Three historic properties along 100 South in Salt Lake City hit the market this week — two are being pitched as ripe for redevelopment, while the third is seeking restoration of a single family home.
The properties — located at 63. S. 400 East, 411 E. 100 South and 419 E. 100 South in the Central City neighborhood — each carry seven-figure price tags, and all were listed earlier this week. All the properties are zoned as MU-8, which carries a maximum height of 75 feet by right and up to 90 feet though a design review.
Two properties are being marketed as aging buildings that would be redevelopment opportunities. Online listings indicate those properties, the old Chateau Normandie site at 63. S 400 East and the Weir Mansion at 419 E. 100 South, could each house multifamily developments.
Chateau Normandie is described in its listing as a “premier land play,” following a fire last year. Photos in the listing show fire damage to the northern section of the building’s roof. The building consists of four floors and 32 units on a .39-acre parcel. The property is listed at just under $6.5 million.
Two doors down, you’ll find the Weir Mansion. Also being billed as a future multifamily site, the home sits on a .17-acre parcel. Its listing says, “This is a rare acquisition opportunity to replace an aging Victorian structure with a high-density, 70-unit residential masterpiece in the heart of Salt Lake City’s most desirable corridor.” The Weir is listed at just under $5.5 million.
Between the Normandie and the Weir is the Henry Dinwoodey Mansion (also spelled Dinwoody) — a four-bed, four-bath home that totals nearly 6,000 square feet. The Dinwoodey was built in 1890 and designed by Richard K. A. Kletting, the same man who designed the Utah State Capitol.
The home is a combination of Queen Anne and Romanesque Revival styles, but it needs plenty of love — the listing shows bare floors, exposed walls and a crumbling bathroom. The Dinwoodey is being sold as-is, but still features unique elements like a two-story stained glass window and original woodworking. The Dinwoodey is listed for just under $2.3 million.
“It is the perfect canvas for an investor or preservationist with the vision to restore it to its 19th-century glory,” the listing says. “Don’t let this history disappear. This is a one-of-a-kind chance to restore a landmark and leave your mark on Salt Lake City.”
The Dinwoodey Mansion, left, and the Weir Mansion. Photo by Jacob Barlow.
The Dinwoodey and Weir mansions are both owned by a company named Sequoia Springs LLC, a company that is not listed in Utah’s business entity search. Chateau Normandie is owned by Owl’s Nest, LLC, which is also not listed in the state’s business entity search.
All three properties have the same listing agent. When reached Thursday, listing agent Jairo Gomez with Ascent Real Estate Group, declined to comment.
Historical Value
The Dinwoodey carries with it not only a listing on the National Register of Historic Places, but also a local landmark designation. That designation is likely a factor as to why it’s marketed as a restoration project rather than a property awaiting demolition.
As a local landmark, the designation carries with it a number of regulations that an owner must meet in order to get the permits needed for any work on the building. For example, any exterior work on a local landmark — aside from paint color and minor maintenance — requires city approval before a permit can be issued. Any substantial alterations or demolition to a local landmark must be approved by the city’s Historic Landmark Commission, according to city code.
“With the Dinwoodey being a local landmark, that does protect it from demolition,” Brandy Strand, executive director of Preservation Utah, told Building Salt Lake. “The Chateau Normandie and the Weir Mansion do not have those protections. So without that, there’s no guarantee that those buildings will remain in our community.”
Strand said that while both the Normandie and Weir buildings have rich histories in Salt Lake City, neither have existing protections like the Dinwoodey.
If the three plots were combined, the land would total .72 acres and would likely make for an enticing prospect for developers looking to build a multifamily project. At the current listing prices, all three plots combined would cost around $14.3 million in total.
0 Comments