From Deseret News archives:

Downtown rents are headed up

Published: Thursday, March 27, 2008 12:29 a.m. MDT
 |  E-MAIL | PRINT | FONT + - 
Downtown "is first and foremost an employment center for the state," said Wood.

The Salt Lake Chamber has envisioned different districts for the city, such as a hotel district and The Gateway District. Blocks 69 and 70 — West Temple to State Street and 100 South to 200 South — are the proposed Arts and Cultural District and the subject of a recent study by architect Prescott Muir.

"The basic premise (of the study) is growing jobs, growing the tax base," Muir said.

There is $600 million to $700 million in potential development in the two blocks, he said.

The study recommends building a hotel near the Salt Palace and a 2,400-seat performing arts theater, as well as renovating the Utah Theater and adjacent space for a film center, refurbishing the Regent Street parking garage and creating housing on Regent Street and in the Salt Lake Tribune building, vacated when the newspaper moved to The Gateway.

Story continues below
The 20-acre City Creek Center development will feature a glass roof with an ability to retract to let in the sunshine over retail sections, Gibbons said Wednesday. The namesake stream, City Creek, will wind through the development and splash down in man-made waterfalls. A sky bridge over Main Street will connect the two blocks of the development.

City Creek Center will contain 700 units of housing, some of which are currently under construction. The first residential tower will be finished in 2010. The entire development is expected to be completed in 2012.

Below-ground parking structures will be tall enough for a Ford Expedition with a ski rack on top, Gibbons said.

On the Web

A virtual tour of City Creek Center — the LDS Church's retail, office and residential development where the Crossroads Mall and ZCMI Center once stood — can be viewed on the Web.

To travel through conceptual images of the completed project, including the controversial skybridge over Main Street, go to: www.downtownrising.com/city_creek/index.php


E-mail: lhancock@desnews.com

Recent comments

So Bruce Bingham admits that the $32-$35/square foot rates for the...

Agree with Why | March 28, 2008 at 8:02 a.m.

Why do we have a mortgage crisis? One reason is that you have to...

BH | March 27, 2008 at 11:07 p.m.

I pay 1,035/month for a 1 bdrm 1 bthrm apartment in a nice...

IN the East Bay Area | March 27, 2008 at 7:27 p.m.

Image
Courtesy LDS Church

The costs of City Creek retail and residential space have not been announced yet.

previousnext

Latest comments

Red Shirt, Your response at 12:15 p.m. is exactly why we should be scared to...

Kurt Bestor: Joy for the world

Yes, let's google Kurt Bestor and get totally accurate information on his...

What Anderson did was wrong. Yes, he lied, and should be held accountable....

I hope they go against the Mormons and Seventh Day Adventists now too.

I wonder if our beloved Pres. Obama will tell the Iranian students (as he...

This is hard to understand, that JW's are hard working, tax paying, community...

Obama urges major new stimulus

Sorry to say this BUT guess what?. We were BORN into this world,...

To "thanks redshirt | 12:31 p.m. " what conspiricay have I touted?

Abortion can legally only be performed by a physician. To seek the assistance...

TCU versus BSU unpopular

BCS - how do we deal with these BCS buster teams? Just let them play each...

Advertisements