At the beginning of this week, many experts were cautiously optimistic that the Federal Reserve would lower interest rates by a half percent by the end of the year. But after Wednesday’s meeting, when the Fed’s governing board voted 9-2 to keep rates steady while the...
Despite positive absorption and dipping vacancy rates, there’s still an eerie quiet among office developers in the Salt Lake City region. Not so long ago, three developers Downtown had luxury office towers in their site plans. Two of those projects are dead, while the...
The owners of a five-parcel, .78-acre assemblage that fronts the 400 South transit corridor at 800 East has applied for an upzone for three of their parcels that will allow development of a four-story, 84-unit building in the East Central neighborhood. At 370 S 800 E,...
A ribbon-cutting last week in South Salt Lake opened an ambitious 180-unit market-rate project after 30 months of construction. One Burton, named after its street address, fronts both Main Street and Burton Avenue (2360 S), while also sitting adjacent to I-80. ...
Over the last 12 months a well-known general contractor along the Wasatch Front has been experiencing a bevy of lawsuits from subcontractors who are claiming they haven’t been paid for work completed. Rimrock Construction, a Draper-based firm enjoying its third decade...
In an effort to open up its frontage on 700 East on the block south of the mall, the owner of Trolley Square is asking the Historic Landmarks Commission (HLC) for permission to deconstruct a house and rebuild it on the same block. Both Trolley Square and the block to...
It’s been busy on the Salt Lake City Planning Commission since the advent of COVID, with more issues to address than developers needing design approvals for projects. Just the number of major zoning changes brought by the Mayor’s pro-housing agenda has kept the...
After a multi-year process with the public and city-hall decision-makers, it looks like Salt Lake City’s dysfunctional missing-middle zones, RMF-35 and -45, are set for a major refresh. At its mid-May meeting the Planning Commission voted unanimously, 5-0, to forward...
Data is out for Q1 2025 market performance across multiple product classes, including retail and multi-family. Not surprisingly, along the Wasatch Front, asking rents in residential multi-family projects have declined for a full year, as absorption struggles to catch...
The shift to remote and hybrid work in many industries, aided by technological advances in video conferencing, has created seismic repositioning of traditional office space as an asset class. With frequent stories of office-building fire-sales at prices well under...
The proverbial “canaries in the coal mine” for the construction industry, architects nationwide are reporting March as a third straight month of 2025 in the red. That’s part of a worrying trend of 27 out of 30 months since October 2022 of architectural firms...
At the foot of the North Temple bridge at 600 West, where Downtown transitions to the west side, investors are planning a four-story, 95-unit, all-studio building that is seeking design review approval from the Planning Commission. The proposed Indie Station...