From Deseret News archives:

Upscale Salt Lake mall to offer stores new to the area

Project expected to be most upscale in region

Published: Thursday, Jan. 27, 2005 12:20 p.m. MST
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Bishop Burton also said the church will likely move all existing tenants, including KSL-TV and KSL Radio, out of Triad in the future. Those moves will make way for Brigham Young University/Salt Lake and LDS Business College to hold classes there.

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.

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Will cater to 25- to 40-year-old shoppers.

Will be completed well ahead of the typical 7-year schedule for similar projects.


E-mail: bsnyder@desnews.com

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