From Deseret News archives:
2 new stores coming soon to Gateway
Old Navy and Office Depot will be the main tenants of the building, located at the north end of The Gateway on Rio Grande Street, Jake Boyer of The Boyer Co. said Tuesday. Roughly 22,000 square feet of office space will sit atop the new retail stores, with a two-level underground parking garage below.
Chico's, which sells women's apparel and is already located in The Gateway, will relocate to the new building. Boyer said The Gateway has signed a lease agreement with fashion shoe retailer Aldo, which is expected to move into Chico's existing location.
In addition, women's apparel chain Ann Taylor is just finishing construction of its new store and should open sometime this summer.
The new retail space will sit adjacent to an eight-story office tower, encompassing 230,000 square feet of space that will be leased by Fidelity Investments. That building will be completed in mid-2007 and will be located just east of where Old Navy and Office Depot will be located.
The Gateway, which opened in November 2001, now has more than 100 retail stores, 150 condominium units and 332 apartment units. Boyer said the company is in negotiations over a seven-acre parcel of property to the west that would be the site of an additional 150 apartments.
In contrast, little is known of the timing or plans of The Church of Jesus Christ of Latter-day Saints for the redevelopment of its Crossroads Plaza and ZCMI Center malls, which sit largely empty in downtown Salt Lake City.
The church announced nearly three years ago that it would spend "hundreds of millions of dollars" on the construction and redevelopment of Salt Lake's two Main Street malls.
Still, Alison McFarlane, senior adviser for economic development to Salt Lake Mayor Rocky Anderson, said Main Street and The Gateway both will play major roles as regional shopping destinations for visitors.
"Downtown is all of downtown — Gateway and Main Street," McFarlane said. "There is no shortage for retail out there that can come to a city. I think we can have good retail on Main Street, and we can also have good retail at The Gateway."
E-mail: danderton@desnews.com
