Salt Lake City: Official Development News Thread - Part 5 - Page 704

TheGeographer · #**14061** Posted **Sep 16, 2022, 5:54 PM**

Quote:

Originally Posted by Marvland

Amen. It's just not worth it posting pics. Also why I'm so thankful that some on this forum post so many!

On the lack of new stuff, this lending environment is really stalling stuff out, even nationally. We are about to lose 75-100bps in the next few weeks. So retail lending will be at 7%, which absolutely destroys proformas and cap rates. I mean the days of 4.25 caps are over. Everywhere. Banks up upping reserve and infusion requirements. Rents cannot keep up. Fortunately there's plenty of cash/equity in the market but it might wait for a while until inflation settles.

Interesting info on the stalling. In Denver things are going up like crazy and there’s easily over 10 25+ story buildings about to go up or going through review. Why are things not stalling there and are in SLC? Honest question I don’t have the answer to but you have knowledge on this topic so I’d be interested to hear your take. Things have slowed to a crawl in SLC in terms of any new proposals of taller buildings

mstar · #**14062** Posted **Sep 16, 2022, 6:01 PM**

Great to see discussion again. I thought maybe everyone went on vacation at the same time.

Does anyone know if the current interest rates are going to kill or delay some of our upcoming large developments like the next phases of the West Quarter, Main Street Apartments or West Temple/400 S.?

ThePriceWentUp · #**14063** Posted **Sep 16, 2022, 8:32 PM**

West Village
A mixed-use redevelopment project at the corner of 900 South and 400 West in the heart of the Granary District. West Village
consists of two residential mixed-use buildings, with 8,000 square feet of ground floor
commercial space.

The West Village Class A Commercial Life Science portion is 180,000 square feet

bob rulz · #**14064** Posted **Sep 17, 2022, 6:23 AM**

One bit of news is that the single-occupancy housing development between 100 and 200 South on 700 East was approved by the planning commission. This one was previously given a negative recommendation by the planning commission, but it went to the city council because it involved a zoning change, and the city council approved it despite the negative recommendation.

The planning commission also forwarded a positive recommendation for the updated ADU ordinance. To recap, the updated ADU ordinance will make ADUs a permitted use pretty much throughout the city, and will reduce restrictions on size and setbacks.

I've been wanting to do some picture updates, but I'm in my last year of grad school so I just haven't had much time.

delts145 · #**14065** Posted **Sep 18, 2022, 2:45 PM**

Photo Bump

Harvest at Marmalade - Completed

Photos Courtesy of KIER Construction @ https://www.kier.org/our-work/multi-...-at-marmalade/

Interior Finishes

.

TheGeographer · #**14066** Posted **Sep 20, 2022, 1:25 PM**

Long quarter mile long apartments on main roads should be required to have more than two small corner retail spaces at ground level. Better than nothing but not sure what retail they’ll put in two small corner spaces not large enough for restaurants. I’ve heard the arguments about why it’s not feasible to have more retail in some of these apartments, but if the apartment is on a main road like 400 S or 300 W there should be better street engagement requirements. If the developer doesn’t want to meet those then they can go build along a lesser road. The marmalade has plenty of apartment amenities and floor plans at least if you live there I guess. The West Village looks pretty sweet and includes more ground retail and isn’t even on a main road.

TMoneySLC · #**14067** Posted **Sep 20, 2022, 3:53 PM**

Quote:

Originally Posted by TheGeographer

Long quarter mile long apartments on main roads should be required to have more than two small corner retail spaces at ground level. Better than nothing but not sure what retail they’ll put in two small corner spaces not large enough for restaurants.

To be fair, one block is not a quarter mile. As well the spaces at Harvest are ample. The South space is plenty large enough for a restaurant, and the north space is large enough for a market.

freeshavocado · #**14068** Posted **Sep 20, 2022, 4:14 PM**

Quote:

Originally Posted by TMoneySLC

To be fair, one block is not a quarter mile. As well the spaces at Harvest are ample. The South space is plenty large enough for a restaurant, and the north space is large enough for a market.

And there is a lot of retail space directly across the street.

TMoneySLC · #**14069** Posted **Sep 20, 2022, 6:18 PM**

Quote:

Originally Posted by freeshavocado

And there is a lot of retail space directly across the street.

This is true! If you haven't yet been to Diversion, I feel like they have some of the better wings around town. ;-)

Atlas · #**14070** Posted **Sep 20, 2022, 8:59 PM**

I really dig the "West Village" development. I'm surprised more folks here haven't reacted to it. That is a huge project and I love the mix of uses and street engagement. Granary is really blowing up! Now we just need to get TRAX extended down there along 400 W.

News is slow so here's a great shot of downtown that the University of Utah posted from the Utes football game last weekend:

Makid · #**14071** Posted **Sep 21, 2022, 1:14 AM**

Some development news, minor but something.

I can't remember the name of the development, 4th South and just west of the liquor store, demolition and clearing was underway this morning.

No pictures as I was driving to an appointment.

I now return you to the regularly scheduled/unscheduled content...

mstar · #**14072** Posted **Sep 21, 2022, 2:20 AM**

Thanks for the update Makid. I am pretty sure that is the Brix Apartments. If I remember right, that project will be about 11 stories. That will make a positive change to that immediate area.

Orlando · #**14073** Posted **Sep 21, 2022, 1:18 PM**

Quote:

Originally Posted by Makid

Some development news, minor but something.

I can't remember the name of the development, 4th South and just west of the liquor store, demolition and clearing was underway this morning.

No pictures as I was driving to an appointment.

I now return you to the regularly scheduled/unscheduled content...

Ya, I noticed that, too, on Monday. That stretch of 4th south is nasty ugly. This new development will hopefully spur other redevelopments of that area. Post District is close to it.

msbutah · #**14074** Posted **Sep 21, 2022, 3:03 PM**

Looks like the SLC Council held a meeting on changes to off street parking minimums, the first in a year. Here's their site about the changes. Naturally the meeting was last night and I just saw the notice about it this morning, but could reduce the requirements for new developments going forward.

TheGeographer · #**14075** Posted **Sep 21, 2022, 3:10 PM**

Quote:

Originally Posted by TMoneySLC

To be fair, one block is not a quarter mile. As well the spaces at Harvest are ample. The South space is plenty large enough for a restaurant, and the north space is large enough for a market.

How many sq feet are the two parcels? Looked pretty small in the design blueprints but maybe they are large enough. In sat like a block can feel like a quarter mile, but I was exaggerating a bit

TheGeographer · #**14076** Posted **Sep 21, 2022, 3:13 PM**

I’m excited for the west village and brix. Surprised as well we didn’t get more of a reaction concerning west village

delts145 · #**14077** Posted **Sep 21, 2022, 4:32 PM**

^^^
I think everyone would agree that West Village is a great project. Probably excitement will be a bit tempered until it actually begins construction. Glad to see movement on BRIX.

Paniolo Man · #**14078** Posted **Sep 21, 2022, 5:44 PM**

I had been confused by the Rocky Mountain Power development because Gadsby was shown retiring in 2032 in the 2021 IRP. This plan affords more flexibility with Gadsby.

The same plan also shows possibility for closing Hunter and Huntington early instead of costly retrofits for emissions reductions required from 2026.

Comrade · #**14079** Posted **Sep 22, 2022, 10:32 PM**

Interesting article I found about the initial proposed Deseret National Bank Building (First Security Bank). It was originally planned to be about the same height as the Call Building in San Francisco, with a similar design:

The Call Building was, at the time, 315 feet - or 123 feet taller than the current building. That's about roughly the size of the WTC at City Creek.

Would have dominated the skyline at the time (almost 100 feet taller than the Walker Center, which was the city's tallest back then).

In fact, the design of the current building kinda looks like the Call - just without the dome:

delts145 · #**14080** Posted **Sep 23, 2022, 1:56 AM**

Thanks for posting that Comrade. That is a beautiful building. I was curious if the great earthquake had destroyed it since it was a steel frame. It was still standing, but the accompanying fire gutted it. Apparently, it did survive the fire and was restored. Unfortunately, it was later decided in the 30s to remodel its exterior into something more modern.

I like the building further down the street and to the right also. I wish someone would step up and develop a couple more similar style structures on Salt Lake's Main St. I love well-executed contemporary, especially some of the latest designs, but the mix of these classics makes for a much more interesting and attractive streetscape imo.

Here's a great piece giving a brief history:
THE CALL BUILDING: SAN FRANCISCO'S FORGOTTEN SKYSCRAPER - https://www.foundsf.org/index.php?ti...TEN_SKYSCRAPER