In November 2015, the RDA released vision renderings of proposed streetscape improvements to the Central Ninth corridor. According to Walz, the RDA is currently working through some conditions that its Board of Directors put on the funding to construct these improvements, including collaborating with Rocky Mountain Power on a refined cost estimate to underground the overhead power lines in the neighborhood.
In September 2015, the Salt Lake City Planning Commission approved a height variance to allow for the construction of the proposed 330-foot tall Regent Street Hotel to be developed by Form Development. The 20-story development will have will consist of a boutique hotel and residential condos.
The RDA has identified the hotel as an important part of the efforts to revitalize Regent Street along with street improvements and the opening of the new Eccles Theater. The former location of the now demolished Eat-A-Burger, the site has most recently been used as the staging ground for Regent Street construction activities. Keith Smith of Form Development indicates that they are in deep discussions with a partner and they are hoping for a 2018 construction start for this project with a two-year construction timeline.
A rendering of the Regent Street Hotel project. Courtesy Form Development.
There still isn’t much to see yet, but change is on the way to the two blocks between the Rio Grande Depot and the Intermodal Hub. The project area consists of five parcels between 500 and 600 West and 200 and 400 South.
The RDA announced the development partners for Parcels 1 and 2 in June of 2015, and although no development has yet occurred on those two parcels both development are moving forward.
Boyer Company and Cowboy Partners will collaborate to develop Parcel 1, a large vacant lot at the northeast corner of the 600 West and 300 South intersections.
According to Walz, the Option to Purchase Agreement between the RDA and Boyer/Cowboy for Parcel 1 is still valid and active. The next steps for Parcel 1 will be influenced by a number of factors, including the neighborhood’s evolutionary needs and the city following through on needed infrastructure improvements.
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