Salt Lake City: Official Development News Thread - Part 5

[Schmoe]

Originally Posted by Utah_Dave

If the A’s move to Vegas they should become the Vegas Ace’s

Please mail me my monthly royalty checks. Thank you

MGM named its WNBA team the Las Vegas Aces.

[Blah_Amazing]

29 N 1000 W: https://citizenportal.slcgov.com/Cit...howInspection=

1023 W Learned: https://citizenportal.slcgov.com/Cit...howInspection=

1031 W Learned: https://citizenportal.slcgov.com/Cit...howInspection=

1033 W Learned: https://citizenportal.slcgov.com/Cit...howInspection=

Four Residential Demolition permits were filed recently to make way for the long planned Esplande Apartments.

The last time I heard about Esplande Apartments was back in August 2019 when BSL mentioned it in an article: https://buildingsaltlake.com/west-si...-tod-projects/

Good to know the project is still alive. The proposed structure was 7 floors and had 101 residential units.

[Blah_Amazing]

https://citizenportal.slcgov.com/Cit...howInspection=

A Commercial Building Permit was filed December 12, 2022 for the 465 S Main building (15 floors, 175 feet tall, 242 residential units. 2,760 square feet of retail).

So this project looks set to finally move forward.

[wrendog]

Nice to see! I thought this was somehow associated with Sundial, no?

[Blah_Amazing]

12th East Apartments (1961 S 1200 E) - Completed 2022
https://www.apartments.com/1961-s-12...ty-ut/yzqgdyt/
https://citizenportal.slcgov.com/Cit...howInspection=
The 19 unit 12th East Apartments completed this year in the Sugar House neighborhood.

TAG Fayette (now known as 'The Ramp') - Completed 2022
https://www.apartments.com/the-ramp-...ty-ut/ztb9fwz/
The 58 unit The Ramp apartment building (968 S Washington St) finished this year.

Maven Lofts - Under Construction - Completing Spring 2023
https://mavenlofts.com/
The Maven Lofts project (southeastern corner of 900 S and Edison Street) has a leasing website. The project will add "57 one-bedroom affordable apartments, 7 micro-retail spaces, and a restaurant space with rooftop garden" and is now expected to complete in Spring 2023.

6th and Main - Wrapping up construction - Fully available leasing by February 2023
https://www.apartments.com/6th-and-m...ty-ut/73xf8kx/
https://www.6thandmain.com/?rccustom...xp8bwGSJWCI%3D
The 174 unit, 8 floor 6th and Main appears to be wrapping up construction on the project. Some units are already available to lease with the rest appearing to be scheduled to be available by February 1.


The Stack Apartments - basically completed - January 2023 leasing
https://www.apartments.com/the-stack...ty-ut/2kpce59/
Just within Salt Lake City's borders, the 254 unit 'The Stack' apartments (1111 E Brickyard Rd) has basically been completed. Full leasing available by January 31.

[Blah_Amazing]

https://www.liveatpost.com/interactive-map/

The Post District's interactive map for their leasing is pretty cool. Looks like they will be fully built and leasing by Spring/Summer 2023.

[Blah_Amazing]

Design Review:
https://citizenportal.slcgov.com/Cit...howInspection=

Planned Development:
https://citizenportal.slcgov.com/Cit...howInspection=

1050 S Washington Street

On December 14, Bumper House filed for a design review and planned development.

Project appears to be unchanged (for good or ill) since we saw it last, with a proposed 7 floors and 287 residential units. No ground floor retail. Project seeking additional height. "Parking will be provided in the 2:1 ratio mandated by CG zoning."

[Enemy4thePeople]

Originally Posted by Blah_Amazing

Design Review:
1050 S Washington Street

Wow. That MIT architecture degree getting put to good use. Looks like someone started putting together parcels literally in the middle of nothing then ran out of money and or patience, and figured, what the hell, "I'm not going to live there."

Should've used a junk yard aesthetic for the playground along the abandoned rail corridor. Call it Tetanus Park. And the move in special should be a hand gun or a Taser.

[locolife]

Originally Posted by Marvland

Vegas has a tendency to turn into tumbleweeds every decade or two. It's a really boom bust town. I'd be surprised if they still have the Raiders in 10 years. We are heading towards a deep recession (depression?) and the west is plum out of water. Vegas is not primed to handle these next shockwaves well. It's a "hot" town for sure but it's way over built and primed for dificulty. Again.

The South is rising in a permanent fashion so Nashville et al will coontnue to boom. Just got back from a trip there. That city is fantastic and its core is exploding. Cities like Nashville, Charlotte, Charleston etc. Atlanta will be the NYC of the south.

Texas is always a safe bet and certain areas of Florida.

Portland is a mess right now. It will come back (I really hope it does as it's really special) but it's in actual decline.

SLC is ready, underserved and has the ownership team to make it happen. Seems like this forum has forgotten about this: https://sports.yahoo.com/arctos-buys...ltiple%20funds.https://sports.yahoo.com/arctos-buys...tiple%20funds.

It's real and it's going to happen a lot sooner than many think. Many more franchises across multiple sports are in terrible position to survive the coming troubles. The field will be ripe.

Why would you be surprised if Vegas has the Raiders in 10-years? I'll be surprised if there's not at least 1 more team there by then. SLC has been talking about pro-sports expansion since I was a kid, Vegas has actually made it happen not once but twice in the last decade, and an NBA team seems like a forgone conclusion for Sin City at this point. The development pipeline in Vegas is pretty incredible with an annual F1 racing debuting next year among many other major projects. The water issues will be solved, the federal government is mandating it and billions on billions are dedicated to finding solutions. This thread would go beserk if even 1 of these projects we're proposed in SLC.

There's no reason both cities can't grow and prosper at the same time, and I happen to really enjoy Vegas and can't wait to see these projects come online soon.

- The $4.3 billion Resorts World Las Vegas, the Strip’s most expensive integrated resort in terms of construction costs, opened in June 2021.
- The nearly $2B MSG spehere, which will be the largest and highest-resolution LED screen in the world.
- $3 billion Oak View Group entertainment center.
- In June 2021, the Las Vegas Convention Center debuted it's $1 billion, 1.4 million square foot West Hall expansion.
- $550 million Dream Las Vegas hotel and casino.
- $240 million land deal for Formula 1 race track development.
- $5 billion Helios medical campus.

[locolife]

Originally Posted by wrendog

Nice to see! I thought this was somehow associated with Sundial, no?

Was thinking the same, does this mean good news for Sundial?

[Orlando]

Originally Posted by Blah_Amazing

The Stack Apartments - basically completed - January 2023 leasing
https://www.apartments.com/the-stack...ty-ut/2kpce59/
Just within Salt Lake City's borders, the 254 unit 'The Stack' apartments (1111 E Brickyard Rd) has basically been completed. Full leasing available by January 31.

I've been shopping a lot over at Brickyard and I pass by this apartment building. It's done well. I like how they have proportioned the building with the darker brick and lighter tones and then added some interruptions.

[Orlando]

Originally Posted by Enemy4thePeople

Wow. That MIT architecture degree getting put to good use. Looks like someone started putting together parcels literally in the middle of nothing then ran out of money and or patience, and figured, what the hell, "I'm not going to live there."

Should've used a junk yard aesthetic for the playground along the abandoned rail corridor. Call it Tetanus Park. And the move in special should be a hand gun or a Taser.

Too funny.

Though, I like they've added a rail/trail next to the tracks. When I was involved in the Fleet Block/ Granary District masterplan, we proposed a rail/trail along that rail spur and called it 'The Lowline' in reference to the Highline in NYC.

[Orlando]

Originally Posted by wrendog

Nice to see! I thought this was somehow associated with Sundial, no?

The Sundial is a separate development, but was part of the winning proposal with the 465 Main proposal by PEG. Our firm is involved with 465 Main, and there are definitely still some hurdles to go through still.

[Atlas]

Thanks for the updates, Blah_Amazing!

Hey Orlando, any chance we could get an updated massing of downtown with all the known tower projects included?

Anyone have a pulse on the state of office leasing downtown? My guess is that the fortunes of Sundial are closely tied to those trends. Maybe we'll see a residential version instead. Hopefully the design is refined a bit too. Less width more height, please!

[rockies]

Originally Posted by Orlando

Though, I like they've added a rail/trail next to the tracks. When I was involved in the Fleet Block/ Granary District masterplan, we proposed a rail/trail along that rail spur and called it 'The Lowline' in reference to the Highline in NYC.

Is it weird that the tracks crossing 300W for the granary streetcar weren't replaced in the street's reconstruction? I thought they would put new tracks there in preparation for an eventual trax expansion (like the s-line crossing state).

[Atlas]

How topical

Don’t build a new sports stadium in the SLC ‘burbs
‘Power District’ on North Temple would be the best stadium location.

[Enemy4thePeople]

Just testing out hosting an image:

[Marvland]

Originally Posted by Atlas

How topical

Don’t build a new sports stadium in the SLC ‘burbs
‘Power District’ on North Temple would be the best stadium location.

AMEN! RMP or the Fairpark BAYBEEEEE.

[Orlando]

I was just about to post that article.

So, as some of you know, I am involved in the masterplanning of the Power District. This idea has never come up, but something like that would take a huge chunk of the project if it did, and it would probably be placed in the portion of the site that won't be available until the plant shuts down in 10 years.

[Marvland]

Originally Posted by locolife

Why would you be surprised if Vegas has the Raiders in 10-years? I'll be surprised if there's not at least 1 more team there by then. SLC has been talking about pro-sports expansion since I was a kid, Vegas has actually made it happen not once but twice in the last decade, and an NBA team seems like a forgone conclusion for Sin City at this point. The development pipeline in Vegas is pretty incredible with an annual F1 racing debuting next year among many other major projects. The water issues will be solved, the federal government is mandating it and billions on billions are dedicated to finding solutions. This thread would go beserk if even 1 of these projects we're proposed in SLC.

Oh I love me some Vegas. Not because of it new shiny projects. But because of the town and the city. It has amazing access to wilderness and is in a great location. But your statement that the water issues they face will be solved is, er, optimistic. Mead is nearing dead pool. It's bleak. Every large scale development you list is in hospitality. Their economy is growing in the right directions but it's a one trick pony. Salt Lake CSA economy is a real economy. Super diverse. We are on the tail end of a massive asset bubble and I'd be surprised if any number of those projects actually happen or don't retrade in Chapter 11. This is the Vegas way. Hold on to your hat. So I'll stick by my prediction.