{"id":1004185907,"date":"2017-08-03T05:19:36","date_gmt":"2017-08-03T13:19:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004185907"},"modified":"2022-12-09T00:10:58","modified_gmt":"2022-12-09T08:10:58","slug":"st-john-properties-breaks-ground-on-slc-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/st-john-properties-breaks-ground-on-slc-campus\/","title":{"rendered":"St. John Properties Breaks Ground on SLC Campus"},"content":{"rendered":"

By Keith Loria, Contributing Editor<\/em><\/p>\n

\"Rendering<\/a>

Rendering of Grove Tower<\/p><\/div>\n

St. John Properties broke ground on Valley Grove, a 62-acre master-planned development in Pleasant Grove City, Utah, as part of a $250 million investment the company is making in the area.<\/p>\n

\u201cWe are thrilled with the pro-business climate and warm reception we\u2019ve received in Utah,\u201d <\/em>Edward St. John, St. John Properties\u2019 chairman & founder, told Commercial Property Executive. \u201cWe strive every day to provide places for great companies to grow their businesses, increase employment, generate profits and pay taxes.\u201d<\/em><\/p>\n

The Valley Grove development will consist of more than one million square feet of Class A office, restaurant, retail and hospitality space, and will include more than 2,000 trees, which will accompany a selection of LEED designed buildings for maximum energy and water savings and minimize negative environmental impact.<\/p>\n

Project impact<\/h2>\n

Valley Grove is anticipated to generate more than $800 million in tax revenue to the state, county and Pleasant Grove, while hosting more than 7,000 employees.<\/p>\n

\u201cThe appeal of this location was centrality in Utah County, incredible traffic infrastructure and a hole in the market that wasn\u2019t being serviced,\u201d<\/em> Daniel Thomas, regional partner for St. John Properties Utah, told CPE<\/em>. \u201cWe saw a hole in the heart of Utah County, almost half way between Lehi and Provo where there was a lack of amenities and Class A office.\u201d<\/em><\/p>\n

St. John Properties is already developing Grove Tower<\/a>, a new 190,000-square-foot office building as part of the community, which is expected to be completed by the end of the year. Coldwell Banker Commercial Advisors will expand and relocate to Valley Grove\u2019s Grove Tower, taking nearly 16,000 square feet.<\/p>\n

\u201cWith the congestion and traffic challenges of Lehi, we knew there was an untapped demand in other portions of North Utah County where alternatives to office and retail would be well received,\u201d <\/em>Thomas said. \u201cPleasant Grove was the perfect destination for Valley Grove.\u201d<\/em><\/p>\n

According to Thomas, the company looks 40-50 years into the future for developments and investments with a potential impact well beyond the typical 5-to 10-year cycle.\u00a0<\/p>\n

\u201cValley Grove will be a central destination for people and businesses well into the future,\u201d <\/em>he said. \u201cWith proximity to I-15 and North County Blvd, we saw an opportunity to avoid many of the infrastructure challenges that are plaguing the Wasatch Front.\u00a0We saw a location where people from all over Utah County could have easy access to and from so they spend less time in traffic and more time with family in these great outdoors.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The company is investing $250 million in the development of Valley Grove, a 62-acre master-planned community in Pleasant Grove City, Utah.<\/p>\n","protected":false},"author":451,"featured_media":1004185913,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21752,21742,21747,1606,15],"tags":[32779,35112],"class_list":["post-1004185907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-mixed-use","category-latest","category-office","category-salt-lake-city","category-west","tag-leed","tag-st-john-properties"],"acf":[],"yoast_head":"\nSt. John Properties Breaks Ground on SLC Campus - 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\/st-john-properties-breaks-ground-on-slc-campus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"St. John Properties Breaks Ground on SLC Campus\" \/>\n<meta property=\"og:description\" content=\"The company is investing $250 million in the development of Valley Grove, a 62-acre master-planned community in Pleasant Grove City, Utah.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/st-john-properties-breaks-ground-on-slc-campus\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-03T13:19:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T08:10:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Rendering-of-Grove-Tower.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/st-john-properties-breaks-ground-on-slc-campus\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/st-john-properties-breaks-ground-on-slc-campus\/\",\"name\":\"St. John Properties Breaks Ground on SLC Campus - 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