. I love that UTA is building up TRAX now and planning ahead (better to build as much as you can now before the anti-transit people wake up) but i think that the ridership will be quite low (or not as high as it could) for the forseeable future not only because it doesn't really go through any big job areas but because in slc, driving in a car is still the fastest and easiest way to get around...due in part to the EXCELLENT highway system. People will think its cool to have trax, but until the highways become a virtual parking lot many people won't see the benefit of it. Except for the people on this forum You guys are lucky to have such a nice road system...and if you think its bad come up here see what crappy roads look like
     
     
  #750  
Old Posted Jan 15, 2007, 12:11 AM
delts145's Avatar
delts145 delts145 is offline
Registered User
 
Join Date: Aug 2006
Location: Downtown Los Angeles
Posts: 20,555
PDX, I think I better post the new article and pic which SLC and Utaaah posted over on the Ogden thread. I don't know if you caught it but YES,"there will be a residential component from the get-go on the big new Farmington Center."

As far as highways, Los Angeles and Portland are excellant examples of what happens when you only focus on one half of the equation in transpotation. Los Angeles did an excellant job with their freeway system, but is now suffering the consequences of not planning ahead with mass transit and not being able to catch up with the skyrocketing need. Portland, as you have explained it is suffering from a serious need for a better highway system to augment its mass transit. I know thats putting it in overly simplistic terms, so I'll let you explain Portland's dilemma in more detail, since its your territory.

As far as low ridership numbers along the Wasatch, I'm wondering about that. From its very first day the light rail stat's have been way beyond UTA's wildest dreams. One thing that all of us should look forward to is how this aggressive rail plan is going to make Downtown Salt Lake very attractive as a place to build beautiful BIG OFFICE TOWERS!!!!!!!!!!!!!!!!
Here's the updated article and pic posted by SLC and Utaaah. Probably a good idea to put it over here too, since there was quite the little discussion about it on this thread.

New site plan,



Farmington sets sights on doubling of its retail

Work progressing on complex planned next to rail station
By Nicole Warburton
Deseret Morning News
Work is once again progressing on a high-end retail development to center around a commuter-rail station in the southwest corner of Farmington in Davis County.
Architect's rendering of proposed Station Park development in Farmington shows a mix of shops, housing and office spaces. (Rendering by Centercal Properties, LLC)
Rendering by Centercal Properties, LLC
Architect's rendering of proposed Station Park development in Farmington shows a mix of shops, housing and office spaces.
Station Park would add close to 1 million square feet of retail space to Farmington — more than doubling what the city already has.
Earlier this month, city officials signed off on a development agreement to allow a new owner to purchase the land where Station Park is to be built. The purchase should be completed by May, and work on roads and utilities within the project is likely to begin this fall, said Fred Bruning, president of CenterCal Properties.
The project is scheduled to be done sometime in 2009. When finished, Bruning anticipates that Station Park will become a destination point for shoppers in Davis County. The development is to have a mixture of small and large shops, housing and office spaces — similar to the Gateway mall in downtown Salt Lake City.
"The quality of what we build is a lot better than what exists there in Davis County," Bruning said in an interview Friday. "What you have is a lot of K-Marts. It's not quality in terms of the architecture and tenant mix."
The Station Park project aims to be pedestrian-friendly and have a good mix of shopping, housing and office space. The development also will be accessible by commuter rail.
The Utah Transit Authority is currently building a commuter-rail line from Salt Lake City to Pleasant View in Weber County. The line, and the stations, are expected to be finished in 2008.
Last summer, Farmington developer Rich Haws, the present owner of Station Park, decided to sell his development concept and several dozen acres planned for Station Park to CenterCal Properties. Before CenterCal agreed to purchase the land, however, it had to work out several issues with the development agreement for Station Park.
Top issues with the plan involved how to manage traffic in the area and provide access to Station Park. Farmington Mayor Scott Harbertson said Friday that he was pleased with the agreement, although he admitted that the city was stepping into new territory in terms of the scope and size of the development.
"This is the first time we've ever done anything like this," Harbertson said. "It's kind of a leap of faith, and you have to give a little latitude to the developer to build a project it feels is successful."
CenterCal Properties has worked on several large developments, including Jordan Landing in West Jordan. It has also done projects in California and Oregon that are centered around mass transit, similar to Station Park.


__________________
Is it too late to SAVE the "Inn at Temple Sq."?
     
     
  #751  
Old Posted Jan 15, 2007, 12:25 AM
delts145's Avatar
delts145 delts145 is offline
Registered User
 
Join Date: Aug 2006
Location: Downtown Los Angeles
Posts: 20,555
Quote:
Originally Posted by i-215 View Post
I hate to say it, but as I get closer to looking at buying a house, a suburban neighborhood close to a suburban office sounds pretty nice.

The real fact of the matter is, most jobs aren't located off the TRAX line, so it makes no sense to live near it..... unless your job is walking distance from a TRAX stop.
The numerous Wasatch business parks being developed are definitely making it possible to live closer to the office. I see people making that same decison every day. If that opportunity exists along the Wasatch, and it does for many, " why shouldn't someone utilize it if they prefer."

AHHHHHHHHHHHHHHHHH Crap!!!! I hate it when I discover this is a new page and we leave all the great stuff on the previous page behind.
     
     
  #752  
Old Posted Jan 15, 2007, 1:17 PM
delts145's Avatar
delts145 delts145 is offline
Registered User
 
Join Date: Aug 2006
Location: Downtown Los Angeles
Posts: 20,555
Post Hunting Expo will draw thousands to Salt Lake

By Mike Gorrell
The Salt Lake Tribune




As the owner of Barnes Bullets in American Fork, Randy Brooks is perpetually going to a gun show here, a hunting expo there.
Nevertheless, he is especially excited about participating in the inaugural Western Hunting & Conservation Expo, a four-day extravaganza projected to draw 30,000 people to the Salt Palace Convention Center Wednesday through Sunday.
"It's a big day for us and a big day for our company," Brooks said, citing the opportunity to share Salt Palace space with a collection of the most prestigious organizations in the hunting world, including the Foundation for North American Wild Sheep, the Mule Deer Foundation, Sportsmen for Habitat and the Utah-based Sportsmen for Fish and Wildlife.
"It's a big day for wildlife in Utah to bring these groups together and attract this many people to our city and state," he added. "We'll have people from all over the world here."
The list of 550 exhibitors whose booths will pack the expanded Salt Palace includes a handful of companies from New Zealand. Companies offering African safaris are represented, along with outfitters and guides from Mexico and Spain, Canada and Argentina.
Numerous U.S. states known for their wildlife will be represented, as well as private hunting-oriented companies and state agencies that govern wildlife resources.
For Brooks, the convention might provide some walk-up business as crowds meander through the array of booths. But the main benefit, he said, will be long-term. "If we can promote wildlife in the state, that promotes our company nationwide. And the bulk of our business - simply because of sheer population numbers - is across the country and around the world."
Sportsman's Warehouse, a retail chain with four stores in Utah and close to 60 in 25 other states, signed on as a sponsor because of the potential to secure more business from near and far.
Randy Gregersen, manager of the Sportsman's Warehouse store in Midvale, said the high volume of foot traffic projected to flow through the Salt Palace should "familiarize a lot of people to the fact that we have four stores in Utah and get them excited about outdoor activities."
But he also hopes his company can make an impression on the well-heeled hunters expected to fly into Salt Lake City for a shot at one of the 200 available trophy hunting permits.
"This is more of a high-end show than the [annual spring] International Sportsmen's Expo," said Gregersen. "This is just the first year of the show but we're hoping it's a success."
Gary Stringham will be one of the exhibitors, promoting both the Little Red Creek CWMU (Cooperative Wildlife Management Unit), where he can lead hunters in pursuit of deer, elk and moose, and his Tabby Mountain Ranch.
The latter, on the south slopes of the Uinta Mountains, soon will have an 11,000-square-foot lodge that Stringham maintains will be a great jumping-off point for hunting, fishing and snowmobiling. It also will be equipped with archery ranges, paintball courses and meeting rooms for corporate retreats.
And with so many other enticing recreational outings being promoted all around him, Stringham intends to be a buyer, as well as a seller. "Because I'm an avid hunter and fly fisher, I'll try to line up a trip for me and my family," he said.
Dean Schulte, owner of High Uintas Taxidermy in Coalville, said he never can tell if a show will generate much business. But he has fairly high hopes heading into this one.
"It will broaden our exposure and, hopefully, somebody you give a brochure to will come back to you," he said. "Because of what's being offered with the trophy tags, I hope to pick up one of your high-roller coasters rather than your typical Utah guy who's a budget-minded individual."


About the expo

Big things are expected of the Western Hunting & Conservation Expo, which runs Wednesday through Saturday at the Salt Palace Convention Center:
* Nearly 30,000 visitors are expected at the Western Hunting & Conservation Expo, Wednesday through Saturday at the Salt Palace Convention Center.
* The show is projected to contribute $10 million to the state's economy and $400,000 in tax revenue.
* Visitors are expected to fill 3,000 hotel rooms over four nights.
* The cost is $20 per session or $25 for the four days.
* Hours are noon-7 p.m. Wednesday; 10 a.m.-7 p.m. Thursday and Friday; and 9 a.m.-6 p.m. Saturday.
     
     
  #753  
Old Posted Jan 15, 2007, 1:20 PM
delts145's Avatar
delts145 delts145 is offline
Registered User
 
Join Date: Aug 2006
Location: Downtown Los Angeles
Posts: 20,555
IKEA on schedule
Article Last Updated: 01/15/2007 02:51:28 AM MST


Okland construction company workers shovel snow off the roof of the newly constructed IKEA building. Progress being made on ikea's massive store scheduled to open in the spring 2007.

CONSTRUCTION OF THE IKEA STORE IN DRAPER is progressing on schedule, company officials say. The store, the Swedish furniture retailer's 30th in the United States, is scheduled to open sometime next spring, though no exact date is available. Company officials began planning for the store's opening months ago, working with city, county and state officials, as well as hiring their own parking, safety and traffic experts. As many as 10,000 or more people may show up, some of whom are expected to fly in or drive from other cities in Utah and surrounding states.
CONSTRUCTION OF THE IKEA STORE IN DRAPER is on schedule, company officials say. The Swedish furniture retailer's 30th store in the U.S., it is scheduled to open sometime next spring. Company officials have been planning the opening for months, working with city, county and state officials, as well as hiring their own parking, safety and traffic experts. More than 10,000 people may show up, some of whom are expected to travel from other cities in Utah and surrounding states.
     
     
  #754  
Old Posted Jan 15, 2007, 1:29 PM
SLC Projects's Avatar
SLC Projects SLC Projects is offline
Bring out the cranes...
 
Join Date: Dec 2006
Location: Salt Lake City
Posts: 6,108
Quote:
Originally Posted by delts145 View Post
IKEA on schedule
Article Last Updated: 01/15/2007 02:51:28 AM MST


Okland construction company workers shovel snow off the roof of the newly constructed IKEA building. Progress being made on ikea's massive store scheduled to open in the spring 2007.

Since I'm a rised Utard, LOL. I never even hard of a IkEA til this one was being built here in Draper. For what I have hard having a IKEA is a big deal and a great place to shop. I'm going to have to check it out come this spring when it opens up.
__________________
1. "Wells Fargo Building" 24-stories 422 FT 1998
2. "LDS Church Office Building" 28-stories 420 FT 1973
3. "111 South Main" 24-stories 387 FT 2016
4. "99 West" 30-stories 375 FT 2011
5. "Key Bank Tower" 27-stories 351 FT 1976
     
     
  #755  
Old Posted Jan 16, 2007, 12:07 PM
delts145's Avatar
delts145 delts145 is offline
Registered User
 
Join Date: Aug 2006
Location: Downtown Los Angeles
Posts: 20,555
Post Utah economy racing forward.

Utah's job growth is expected to outpace nation's in 2007

By Lesley Mitchell
The Salt Lake Tribune


Utah's economy is racing forward at top speed while the national economy is showing signs of slowing down, according to a report released Thursday by the governor's Council of Economic Advisors.
The 2007 Economic Report to the Governor shows that on virtually every front, Utah surpasses most other states and the nation as a whole.
Utah's projected job growth of 4.7 percent for 2007, for example, dwarfs the expected national employment growth rate of 1.1 percent. While the rate at which Utah's economy is creating new jobs is expected to slow down a bit this year from 2006, it is expected to remain among the highest in the country.
"We are No. 1 in the country in job growth for the last 12 months, we are No. 1 in having the nation's lowest unemployment rate . . . and we are currently No. 2 in home-price appreciation behind Idaho," said Salt Lake City economist Jeff Thredgold, a Zions Bank consultant.
The only dark spot: the tight labor market. "A lot of companies want to expand but cannot find the people they need," Thredgold said.
That lack of available workers is reflected in Utah's super-low unemployment rate of 3.3 percent for all of 2006. For 2007, the state's projected unemployment rate is expected to be about the same - 3.5 percent. That's lower than the national rate of 4.8 percent.
Utah also is expected to perform better than the national economy on two other key economic indicators - retail sales increases and income gains.

Last edited by delts145; Jan 16, 2007 at 12:19 PM.
     
     
  #756  
Old Posted Jan 16, 2007, 12:16 PM
delts145's Avatar
delts145 delts145 is offline
Registered User
 
Join Date: Aug 2006
Location: Downtown Los Angeles
Posts: 20,555
Post Retail boom, Big name stores committing to Utah market

It won't be long before you can have your pick of cool places to buy shoes and eat lunch

By Lesley Mitchell
The Salt Lake Tribune



Utahns will have a host of new places to shop and eat this year as a number of national retail and restaurant chains finalize their first locations along the Wasatch Front.
Global furniture retailer IKEA will probably be the biggest retail addition to the state this year with a store set to open this spring in Draper. But a host of specialty stores, such as Sports Chalet, Shoe Carnival and restaurants such as Amazing Jake's and Boston's The Gourmet Pizza likely will make their debut as well.
"Utah is definitely on the map now with the national retail chains," said Steve Tate of NAI Utah Commercial Real Estate in Salt Lake City.
Tate said Utah's popularity among retailers has driven vacancies to their lowest level in five years. Even though nearly 950,000 square feet of retail space was added to the Salt Lake County area in 2006, retail vacancy rates dropped to 5.6 percent at the end of 2006 from 9.1 percent in 2005.
Tate said Utahns can expect to see continued aggressive expansion by the big-box retailers such as Office Max, Staples, Wal-Mart, Home Depot and Lowe's this year. Smaller chains, such as Walgreens, also are planning on expanding in Utah.
But new names will continue to pop up along the Wasatch Front.
Why Utah, and why now?
Strong and constant population growth as well as consistent advances in housing values attracts many national retailers, Tate said, noting that Utah has both.
Darrell Tate of commercial brokerage Commerce CRG said Utah's booming economy has definitely caught the eye of the retail community nationally.
The success of Gateway also has had the effect of encouraging other retailers to come to the state, he said. Since opening in 2001, Gateway has attracted numerous restaurants and retailers to the state that are doing well.
Also helping raise the state's profile are commitments by some major retailers to the Utah market. A mammoth 173,000-square-foot Cabela's hunting and fishing superstore, for instance, has become a popular regional destination since it opened in Lehi in August 2005.
Global furniture retail IKEA has upped the ante by announcing a 310,000-square-foot store on the northwestern corner of I-15 and Bangerter Highway in Draper, set to open this spring. It is arguably one of the biggest commitments by a major retailer to Utah in the state's history.
On a smaller scale, well-known organic and natural foods grocer Whole Foods created a stir in November when it announced it will open its first Utah location in Trolley Square, near downtown Salt Lake City. Construction on the 53,260-square-foot store will begin later this year.
"When you have some big names like IKEA and Cabela's pick Utah, that really turns some heads," said Tate of Commerce CRG.
     
     
  #757  
Old Posted Jan 16, 2007, 12:52 PM
SLC Projects's Avatar
SLC Projects SLC Projects is offline
Bring out the cranes...
 
Join Date: Dec 2006
Location: Salt Lake City
Posts: 6,108


Maybe now would be a good time for "In and Out" to move into the state.
__________________
1. "Wells Fargo Building" 24-stories 422 FT 1998
2. "LDS Church Office Building" 28-stories 420 FT 1973
3. "111 South Main" 24-stories 387 FT 2016
4. "99 West" 30-stories 375 FT 2011
5. "Key Bank Tower" 27-stories 351 FT 1976
     
     
  #758  
Old Posted Jan 16, 2007, 1:25 PM
N2I.F. N2I.F. is offline
Honored Member
 
Join Date: Aug 2006
Posts: 728
Cool Needed Restaurant Additions

Quote:
Originally Posted by SLC Projects View Post


Maybe now would be a good time for "In and Out" to move into the state.
Sounds like it. What about a Maggianos?

Maybe we should start a wish list of restaurants that could double as a Visitor's Guide of the really good restaurants already here. I realize those visiting won't get memberships to the New Yorker (or know it exists as it's not on the most traveled road downtown or to Park City ), but Gastronomy has created a home town favorite. All of my business colleagues who come to town want to go to Market Street for dinner or Ruby River, if it is a more casual meeting.


Does anyone think SLC will ever get a McCormick & Schmick's given the quality of Market Street and the stiff competition?
     
     
  #759  
Old Posted Jan 16, 2007, 1:44 PM
delts145's Avatar
delts145 delts145 is offline
Registered User
 
Join Date: Aug 2006
Location: Downtown Los Angeles
Posts: 20,555


I've always like the Cheescake Factory in L.A. I guess that will be coming to the Thanksgiving Point area. It will be interesting to see what opens at the City Creek Center.

Parting Shot........Mmmmmmmmmmmmmm


Last edited by delts145; Jan 16, 2007 at 1:53 PM.
     
     
  #760  
Old Posted Jan 16, 2007, 9:17 PM
jedikermit's Avatar
jedikermit jedikermit is offline
Registered User
 
Join Date: Aug 2006
Location: Salt Lake City, UT
Posts: 2,258
Quote:
Originally Posted by SLC Projects View Post


Maybe now would be a good time for "In and Out" to move into the state.
__________________
Loving Salt Lake City. Despite everything, and because of everything.
     
     
This discussion thread continues

Use the page links to the lower-right to go to the next page for additional posts
 
 
Closed Thread

Go Back   SkyscraperPage Forum > Global Projects & Construction > City Compilations
Forum Jump



Forum Jump


All times are GMT. The time now is 8:18 PM.

     
SkyscraperPage.com - Privacy Statement - Top

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2026, vBulletin Solutions, Inc.