After years of blight and disuse, a vacant parcel near two of Ogden’s busiest streets has another shot at being developed.
Alturas Capital Partners, a real estate investment group based near Boise, Idaho, announced Wednesday it purchased a 14.36-acre parcel of land at the northeast corner of the 12th Street and Wall Avenue intersection, according to a news release from the company.
The investment group said it plans to develop the site into a “neighborhood-oriented retail and mixed-use center,” which will include a number of new shopping options. The news release didn’t include further details on what the redevelopment could look like.
“Alturas is excited to add another asset in the Salt Lake City market and looks forward to completing the development of this project,” Joshua Utke, Alturas’ Director of Acquisitions, said in the news release. “We look forward to working with our partners, the City of Ogden, and future tenants to create a destination that delivers lasting value to the Ogden community.”
The company said the purchase aligns with their investment strategy and focus on the region. Citing the local population growth and a diverse economy, Alturas said in the news release that it picked the location based on its “infill location, visibility, accessibility, and suitability for a variety of uses.”
Ogdenites know the parcel as the old Fred Meyer department store location, which totaled around 150,000 square feet and was shuttered in the early 2000s. Following its closure, the site sat vacant for over a decade and fell into disrepair until it was demolished in late 2016, according to the Standard-Examiner.
The site — which now consists of old concrete and a slab of weeds and grass — has long been eyed for redevelopment, but projects slated for the site have come and gone. Its demolition was spurred by the prospect of building a hospital on the site, but the project never materialized.
The parcel is currently flanked by Home Depot to the north, a Del Taco to the west and a gas station to the southwest. A Wells Fargo location and several food options are to the south, all located along 12th Street.
If built, the old Fred Meyer site would be the latest addition to the area. A number of new retail spots have popped up along Wall Avenue in recent years to the southwest of the Fred Meyer site, including a Potbelly Sandwich Shop, Swig, Einstein Bros. Bagels and others.
The 12th Street corridor has also seen a handful of multifamily housing complexes built in recent years, including the Hunter’s Landing buildings and Chloe’s Point, to name a few.
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