Changing malls

Published: Saturday, Nov. 4, 2006 5:50 p.m. MST
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City Creek Center: The estimated $1 billion downtown redevelopment by The Church of Jesus Christ of Latter-day Saints will include six acres of green space, pedestrian walkways, retail, restaurants, office and residential space. Target completion date is 2011

Trolley Square: The $80 million project, which includes the price of the acquisition and renovation by ScanlanKemperBard and Blake Hunt Ventures, includes plans to brighten the interior and create a central indoor courtyard in the main building and add walkways, fountains and fireplaces to the exterior. Phased additions include a 50,000-square-foot building for retail and underground parking. Construction on the first phase — the main building — is expected to begin in early 2007.

South Towne Center: Owner Macerich Co. plans a 100,000-square-foot lifestyle center at the existing mall's west end, creating a hybrid indoor/outdoor shopping center. The addition will include about 20 retailers and restaurants positioned around a 20,000-square-foot outdoor plaza. When announced, the project was expected to be completed in late summer 2007, but Macerich now says it continues to work securing tenants, and that process will determine when the project proceeds.

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The Gateway: Work on the second phase of the development continues, with the recent additions on the north end of retailers like Ann Taylor, Old Navy and, in the coming months, Forever 21 and Office Depot. There will be some additional office space available on the second level above those retail stores, according to Jake Boyer, president of The Boyer Co. Also under way at the north end: the 230,000-square-foot Fidelity Investments building. Future plans include development of the north portion with the addition of a hotel, though talks continue with major hoteliers and no agreements have yet been reached, Boyer said. At the other end of the development, Boyer said construction is expected "any day" on the 5 Gateway Office Tower, a 62,000-square-foot building with retail space available on the street level.

Valley Fair Mall: Developer Satterfield Helm announced in May it had secured Costco as an anchor tenant at the redeveloped Valley Fair, which is expected to transform to a lifestyle center. Costco is expected to announce a late-winter groundbreaking for its store.

Fashion Place and Cottonwood malls: Both are owned by General Growth Properties, which said it had no immediate announcements to make regarding either mall but that it continues to evaluate both properties.

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