Developer plans 210 new apartment units near North Temple Corridor

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A developer has unveiled new plans to build a residential building with 210 apartment units near the North Temple Corridor.

The project would include two new buildings. The first would add 75 one-bedroom and 25 two-bedroom rental units in a new seven-story building at 29 N. 1000 W. in the Poplar Grove neighborhood. The second would include 90 one-bedroom units and 20 two-bedrooms.

The so-called Esplanade Apartments properties are owned by the New York City hedge fund Waterfall Asset Management. Its architect is Di’velpt Design, which is a Building Salt Lake advertiser.

The Esplanade Apartments would continue a trend of buildings in the city’s transit station area zones being only residential. The projects would include two levels of parking, no publicly accessible commercial space and would have private amenity spaces fronting 1000 West and Learned Avenue.

The project has been in the works for at least five years. The site was previously home to single-family homes, which were demolished in preparation of the site. Salt Lake City officials accused the owner of allowing the vacant homes to become dangerous while neglecting the property in 2022.

The parcels are immediately south of the Lusso Apartments, which has faced struggles on its long way to completion amid unpaid bills and is under contract.

They’re also within the North Temple transit corridor, a Redevelopment Agency project area, and an Opportunity Zone, which has made it one of the city’s most rapidly developing areas, with projects continuing to line up even amid a deep freeze in commercial real estate.

According to filings from the developer, the proposed projects meet enough requirements under the city’s existing transit station area zoning to be on a fast-track for development.

If it moves forward through entitlement, the project may be among the last in the TSA zones before the city undertakes a major citywide rewrite of its existing commercial and mixed-use zones.

One of two new buildings proposed for the North Temple Corridor.

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Posted by Taylor Anderson

Taylor Anderson grew up near Chicago and made his way West to study journalism at the University of Montana. He's been a staff writer for the Chicago Tribune, Bend Bulletin and Salt Lake Tribune. A move from Portland, Oregon, to Salt Lake City opened his eyes to the importance of good urban design for building strong neighborhoods. He lives on the border of the Liberty Wells and Ballpark neighborhoods.