Salt Lake City high-rise office is 20 percent leased, 2 years before completion
November 29, 2007
http://www.tmcnet.com/usubmit/2007/11/29/3130648.htm
A high-rise office building under construction at 222 S. Main St. in downtown Salt Lake City already is about 25 percent leased even though tenants won't be able to move onto the property for another two years.
"Right now we've got a hole in the ground and more prep work to do," said Bruce Bingham, a principal at the Chicago-based Hamilton Partners. "Once that is completed, though, we will be able to go vertical, probably in late winter."
Bingham said the success of Hamilton Partners' high-rise project in downtown Salt Lake City may have a "ripple effect" and eventually lead to the construction of additional new class A buildings downtown. "For now though, we would just as soon have that [niche] to ourselves."