Miller Family releases new renderings showing the vision for MLB stadium and Power District
The Larry H. Miller Companies released new conceptual renderings on Thursday that show their vision for their ideal layout for a Major League Baseball stadium and the redevelopment of the 100-acre Power District on Salt Lake City’s west side.
The renderings show the stadium would be built up against the Jordan River, with an activated river walk on both banks.
The Power District would be filled with mixed uses, with the Rocky Mountain Power headquarters at the center and a new substation on the south end. Continue Reading…
SLC Multi-family Strong Fundamentals Amidst Cooling Off
As investors nationwide throw on the brakes building new projects and making big transactions, the greater Salt Lake area has certainly lurched into slowdown mode.
Yet key measures in the local apartment market predict a soft landing rather than a crash.
That’s the conclusion of CBRE’s 2023 Midyear Multifamily Market Report, which hit email inboxes last week.
Big new hospital moves step closer to reality in downtown Salt Lake City
This proposed development in SLC is good news for our project at 30 West!
Intermountain Health has received a crucial green light for its plans to build a large urban hospital in downtown Salt Lake City.
The Utah-based health care system drew an endorsement Wednesday from city planners to rezone a nine-acre cluster of 10 properties centered at 754 S. State St., former site of a Sears department store, to allow for taller and denser construction in proportion with the downtown core.
Intermountain officials said they have not started the design process for the new facility, but was committed to quality construction and to shaping their addition to the city’s landscape to be compatible with surrounding neighborhoods and also take advantage of proximity to mass transit. Continue Reading
Big changes — and a big chance at rebounding — are coming to SLC’s western gateway
North Temple to see new developments from Rocky Mountain Power, the Fairpark and the city.
Decades have passed since Margaret Holloway worked at a video store on North Temple. Since then, she said, the area has had trouble holding onto businesses.
She remembers the heyday of Diamond Lil’s steakhouse before it shut down — and caught fire. There have been previous unsuccessful efforts to revitalize this western gateway into downtown Salt Lake City with the help of business owners. And for a long time, the street housed run-down businesses and vacant buildings. Continue reading…
Happy landings: SLC, Delta sign major deal. Here’s what it means for Utah travelers
The Salt Lake City International Airport has locked in Delta Air Lines as a hub carrier for the long haul.
The city and airline finalized a contract last month that will keep the company in Utah’s capital until at least mid-2044, with an option to extend the lease another 10 years.
It’s a landmark deal that will keep revenue flowing to the airline in Salt Lake City, give the airport the financial backing it needs to pay for a 16-gate expansion on concourse B, and ensure Delta passengers in Utah and across the West have a reliable connection point to the rest of the country for decades to come.
Click here to read the full article.
It’s blowin’ up, part 8: N Temple ‘catalytic’ mixed-income project getting ready to rise across from Rocky Mountain Power’s dead zone
At the Power Station TRAX, clustered on the north side along Cornell St, hundreds of new homes are about to be built.
At 1500 W, 200 of those are federal tax-credit subsidized “affordable” units. They will be housed with a large daycare facility and over 5000 square feet of retail space.
Let’s take a look at the latest iteration of the SPARK! project – just filed at the city for design review. Click here to read the full article.
New census numbers are staggering. We know Utah is growing. See by how much and where.
Utah is in the middle of a historic population boom, and new census numbers released Thursday make it clear no state is transforming at a faster clip.
Its nation-leading population spurt has spurred an impressive rise in new housing. Utah remains the nation’s youngest state and yet it saw the fastest growth in residents 18 and older. Its population is diversifying, particularly in metro areas where the state saw a jump in its Hispanic population.
The Census Bureau released this 2020 data Thursday to help states create new political districts as required by the Constitution, but these numbers also tell a story of a nation that is growing older and less white, and where the West is rising. Read the full article https://www.sltrib.com/news/2021/08/12/new-census-numbers-are/
Think you know the Utah State Fairpark? You’ll barely recognize it in 15 years
The development future of the North Temple corridor depends in an outsized way on its two largest landholders – Pacificorp (Rocky Mountain Power) and the Utah State Fairpark.
The Best Places to Invest in 2021 – CrowdStreet’s Top Real Estate Markets
As we enter 2021, the U.S. commercial real estate (CRE) market is poised to move beyond its trough of 2020 and enter a new cycle of growth. Thanks to a reported 3.8% increase in GDP and the mass distribution of COVID-19 vaccines, recovery comes with the anticipation of increased transaction velocity—nearly 40% increase in total U.S. CRE transactions for the next year, according to CBRE’s mid-year 2020 report.