Salt Lake City
Investing in Utah’s Historic Sites Pays Big Dividends, Study Contends
Utah’s job market has seen major improvement during the past years but there is a particular sector that has captured the attention of investors across the U.S. A new study regarding the manner in which the state has used its resources to invest in the preservation of historic buildings and sites throughout Utah revealed the economic effect of this “backward”-thinking model. Deseret News recently reported on the study conducted by PlaceEconomics for the Utah Heritage Foundation. Apparently, around seven thousand jobs are created annually by the heritage sector of the state’s tourism industry, directly and indirectly.
Cottonwood Heights Plan Heads for Showdown With County Council
The Tavaci Development is once again up for review, now with the Salt Lake County Council after the Salt Lake County Planning Commission only recently rejected the project’s request. The developer in charge of the project, Terry Diehl, is requesting that his company be allowed to turn 43 half-acre residential lots into a multifamily development that would also involve elements of commercial real estate and 100-foot high buildings.
SLC to Build Broadway-scale Performing Arts Venue after City Council Approves $18 Million Boost
A $100 million dollar feature is edging closer and closer to Salt Lake City’s downtown.
TRAX Extension Receives $116 Million from the Federal Transit Authority
By Alex Girda, Associate Editor
The Federal Transit Administration has agreed to grant $116 million to a Salt Lake City transportation project. The local community will benefit from a TRAX extension from Sandy to Draper, a project that according to federal official Peter Rogoff will provide “reliable and desirable transit” to the aforementioned communities. Rogoff, the […]
Plans for Convention Center-Area Hotels, Airport Renovation Advance
Set to be developed on a 3.26-acre site at the southwest corner of West 100 South and South 300 West, located in the immediate vicinity of the Energy Solutions Arena. Apart from the 19,000-seat sports arena, the development will also be near the Salt Lake Palace Convention Center and the city’s Temple Square, its largest tourist spot. Retail options in the area will be ensured via the large City Creek and Gateway retail centers, with a combined square footage of over 1.5 million square feet.
Microsoft, Nordstrom Raise Local Profiles With New Stores
By Alex Girda, Associate Editor
Greater Salt Lake City is in for two very different bits of retail news as tech giant Microsoft has just opened its new location in the City Creek development while Nordstrom has recently announced its plan to open a new Nordstrom Rack location in Farmington. Last year’s opening of City Creek most likely helped the area’s retail sector to realize its true potential, and as a result, big name retailers are either expanding existing operations or opening brand new venues in the state of Utah.
Purchase of $865M Portfolio Pushes RHP Properties Upward
RHP Properties is now the nation’s largest privately held owner and operator of manufactured-home communities, thanks to its most recent acquisition, of an $865 million manufactured-housing portfolio.
Summer Kickoff Eyed for Geneva Steel Site Redevelopment
One of Utah’s most exciting ongoing projects is the one that is about to take shape at the site of the former Geneva Steel site in Vineyard, Utah County. Developer Anderson Geneva has had a number of different ideas for the 100-acre site, the first of which was to build a new sports arena for the state’s foremost soccer team, Real Salt Lake. However, after the collapse of that initiative a new plan followed, one that would call for a massive mixed-use community to rise where one of the largest steel mills in the country once stood.
Megahotel Plans Pick Up Steam From State Funding Sources
Salt Lake City’s entrepreneurs and local officials have spotted the need for a convention center and larfe new hospitality property in recent years, a development that would further the convention and meeting space culture in the area. Mostly referred to as the “megahotel project”, the initiative has been gaining traction over past months up to a point where a number of measures were produced to help with the financing for the much-desired development. Those legislative measures were supposed to provide approximately $100 million-worth of public contribution to the process.
Marriott’s Courtyard Salt Lake City Airport Wraps Makeover Aimed at Business Travelers
Located at 4843 Douglas Corrigan Way, the 154-key Courtyard Salt Lake City Airport now features the brand’s established Refreshing Business lobby concept, as well as a brand new design for its suites. RLJ Lodging Trust has introduced a number of modern amenities in the package made available to the hotel’s guests: the lobby now includes media pods, Wi-Fi access, as well as a new layout that allows for social gatherings as well as pop-up meetings to be held conveniently. New plush bedding, a functional work space, improved bathrooms, separated seating areas and high-speed internet connections complete the in-room amenity package made available to the hotel’s patrons.