Another big apartment start in SLC’s East Downtown – 254-unit Cottonwood Broadway

Cottonwood Residential is currently excavating a key site in East Downtown, preparing to build a 254-unit market-rate rental project spanning an entire city block.

Located in a prime area of Downtown – close to transit, culture, bars and restaurants – Cottonwood Broadway Apartments will occupy largely vacant land long-owned by the federal government.

The 254-unit project includes 30 studios, 149 1-bdrm, and 75 2-bdrm units. The studios average 575 sf and will rent at $1450 ($2.42/sf).

1-bdrm apartments will go for an average of $1700 for 760 sf ($2.23/sf).

Cottonwood Broadway from the NE along 200 South. Image courtesy Cottonwood Residential.

2-bdrm units offer 1100 sf for $2050, for $1.86/sf rent.

Overall, the project is penciled at an overall $2.16/sf rent.

The project will be parked with 245 stalls for 254 units, just under a 1:1 ratio. It does not include any ground-floor retail space.

Posted by Luke Garrott

Luke Garrott, PhD, has published in The Salt Lake Tribune and the Deseret News, and written features for the Salt Lake City Weekly City Guide and The West View. A former two-term councilman in Salt Lake City's District 4, he lives in Downtown Salt Lake City and grew up in the Chicago area.