New Ballpark project would offer 100% family-sized, affordable units
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Citing an “urgent” need for apartments that are both affordable and also large enough for families, a developer that specializes in low-income housing has released details for new project in the Ballpark neighborhood.
Cowboy Partners, which has been assembling tax credits to help subsidize its project at 1265 S. 300 W., is proposing a seven-story, 200-unit apartment building on a key corner of a redeveloping part of the neighborhood.
Liberty Corner would include rents that are affordable to people making between 25 percent of the area median income (or an annual salary of $26,500 for a family of four) and 80 percent ($84,800 for a family of four).
Across all units, the average apartment would be affordable for those making less than 60 percent of the median income.
“The need for Liberty Corner’s large family units across the income spectrum is both crucial and urgent,” Cowboy Partners wrote in its design review application. “Critical in terms of its importance and impact as part of a reasoned response to Salt Lake City’s housing crisis, and urgent in terms of the need for affordable housing for families.”
All renderings by MVE + Partners and Cowboy Partners.
The project is unique in that it’s a new-build that offers exclusively family-sized units.
Eighty of the homes within the project would provide three bedrooms and two bathrooms. Twenty-four of the units would offer four bedrooms and three bathrooms, according to the application. The units would average 1,080 square feet.
To reiterate the project’s offer for the city, Cowboy has proposed including a 4,878-square-foot daycare facility and a 5,574-square-foot playground as part of the project. At a time when it can take upwards of a year for families to get into a daycare, the facility will be a welcome site in the capital city.
Project Breakdown
- Two Bed, Two Bath: 66
- Two Bed, Two Bath plus Den: 30
- Three Bed, Two Bath: 80
- Four Bed, Three Bath: 24
Total: 200 units
Cowboy sought funding from the city and state to make the $100 million project work. It will repay a $42.1 million bond to the state after building the project.
The project, which is within a quarter-mile of a high-frequency transit station, would include 272 parking stalls.
“As Liberty Corner is a family-oriented community, an outdoor water amenity is planned, along with generous outdoor open space, programming and equipment, including a tot-lot, delivering the experience of a ‘backyard’ within an urban residential apartment community,” the developers wrote.
Development Details
- Owner: Cowboy Partners
- Architect: MVE + Partners
- Civil Engineering: McNeil Engineering
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