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Old Posted Dec 12, 2019, 4:20 PM
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delts145 delts145 is offline
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Salt Lake City & MSA/CSA Rundown


Holiday Metroscape


Northern Metro - Snowbasin Resort

https://ca-times.brightspotcdn.com/d...p-20171208-021

Central Metro/East - In Park City at Deer Valley's Stein Eriksen Lodge

https://www.deervalley.com/-/media/d...56E1BE1710E097



Central Metro/East - Park City - Market Place AT Silver Creek

New mixed-use workforce development to be built near U.S. 40 and Silver Summit

The application for a major commercial and residential development near the intersection of Silver Creek Drive and U.S. 40 shows a shopping center with restaurants and a grocery store, along with condominiums and an amphitheater.

Summit County’s newest proposed mixed-use development would be located at the Silver Summit roundabout, where Silver Creek drive and Old Highway 40 intersect. The development would be comprised of two sites: 15 acres at the corner of the Home Depot roundabout and about 4 acres at the junction of Promontory Road and Silver Creek Drive, according to the application Marketplace at Silver Creek LLC submitted to the Planning Department...

Marketplace Commons would include 178 residential units and 98,000 square feet of potential restaurant, retail, office and live/work spaces. The area would be anchored by a 62,000-square-foot grocery store that could be built in two phases.

The developers are proposing a brew pub, micro hotel, retail complex and drug store, according to Henry Sigg, a principal with Marketplace at Silver Creek LLC. A parking garage with up to 500 spaces, as well as a natural amphitheater and stage area, are also proposed at the site.

“The timing is so perfect for this,” Sigg said. “Another market in that location will ease a lot of pressure and provide a lot of need, and create a tremendous sense of community gathering at this location in relation to the new preserve site and retail uses we are proposing there.”



A rendering shows what the Marketplace Commons development would look like for the corner near the intersection of Silver Creek Drive and U.S. 40. The plans show the project would include a grocery store, micro hotel and amphitheater. Courtesy of Marketplace at Silver Creek Center LLC

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Last edited by delts145; Dec 12, 2019 at 5:42 PM.
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  #5822  
Old Posted Yesterday, 11:11 AM
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Downtown Update - Block 67


Downtown Salt Lake City to get a $15 million underground parking garage

By Tony Semerad, The Salt Lake Tribunehttps://www.sltrib.com/news/2019/12/...city-approves/

Salt Lake City has approved a way to pump $15 million into building a huge subterranean parking garage for Block 67, an upcoming ambitious residential and hotel project on the western edge of the city’s downtown.

The agreement, backed Tuesday by the City Council in its role overseeing the city’s Redevelopment Agency (RDA), clears a major hurdle for what is to be known as The West Quarter, a 6.45-acre development bounded by 100 South and 200 South from 200 West to 300 West.



(Rendering by The Ritchie Group) A rendering of The Ritchie Group's proposed Block 67 development in Salt Lake City, as though looking north along 300 West...



Developers with Salt Lake City-based The Ritchie Group and Garn Development Co. in Layton plan to build more than 650 dwellings, two hotels, an office tower, retail shops, a tree-lined street cut through the block and an underground parking garage with more than 1,200 stalls.


With its four towers and extensive amenities, to be built in two phases, The West Quarter project will push the center of the city’s urban core west, with more robust pedestrian connections between the existing downtown and The Gateway and Vivint Smart Home Arena farther west.

“It really is a good project,” Councilman Charlie Luke said Tuesday. “It really is going to do a lot for the city and especially for that part of the city in terms of redevelopment."...

...Ryan Ritchie, a principal in The Ritchie Group, has said the underground parking garage is integral to the project’s overall financial success...The loan agreement sets up a legal mechanism for the city to give the developers the $15 million in state money for the parking garage, then lets the developers pay it back over time as their project generates additional tax money. Salt Lake City’s RDA will, in turn, pass those payments back to the county...



Additional Renderings of Block 67 - Subterranean garage to serve both Phases I and Phase II



Quote:
Originally Posted by scottharding View Post
December 10th - There was a backhoe at Block 67 today, ripping up concrete and demolishing the parking lot gate booths.

Quote:
Originally Posted by meman View Post
December 5th - Construction fencing is going up around the West Quarter site today!!

Looks like another big project is imminent!!
Jacobsen is partnering with The Ritchie Group and Garn Development to build Phase I of The Block 67 Project. The West Quarter, a multi-use development that will help define the emerging sports and entertainment district in downtown Salt Lake City. The project — adjacent to Vivint Smart Home Arena — will feature more than 650 residential units, a mid-block street with access to 200 South and 300 West, and a subterranean parking garage. The scope of work also includes more than 100,000 square feet of retail space, 430,000 square feet of office space and a 271-room hotel.

Phase I, The West Quarter

http://www.jacobsenconstruction.com/...1-1370x580.jpg


Rendering depicting Phase II of the Block 67 Project

https://images1.loopnet.com/i2/q_-ca.../112/image.jpg

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Last edited by delts145; Yesterday at 11:44 AM.
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  #5823  
Old Posted Today, 12:40 PM
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Downtown Update - Salt Lake City approves deal to give Utah Theater to developers, in exchange for affordable housing


Tony Semarad - The Salt Lake Tribune - https://www.sltrib.com/news/2019/12/...ty-gives-utah/



(Francisco Kjolseth | The Salt Lake Tribune) The aging Utah Theater on Main Street shows its wear on December 3, 2019. Faced with prohibitive costs of renovating 101-year-old venue, city officials have opted for plans to redevelop the site with a mixed-use skyscraper at least 30 stories high, with affordable housing, a public green space, parking structure and reuse of key elements from the historic theater.


A divided Salt Lake City Council voted Tuesday to approve a deal to let developers assume ownership of the dilapidated Utah Theater and demolish it to make way for a new downtown skyscraper. The price tag? Zero dollars.
In their role governing the city’s Redevelopment Agency, council members were split 5-2 over the deal, with Ana Valdemoros and Andrew Johnston opposing Mayor Jackie Biskupski’s request to write down the site’s recently appraised value from $4 million to zero before selling it to two co-developers, Hines and LaSalle. That land discount is being offered in exchange for 30 of the proposed residential skyscrapers’s 300 apartments being set aside as affordable for those making roughly 60% to 80% of the city’s average income. The skyscraper project, estimated to cost $100 million or more, would also create a new midblock walkway at that spot on Main Street and potentially, a new downtown park, which has long been a city priority.
The deal approved Tuesday also requires Hines and LaSalle to reuse and prominently display historic elements from the 101-year-old theater, including a portion of its stage, interior sculptures and a unique Tiffany skylight. Those public benefits, a majority of council members said, justify discounting the price for the theater, which the city bought for $5.5 million in 2010...



Update - December 1st

Quote:
Originally Posted by Makid View Post
It does appear that the Utah Theater is going away and I would expect that Hines would like to start work on the Pantages Tower as quickly as possible, probably shortly after they complete the renovations and upgrades to the Kearns Building (3 months or so).

I think LaSalle has had their tenants on shorter leases in anticipation of action as well. This would allow the project to move quickly.












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Last edited by delts145; Today at 12:51 PM.
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