From Deseret News archives:
Upscale Salt Lake mall to offer stores new to the area
Project expected to be most upscale in region
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Bishop Burton announced Tuesday that the mall redevelopment will likely include 900 housing units a significant increase from previous plans.
"Urban sprawl plays a part," he said Wednesday. "People are getting tired of commuting into the valley."
Bruce Heckman, vice president of development for Taubman Co., said a normal company project takes seven to eight years to complete.
"We're certainly going to beat that (time frame) here," he said. "We're going to be way ahead of that."
Bishop Burton said once plans are finalized and retail contracts in place, construction should take about three years.
Taubman, a publicly traded company, is one of the premier retail developers in the nation. In 2003 Taubman malls reached sales of $468 per square foot, a record for the company that has led the industry in sales per square foot for decades.
Development plans
Condominium complex to overlook Temple Square.
Half of the retailers will be new to Salt Lake City.
Will be completed well ahead of the typical 7-year schedule for similar projects.
E-mail: bsnyder@desnews.com
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