Another project has popped up on the Lowe Property Group website called NAC. This project is directly across the street (500 South) from Lowe Property Group's proposed A&Z project.
The description states, "The 8.53 acre NAC site is a full city block in Downtown SLC, from 300 to 400 W and 500 to 600 E (Note: typo - supposed to say 600 S.). Located between the main entrance and exit boulevards to the City, this site is the next great expansion piece of Downtown. The project will consist of Class A multifamily units and creative office, retail, and industrial space. The project is located in a qualified 'opportunity zone'."
NAC Project site - Lowe Property Group.
NAC Project - Lowe Property Group. If you look in the top left corner you can see the west side of the other Lowe Property Group proposed project 'A&Z,' which we discussed a couple weeks ago. Here is A&Z's property's description: "The 3.3 acre A&Z site has full street frontage along 500 South, the main avenue from downtown Salt Lake City, Utah, to I-15, and will consist of Class A multifamily units and creative office / mixed use space. The project is located in a qualified 'opportunity zone'."
NAC Project - Lowe Property Group. If you look in the top right corner, you can see the east side of the other Lowe Property Group proposed project 'A&Z.'
NAC Project - Lowe Property Group.
A&Z Project and NAC Project sites - Lowe Property Group.
If both of these projects get built, we are looking at almost 12 acres of new development.