Scaled-back, for-sale condo townhomes may finally get out of the ground near North Temple

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A non-profit developer has scaled back its ambitions for a condominium townhome development off North Temple, shrinking the number of units and walking back its affordability goals.

Maltair Lanes, taking its name from the bowling alley that used to occupy the site at 1012 West 200 South, is the most recent incarnation of a project that started its journey at the city in 2017 as Euclid Corners. We reported on its approval in May of 2022 for a planned development and design review – and noted its unique method of financing the condo project. 

In the model, Neighborworks Salt Lake (NWSL) will own the land and offer no-cost land-leases to buyers who will enjoy a discount on the price of the units, able to discount the price of the land from construction costs. 

NWSL offers forgivable down payment assistance loans, as well as below-market first- and second mortgages. The non-profit is  a federally-certified Community Development Financing Institution (CDFI), making it a preferred partner of local banks looking to comply with the Community Reinvestment Act. 

Due to expiration of the 2022 approval, code changes, and cost-cutting, according to planners, the project was back at the Planning Commission this month. It received unanimous 6-0 approval for the design review and planned development applications. 

Let’s take a look at some of the changes.

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Sitting on .54 acres on TSA-UN-T zoning, the project bucks the trend of developers maxing out the development potential of their sites – at 25 units per acre, its height reaches just over 32 feet out of the 50 allowed in the zoning.

NWSL’s planned development application also pretty much ignored the points system used to guide development in TSA zoning, scoring only 88 out of the 125 needed to streamline the approval process. 

The project has shrunk from 16 to 13 units (four buildings to two), and the area that originally was designed for private open space has been repurposed as surface parking. 

Originally parking (24 stalls) was placed three-quarters underground, within the building’s footprint.

The new unit mix is six three-bedroom and seven two-bedroom condominiums. 21 surface parking stalls will service the 13 homes, for a 1.6 : 1 parking ratio.

Notably, affordability goals have been peeled back. According to planners, Neighborworks “intends to sell at least 20%, or 3 of the proposed dwelling units to those whose income is 80% or less of the median household income of the city.” 

That’s quite a change from the project’s 2022 claims, which forecasted “units will be offered to families making between 60% and 120% AMI.”

NWSL Executive Director Maria Garciaz told us that there have been no changes in terms of the land trust model, and that “we are currently working with lending institutions to provide a competitive below market mortgage product.” 

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Editor’s note: This post has been updated.

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Posted by Luke Garrott

Luke Garrott, PhD, has published in The Salt Lake Tribune and the Deseret News, and written features for the Salt Lake City Weekly City Guide and The West View. A former two-term councilman in Salt Lake City's District 4, he lives in Downtown Salt Lake City and grew up in the Chicago area.