MURRAY — The skyline of the central Salt Lake Valley along the 1-15 corridor will change in the near future as the redevelopment and expansion of a new corporate campus gets underway.
Security National Financial Corp. broke ground Friday on nearly 20 acres of land near 5300 South. The estimated $300 million project will include the development of nearly 1 million square feet of commercial space, with a six-building campus ranging from four to 12 stories, along with three parking structures with more than 4,000 stalls.
Demolition of existing structures is nearly complete, and construction on the first new building scheduled to begin soon. Planned completion of the project is scheduled for spring 2017.
The remainder of the campus will be developed as warranted, based upon preleasing agreements generated and the level of activity in the market, explained Alan Rindlisbacher, director of corporate marketing for Layton Construction.
When completed, the overall design will provide workspace for up to 5,000 employees from tenants who will occupy the space, including the corporate headquarters of Security National Financial Corp. Amenities will include rooftop terraces and outdoor plazas.
In an effort to limit urban sprawl and excessive infrastructure development, the center is positioned to leverage multiple transportation modes, including TRAX, FrontRunner, bus rapid transit and highways.