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Update - Downtown Adj. - Central City - Developer focusing on for-sale missing middle housing

Isaac Riddle Reports - Full Article @http://www.buildingsaltlake.com/deve...iddle-housing/

Although the Wasatch Front’s booming economy is attracting workers from across and outside the state, home builders haven’t been able to keep up with demand creating a seller’s market with more demand than there is supply.

In addition, since the Great Recession banks have been reluctant to finance condominium projects, so for developers looking to build higher density residential project are turning to multifamily rentals.

Jordan Atkin of the local development firm, TAG SLC, sees building for-sale missing middle projects as a way to meet the region’s demand for for-sale housing project while increasing density in high demand areas like Salt Lake City.

“People who want to be in the city, I don’t think they are requiring detached single family homes,” said Atkin. “We are trying to fill (the housing gap) in with some much needed for-sale product.

The missing middle refers to housing, like townhomes and duplexes, that bridges the gap between single family detached homes and mid-rise multifamily buildings...


Rendering of the TAG 1700 South Townhomes. Image courtesy the developers.

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