{"id":1004074904,"date":"2013-05-24T08:28:02","date_gmt":"2013-05-24T16:28:02","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=129317"},"modified":"2020-05-10T21:56:09","modified_gmt":"2020-05-11T05:56:09","slug":"plans-for-convention-center-area-hotels-airport-renovation-advance","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/plans-for-convention-center-area-hotels-airport-renovation-advance\/","title":{"rendered":"Plans for Convention Center-Area Hotels, Airport Renovation Advance"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/em><\/p>\n

After a lengthy gestation period, two hospitality projects tied to Salt Lake City\u2019s planned convention center are ready to get off the ground . A joint venture of Alex Brown Realty Inc., PEG Development and Blue Diamond Capital are proposing a complex that would include two hotels, a parking structure and a mixed-use retail component.<\/p>\n

Set to be developed on a three-acre site at the southwest corner of West 100 South and South 300 West, the project would be located near Energy Solutions Arena, Salt Lake Palace Convention Center and Temple Square. City Creek and Gateway offer 1.5 million square feet of nearby retail space between them.<\/p>\n

Also advancing is a $2 billion renovation plan for Salt Lake City International Airport. The project would focus on securing faster takeoffs, the introduction of new equipment and taking advantage of the nearby mountain views. The Deseret News<\/em><\/a> reports that airline fees, ticket surcharges and federal grants would provide funding for the project, which is scheduled to get under way next year and conclude in 2024. Around 11 percent of the project’s budget will come from federal grants. <\/span> <\/span> <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

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\u2019s 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.<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1606],"tags":[],"class_list":["post-1004074904","post","type-post","status-publish","format-standard","hentry","category-latest","category-salt-lake-city"],"acf":[],"yoast_head":"\nPlans for Convention Center-Area Hotels, Airport Renovation Advance - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/plans-for-convention-center-area-hotels-airport-renovation-advance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Plans for Convention Center-Area Hotels, Airport Renovation Advance\" \/>\n<meta property=\"og:description\" content=\"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. 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