After several years of setbacks, Anderson Development’s plans for the former Geneva Steel plant in Vineyard are beginning to gel. Retailers and developers are making new commitments to the 1,750-acre master-planned development, newly branded @Geneva.
Anderson Development’s vision encompasses 11 million square feet at full build-out, including up to 3.5 million square feet of office space, 2 million square feet of retail, and 5 million square feet of industrial facilities, ksl.com reports. The residential component allows up to 7,500 residential units accommodating as many as 26,000 residents. A new intermodal hub will offer regional access.
Recently announced components include Larry H. Miller Group’s plans for a multiplex that would comprise an IMAX theater and 13 additional digital screens. Completion is scheduled for late 2014. Day’s Market has signed on to locate a store at @Geneva, and Utah Valley University has added a 125-acre option to the 100 acres it had previously slated for classrooms and athletic fields.
Anderson Development revamped its approach for the Geneva Steel site after a proposal to build the Real Salt Lake stadium fell through. Gerald Anderson of Anderson Development describes the parcel as the nation’s biggest privately held brownfield site, according to the Daily Herald.