Provo MSA Development Thread

[Blah_Amazing]

Berkadia has posted their third quarter Multifamily Housing Report.
https://www.berkadia.com/research-an...ipeline-report

Logan

Ogden

Salt Lake City

South Salt Lake County

Provo

Full List

[Orlando]

https://www.linkedin.com/posts/vcbo_...038549504-lMxq

We are proud that our firm in collaboration with EYP gets to play an important part in impacting our community for the greater good with meaningful projects like the Primary Children's Hospital on the Miller Family Campus in Lehi, Utah. The 38-acre site will include a five-story full-service children's hospital and three-story medical office building. Located in beautiful Utah County, the campus will offer a powerful array of services encompassing pediatric and newborn intensive care, surgical services, in-patient behavioral health, imaging, sleep medicine, outpatient procedures and treatments, and much more

[Orlando]

See video:
https://www.dropbox.com/s/o1xnmxbcl4...Video.mp4?dl=0

[delts145]

Thanks for the heads up on that Orlando. Good to see it finally getting started. I wonder how the new City Hall is coming along? I wish we had more photogs down there like we use to. Also, I wonder if they've started on the new Fine Arts Center yet at BYU? There's a lot going on in the Provo/Orem area, just not too much reporting on it, even less about the Ogden area.

[poodledoodledude]

Construction on the new 5 story Provo city center is coming along. Most of the structure is built.

Millrace is starting to demolish buildings on the block. Let’s hope these buildings get built near Frontrunner. 13 and 14 story condo and office towers is just what Provo needs. Especially in that area.

Fence is also around freedom commons construction site on 200 north and freedom Blvd. we should start seeing construction soon.

Airport is also beginning. 4 gates to start (SLC international has I think 77 gates, so of course much larger. Totally ok. Provo will serve a different market. Up to 30 flights a day. Breeze airlines is talking of coming to Provo. Rumor has it they want to have a PROVO-MAUI direct flight. How cool would that be?!

[Orlando]

Photos by Tosh Metzger, aka Poodledoodledude via New Provo Developments group on Facebook.

[New_Future_Mayor]

Originally Posted by Orlando

Photos by Tosh Metzger, aka Poodledoodledud via New Provo Developments group on Facebook.

This is EXACTLY what Provo Central needs, and every other single FrontRunner station along the entire line.

[Orlando]

Looks like phase II is completed.







https://www.enr.com/articles/50329-o...mpus---phase-2

https://www.linkedin.com/company/dun.../?feedView=all

[Orlando]

https://www.linkedin.com/company/dun.../?feedView=all

[delts145]

Update, American Fork, WOODBURY CORPORATION - Office Project in American Fork - Under Construction

January 15th - Press Release Announcement- https://www.utahbusiness.com/woodbur...-office-tower/

Salt Lake City— Woodbury Corporation, a full-service real estate management and development company, today announced construction is underway on a five-story, 155,000 square foot Class A office tower in American Fork.

Located just north of I-15, between the 500 East and Pleasant Grove Boulevard interchanges, Utah Valley Tower is in a prime location for commuters at either end of the valley. Utah Valley Tower will be one of the largest structures in the area, and in addition to office space it will also feature a gym, lounge, common meeting rooms, locker rooms, gazebos with lunch seating and more. The project is currently the only office building in North Utah County being built in a Qualified Opportunity Zone, which is designed to help spur economic development and job creation in communities throughout the country.

“We believe that this property will serve as Silicon Slopes’ gateway to American Fork,” said Randy Woodbury, president and CEO of Woodbury Corporation. “There’s a lot of activity in North Utah County, and this property has freeway exposure that’s unmatched.”

Regarding the tower, American Fork City Mayor Brad Frost said, “We are excited to have this beautiful facility in American Fork and welcome the innovative businesses that will fill its floors. It is energizing to see this investment in our community, our economy and our people.”

Construction has already begun on the new office tower, which was designed by Babcock Design. It is anticipated that the facility will be ready for tenants as early as Q4 2020...

https://www.connect.media/wp-content...icanforkUT.jpg

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[delts145]

Southern Metro, Utah Valley University Pedestrian Bridge Opens

The new pedestrian bridge connecting Utah Valley University with the Utah Transit Authority’s FrontRunner Orem Central Station is pictured during its unveiling on Thursday, Jan.14, 2021.
Crews will continue putting the finishing touches on the bridge over the next few weeks, with an expected opening in early February. Laura Seitz, Deseret News

New pedestrian bridge will provide safety, save time for Utah Valley students - Deseret News - January 14, 2021 - Jason Lee Reporting: https://www.deseret.com/utah/2021/1/...alley-students

OREM — For nearly three years, Oumar Traore has taken the long way around the I-15 freeway to get to class at Utah Valley University.

A junior majoring in information technology who lives just west of campus, his alternatives are to walk along a frontage road then proceed along heavily traveled University Parkway in Orem, or wait for sparsely scheduled buses, or to brave speeding traffic by dashing across the freeway to get to the other side.

Soon that commuting nightmare will be a thing of the past. On Thursday, the ribbon was cut on a new pedestrian bridge that will make getting to the main campus east of the freeway a whole lot easier and much faster, too...

Utah Valley University mascot Willy the Wolverine, left, President Astrid Tuminez and others celebrate the opening of the new pedestrian bridge connecting UVU with the Utah Transit Authority’s
FrontRunner Orem Central Station on Thursday, Jan.14, 2021. Crews will continue putting the finishing touches on the bridge over the next few weeks, with an expected opening in early February. Laura Seitz, Deseret News

...“I’m a commuter student. I actually come from Eagle Mountain across Utah Lake, so it’s a little bit of a drive for me to get here,” she explained. “Having the option of taking the FrontRunner (commuter rail) and just being able to cross the bridge and be on campus is going to be so great where I don’t have to fight traffic anymore.”

The new pedestrian bridge connects Utah Valley University with the Utah Transit Authority’s FrontRunner Orem Central Station. The $30.7 million bridge was built through a partnership with UVU, UTA, the Utah Department of Transportation, along with the city of Orem and the state Legislature. The high-tech span measures more than three football fields at 1,000 feet long and 15 feet wide, making it the largest pedestrian bridge in Utah.

“This bridge is a one-of-a-kind triumph,” Val Peterson, UVU vice president of finance and administration, said. “Its construction began with a question — how we can safely connect pedestrians on one side of our campus with the other — and the larger question of how to more easily connect the community with UVU? I believe we have done just that.”

The bridge was built using 15,000 square feet of heated concrete that will melt snow and ice in the cold weather months. It also has a full-coverage roof to provide shelter from the elements, an elevator, and the walkway is lined with 125 lights and 18 security cameras for added safety.

Construction was aided by using locally sourced materials to make the finished product.

“One of the interesting things that I found was the girders. The steel underneath the bridge was manufactured at a plant right off of Geneva Road,” said UDOT engineer David Gill. “We were able to go and tour that plant and see how they build those girders — the steel beams to construct the bridge. That was fascinating for me as an engineer.”...


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[delts145]

Robert Redford Sells Sundance Resort - Will develop a new lodge, additional lifts, double skiable acreage

OnTheSnow.com - By Craig Altschul - https://www.onthesnow.com/news/a/637...undance-legacy


Iconic Sundance Resort has new owners. Sundance Resort photo

The Sundance Kid is not a kid anymore. Robert Redford, 84, has sold his unique resort mixing bowl of inspirational culture and outdoor pursuits to a combo of two real estate investment firms with national and international experience in world-class hospitality properties. That experience doesn’t include skiing. No matter. Here’s why:

“Sundance is a uniquely beautiful place,” Bill Jensen, who might be as legendary in the ski industry as Redford is in the movie world, told OnTheSnow.com. “It’s so peaceful, so natural, a totally different feel or vibe than, say, Park City or Vail or Aspen. All the elements are there for us to continue the legacy and expand it.”

Jensen, who left as Telluride’s CEO last summer, has been named a partner and senior adviser at Broadreach Capital Partners, one of the two investment firms. His role will be in strategic planning and positioning, not in day-to-day management (“the resort executive team will stay in place”). Bringing in this U.S. Ski Hall of Famer gives the new owners “instant street cred” and experience.

Investment groups combine

Broadreach, based in Palo Alto, Calif., and Cedar Capital Partners, headquartered in London and New York, combined last month to acquire the iconic Utah resort, named in the 2019 Conde Nast Traveler Readers’ Choice Awards as the number one ski resort in North America.

The synergy between the two investment firms starts with Broadreach Managing Partner Philip (“Flip”) Maritz, who is also a senior adviser to Cedar. Redford and Maritz first discussed a sale almost two decades ago, but Redford wasn’t ready to pass the torch yet. “I had been searching for years for the right people to take it to the next level, so that I could take that weight off my shoulders and enjoy my life," Redford told the Associated Press at the time of the sale. “I gave it some time, and kept questioning him and pushing him. His answers held up. So I said, ‘OK, this is the time and I think this is the right guy.’”

The sale price was not disclosed, but as Maritz told Utah media, It wasn’t all about the money. “He was more concerned about legacy, stewardship, fit, philosophy.”

The portfolios of both firms are impressive, with Broadreach having redeveloped iconic hotels such as The Carlyle in Manhattan; the Fairmont San Francisco; the Biltmore in Santa Barbara; Four Seasons hotels in Toronto, Houston, Austin, and in the West Indies. The extensive Cedar portfolio includes the Monte Carlo Grand in Monaco and The Savoy in London.

The sale does not include Redford’s other assets and Sundance projects including the Sundance Institute, the Sundance Film Festival, Sundance Catalog, Sundance TV or the Redford Center. The resort will continue to host workshops and events organized by those entities. Redford also announced his family has put 300 acres at the base of Mt. Timpanogas, in an area popular with cross-country skiers, into the Redford Family Elk Meadows Preserve in partnership with Utah Open Lands.

“But, don’t be fooled,” Ben Leahy, Cedar managing director and a lifelong skier, told us. “We see Sundance in a different category than all these luxury places. Sundance is all about what nature created.”

The Jensen factor

Bill Jensen, Ski industry icon advises on resort icon

Jensen’s 47-year ski industry career began as a “liftie” at Mammoth in the 1970s and moved on from there to the highest-level executive roles at Intrawest (now Alterra), Vail, Sunday River, Northstar, Breckenridge, Whistler and Telluride. His track record and quiet demeanor has made him a well-liked and respected leader.

He told us he met ‘Flip’ Maritz about 20 years ago during his tenure as Vail’s chief operating officer. Maritz has a home in Vail. Jensen said he signed on as a partner with Broadreach to bring a strategic vision and positioning for the future of Sundance, particularly when it comes to its winter life as a ski resort.

The summer experience at the resort includes the Sundance Institute from May to July, but the entire season invites guests to choose a variety of outdoor adventures. The resort website puts it like this: “Bike, hike, ride a horse, raft a river, or catch a fish. Stroll through a shady aspen grove, wade in a cold mountain stream, enjoy our private park - The Hollow. In Sundance, Utah you can be more than a human being, you can be a human doing!” Basically, the idea is to offer an adult summer camp, Maritz says.

But in winter, activity shifts to 12,000-foot Mt. Timpanogas, the behemoth in Provo Canyon, where the resort sits peacefully in the North Fork. Top elevation of the ski service area is 8,250. The 42 ski runs are spread over 450 acres of steep bowls for advanced skiers and groomed slopes for beginners and intermediates.

Jensen told us his group intends to invest in the resort infrastructure by doubling the available ski terrain to 850 acres and adding in more novice territory. The plan is to add three new lifts, replacing one with a high-speed detachable quad, as well as increasing skier services and expanding parking.

A new village lodge

He said building a 50 to75-room lodge in the village is also on the drawing board as that’s particularly important for conference business. A continued commitment to sustainability in all its forms is a given as part of the sale.

Sundance long has been popular with local Utah County skiers where Provo is the largest city and the home of Brigham Young University (BYU).

Jensen said the county will be a major focus for growth in skier numbers. Utah County’s population has jumped by double digit percentage growth every year since 2010. Sundance will continue to lure the destination vacationer as well as skiers taking a day of their ski week at the Park City resorts and making the 45-minute drive to experience Sundance. Salt Lake City is less than an hour away.

So, the memorable quote from Butch Cassidy and the Sundance Kid – “who are those guys?”- has a good answer. “Those guys” appear to be ready to do exactly as Redford has envisioned for the future of Sundance, all the while taking it to that new level.

As Jensen puts it: “There aren’t many brands like this in the ski world.”


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[New_Future_Mayor]

Gee yet another 5 story office building along I-15 in Utah County. (insert sarcastic announcement music hear) there should be laws against calling anything that is 5 stories a tower.

[delts145]

UTA moving forward with plans for transit spine through Utah County

By Ryne Williams, Daily Herald https://www.heraldextra.com/news/loc...c95ed6c9a.html

Officials from UTA made a presentation to the Provo Municipal Council on Tuesday about the Central Corridor Transit Study and a preferred route from Lehi and Provo FrontRunner stations using bus rapid transit.
Using responses from the first and second comment periods on the study, it was determined that the preferred route will run through seven different cities in Utah County, creating what officials called a high-capacity transit spine.
“The Central Corridor Transit Study is looking at our 850 bus that travels north and south along State Street from Provo Frontrunner to Lehi Frontrunner,” said Mary De LaMare-Schaefer, regional general manager for UTA in Utah County. “This came on the heels of the great success of the UVX system where the cities from Provo to Lehi were very enthusiastic about wanting to move transit forward.”

A Utah Valley Express bus pulls away from Provo Central station as the Utah Transit Authority celebrates a year of service for the UVX line Thursday, Sept. 12, 2019. Isaac Hale, Daily HeraldIsaac Hale, Daily Herald

The study’s process involved an evaluation of high-capacity transit improvements along the route, selecting a preferred alternative to be moved into future phases of the project and provide a collaborative process for all involved.

Over a year ago that process began and since then a number of alternatives to the project have been looked at, coming to the decision that the preferred alternative is the best option.

A planned 25-mile long route from Lehi to Provo, with over 30 stations, will operate a bus rapid transit which is similar to the existing UVX.

From Lehi to American Fork the line will utilize a freight corridor to stay off of existing streets. In American Fork the line will jump on to State Street, then along North County Boulevard through Pleasant Grove and Lindon before getting back onto State Street through Orem and into Provo.

The route also will include a branch to connect to the Vineyard FrontRunner stop.

The key features listed during the presentation included a high-capacity route to service local and regional trips. Connections to UVX, FrontRunner and the Point of the Mountain study will allow for more transit options while also connecting transit into southern Salt Lake County.

One of the biggest questions brought up was, why is this needed with the FrontRunner?

The response was that the FrontRunner stations are spaced further away from each other. This project would act as a complement to the FrontRunner, allowing for more frequent stops through the seven cities as well as connecting to three different FrontRunner stops along the route.

“Our big picture goal and marching order was to really look at providing a robust, high-capacity transit corridor from Lehi to Provo,” senior planner Claire Woodman said. “We really wanted to evaluate different alignments and different mode options that could really meet the needs of all the communities along this corridor and also the regional transportation needs.”

The proposed plan shows the buses running in their own lanes down the middle of State Street in Provo, which will lead to the possible movement of shoulders, parking and sidewalks.

The study has received 250 comments so far and it has received some strong support for the route. Concerns surrounding the project include more vehicle congestion, the widening of roadways to accommodate the buses and the safety of pedestrians.

There will be an online public open house on the preferred alternative held on Oct. 26 and 29 at 7 p.m. The public will be presented the plan with opportunities for comment and questions.

To learn more about the study and proposed route, visit the website at www.centraltransitutah.com.

[delts145]

The 5 Best Cities for Freelancers in 2020
- https://livability.com/topics/educat...ancers-in-2020

Provo - Boise - Tulsa - Baltimore - Fort Worth

Provo - The greater Provo metro area is one of the fastest growing areas in the country — and a potential dream location when you’re an independent contractor. With a low, flat state income tax rate of 4.95% and a cost of living that’s two percent below the national average, Provo will be light on your wallet (helpful when you’re waiting on a client to come through with a payment).

Provo has a fairly large self-employed population — 3.7% according to the American Community Survey — and around 15% of the population reported some kind of self-employment income, likely due to its general atmosphere of entrepreneurship. In fact, did you know that a dozen entrepreneurs from “Shark Tank” are from Provo?

In addition to all of the business pros for freelancers, Provo is routinely named one of the best places in the country to live thanks to its overall high-state of well-being and remarkably beautiful and peaceful surroundings. When freelancers aren’t busy meeting a deadline, they can hike the Bridal Veil Falls, admire the views at Provo Canyon or head about 20 minutes to Sundance Resort, which is Conde Nast ranked as the no. 1 ski resort in North America and historic heart to one of the most famous film festivals in the world.

https://livability.com/sites/default...UTDowntown.jpg

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[delts145]

401 Lofts


https://www.facebook.com/provoecdev/...jJ2rOmtXLwKSXg

[delts145]

Southern Metro Updates - Provo's new $40 million municipal airport terminal

PROVO — Provo Municipal Airport. The 100,000-square-foot facility will feature four gates, a baggage claim and Transportation Security Administration stations. The structure will be configured so it could be expanded to 10 gates.

In addition to making it more convenient for travelers, Utah Lt. Gov. Spencer Cox, who attended Wednesday’s ceremony with Provo Mayor Michelle Kaufusi and other state and county leaders, said the new terminal will offer more options for travel
and business.

”This changes everything, so it’s not just Utah County, it’s a whole bunch of rural Utah. Unless you’re close enough to St. George, this really is the best option for so many of us,” Cox said.

An artist’s rendering of the new terminal at the Provo Municipal Airport. MHTN Architects

“It’s been a long time coming,” Gleason said, adding that Utah Valley’s growth projections are “through the roof,” so the terminal can do nothing but help alleviate pressure on I-15 and the Point of the Mountain.

According to a study by University of Utah’s Kem C. Gardner Policy Institute, Utah County is expected to claim 27.8% of Utah’s population by 2065, only over 1% less than Salt Lake County’s projected 29.1%.

Funding from the project will come from an estimated $8 million grant from the Federal Aviation Administration, about $19 million in dedicated funds from the city, $4.3 million from Utah County, as well as $9 million in existing bond money
approved during the last legislative session. Officials say it will not affect residents’ taxes.

The new terminal could bring in an annual economic impact equivalent to $15 million, according a news release from the city last year. The influx of flights, hotel stays, car rentals and jobs will boost the economy.

The terminal is expected to be completed in December 2021.

https://cdn.vox-cdn.com/thumbor/9ey_...rlin_18105.jpg


https://cdn.vox-cdn.com/thumbor/BvXC...rlin_18103.jpg




February 24th

Photos By Dickson Holmes @ facebook - https://www.facebook.com/photo?fbid=...88319628096092

South east corner of the terminal building



Looking through the doorway of gate #1 - which will lead to the enclosed and covered jetway.







These grey boxes will be for electrical floor outlets to charge your phone.

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[delts145]

Two New Solar Plants Coming To Southern Metro - Mona & Spanish Fork

Provo City Power :

80 MW Solar Plant Construction has begun! ☀️
This will be an 80-Megawatt plant that will be a huge resource for our community. When complete, this particular solar plant, along with our hydroelectric sources will put our non-carbon energy resources over 40%!

This is a great step towards the goal set forth by the Provo City Municipal Council that Provo Power uses 60% renewable energy by the year 2030.

In addition, we are very excited to announce that UMPA is building another solar plant in Spanish Fork to generate power for our community, and soon (Summer 2021), our customers will be able to sign up for solar energy from this site. This is especially great for customers that have been interested in solar, but couldn't otherwise put panels on their homes due to financial or structural limitations, sun exposure, etc.

Contracts and logistics are being worked out now, but it is anticipated that customers will be able to lock in rates around $0.11 per kWh for up to 20 years (in addition to regular utility bills). More details and information will be shared soon, but until then, check out www.renewchoice.com for other programs and information.

[delts145]

Chart and table of population level and growth rate for the Provo-Orem metro area from 2017 to 2021. United Nations population projections are also included through the year 2035.

https://www.macrotrends.net/cities/2.../population?q=

The current metro area population of Provo-Orem in 2021 is 793,000, a 3.52% increase from 2020.

The metro area population of Provo-Orem in 2020 was 766,000, a 3.79% increase from 2019.

The metro area population of Provo-Orem in 2019 was 738,000, a 4.24% increase from 2018.

The metro area population of Provo-Orem in 2018 was 708,000, a 4.73% increase from 2017.



Chart and table of population level and growth rate for the Salt Lake City metro area from 1950 to 2021. United Nations population projections are also included through the year 2035.

https://www.macrotrends.net/cities/2...ity/population

The current metro area population of Salt Lake City in 2021 is 1,180,000, a 0.94% increase from 2020.

The metro area population of Salt Lake City in 2020 was 1,169,000, a 0.95% increase from 2019.

The metro area population of Salt Lake City in 2019 was 1,158,000, a 0.96% increase from 2018.

The metro area population of Salt Lake City in 2018 was 1,147,000, a 1.41% increase from 2017.



Chart and table of population level and growth rate for the Ogden-Layton metro area from 1950 to 2021. United Nations population projections are also included through the year 2035.

https://www.macrotrends.net/cities/2...ton/population

The current metro area population of Ogden-Layton in 2021 is 725,000, a 1.97% increase from 2020.

The metro area population of Ogden-Layton in 2020 was 711,000, a 2.16% increase from 2019.

The metro area population of Ogden-Layton in 2019 was 696,000, a 2.2% increase from 2018.

The metro area population of Ogden-Layton in 2018 was 681,000, a 2.71% increase from 2017.

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[wrendog]

Sheesh. Provo MSA over 1 million possible in the next decade. Crazy