Builder sees big market
Developer of $200 million Pl. Grove project says shoppers' needs unmet
Combined, the projects, called Sundance Commons and The Terrace at Traverse Mountain, will bring 2.5 million square feet of new retail and business space to north Utah County by 2010. And that begs the question: Is there enough business in the north part of Utah Valley to support both developments?
Westwood Development Group, the firm building 105-acre Sundance Commons in Pleasant Grove, is confident it can.
"Right now there is enough," Westwood CEO Mike Bowen said. "We have an unserved market right now, without any growth. You can support a high-quality project with zero growth, so any growth you get is just bonus."
Bowen said the needs of all shoppers in the area are not being met.
"If you're living here and you want to go shopping, you're driving a long way," he said. "The typical rule of thumb for a larger project is 15-20 minutes (driving time). I would be willing to bet the vast majority of the population here regularly drives more than 15 minutes to go shopping."
But having to build without any population growth is not likely a challenge Bowen's firm will face. According to the Utah Governor's Office of Planning and Budget, Utah County's population is projected to grow 1.6 percent from 2005 to 2010, from 454,000 to 527,000.
Median household incomes for cities in north Utah County are also well above the national median of $46,000, ranging from $52,000 in American Fork and Pleasant Grove to $80,000 in Highland.
Then add in plans for the Mountain View Corridor, which, if built to plans, would join I-15 at the new Pleasant Grove interchange right where Sundance Commons is to be built.
The corridor would be a direct funnel to the shopping center from such cities as Saratoga Springs and Eagle Mountain, two of Utah's fastest-growing communities.
Even though his project is in a strong location, Bowen acknowledges it isn't on easy street. Bowen said he expects tough competition from The Terrace and its developers, Forest City Development, particularly given the strength the project will have with Cabela's as its anchor store.
"(The Terrace) is very similar," he said. "Retailers are what are going to differentiate. They are going to decide where they want to go and where they don't want to go."
Bowen has built a shopping center around a Cabela's in Omaha, Neb., and said that while Cabela's attracts a large number of people, it can make it difficult to bring certain types of stores particularly fashion retailers into such a development.
Comments
- HBO defends U. logo use in 'Love' 3:06 p.m.
- Hill Cumorah Pageant 3:04 p.m.
- 2 Tooele police officers fired 2:52 p.m.
- Baseball teams fear 'haunted' hotel 2:51 p.m.
- Stocks falter 2:50 p.m.
- LDS seminary principal arrested 2:50 p.m.
- Blazers draft pick Mills breaks foot 2:47 p.m.
- Sentencing for con man moved 2:33 p.m.
- Obama and pope hold first meeting 2:33 p.m.
- Priestley and wife welcome baby 2:30 p.m.
- Jazz talking Boozer trade?
- LDS seminary principal arrested
- Stadium of Fire flag burning was fake
- Reactions on Boozer speculation
- Jazz in back of line for free agents
- A primer for the 6th Potter film
- Okur signs two-year extension
- Jazz won't meet Lopez on Europe trip
- Restaurant destroyed by fire
- Mall owner seeks to retain zoning
- Bronco collecting a galaxy of recruits
141 - Letters: Palin mistreated
140 - Teachers struggle with district cuts
137 - Jazz talking Boozer trade?
132 - Blazers may offer Millsap a contract
123 - Stadium of Fire flag burning was fake
87 - Moon landing: Let's hear from you
82 - Fairness of BCS debated
81 - Chaffetz eyes challenging Bennett
74 - Letters: Single-payer system best
71
As more and more dads are put out of work in this economy, I've been...
The photographs are mysterious, brooding, dark. They show dimples and...
I find it interesting how our culture has a total disregard for "innocent...
I agree with "where is his family?", someone within his circle of...
The only real chance the GOP has in putting a man in the White House anytime...
Utah's crowded classrooms are breeding grounds for all kinds of diseases. ...
The biggest myth of them all has to be that all native Americans are direct...
In Utah, Seminary teachers go to school and choose it for a career. They are...
Thomas will be a restricted free agent after next year so his contract would...
amen!! there needs to come a time where all this bickering stops.. how long...
When this government will kill a Father for refusing to send his kids to...
Did Bush cut her a deal to?. You know that I voted for Sarah Palin in 2008...



You can be the first to comment on this story.