Downtown

Checking in on the office market: A passing storm or the new normal?

Checking in on the office market: A passing storm or the new normal?

As the woes of the office market continue to populate CRE headlines nationwide, cut-rate building sales and 25% availability rates are raising fewer eyebrows these days. When we last reported on the Salt Lake City metro market’s performance a year ago, vacancy rates...

Hines buys apartment building in suburban Chicago for record $148M

Hines buys apartment building in suburban Chicago for record $148M

An affiliate of the Texas-based developer who received a free piece of prime land in the heart of Downtown Salt Lake City for a stalled apartment tower issued a record check for an apartment building in a suburb north of Chicago last week. A Hines affiliate paid $148...

HOA looks to block new 12-story development in Central City

HOA looks to block new 12-story development in Central City

The HOA for a pair of condo buildings in Downtown Salt Lake City is objecting to a recent Planning Commission vote to give a developer another year to begin construction of a planned mid-rise mass timber building. Owners in the Sampson Altadena condo buildings want...

Broadway hotel proposal for upzone gets rejected by Planning Commission

Broadway hotel proposal for upzone gets rejected by Planning Commission

A project to transform a 40-year hole in the urban fabric along East 300 South fell short of approval at the Planning Commission this month, one of several recent applications seeking to upzone property to D-1, the city’s most intense category. At 256 E 300 S, owners...

Owners of Snowbird look to rezone Downtown property for new high-rise

Owners of Snowbird look to rezone Downtown property for new high-rise

A Salt Lake City-based private equity firm submitted plans on Monday to rezone its 2.19 acres of land near Downtown, with high-level plans to replace an office building and surface parking lot with a new skyline-altering high-rise and hundreds of residential...