Quote:
Originally Posted by Atlas
Block 40, where the Newhouse Hotel used to be, is also a prime location for a cool development. It appears to now be owned by City Creek Reserve, so I'm wondering if (hoping) that will be their next big project after 95 State. Maybe they can call it "the Newhouse" or something in memorial.
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I just wanted to make a few comments on this.
While the block is owned by City Creek Reserve/old PRI, there are not any plans to work on the lot in the next 5 to 7 years. They do have future plans but nothing begins refinement work until between 5 to 7 years before planned construction.
I do expect that CCR will continue to work on their properties in the northern end of the CBD for their next few projects. This was planned before COVID and I would think that this plan has been reinforced in that CCR would want to ensure the success of the City Creek Center. This will be done with additional residential and commercial near the center.
CCR will hold of construction of both the Cascade and the residential tower on the NW corner 1st South and 2nd East (current staging lot for 95 South State), to allow Kensington Tower and the Utah Theater Tower to be constructed. If either the Theater Tower or Kensington Tower fall through, one of the 2 CCR residential buildings will be moved up.