The Orem City Council has approved Woodbury Corp.’s request to rezone University Mall to permit mixed-use development. KSL.com noted that 67 the 112 acres that comprise the site are used for surface parking.
To the 1.8 million-square-foot regional mall, Woodbury plans to add four office buildings, condominiums, apartments, townhomes, a hotel, seniors housing and a sports club. During the first phase, Woodbury plans an office building at University Parkway and State Street and apartments at 800 East. Also scheduled are extensive renovations University Mall itself.
As Salt Lake City’s office market stands poised for another outstanding year, policymakers are grappling with a perceived obstacle to growth. The Utah State Prison in Draper stands on a parcel that economic development officials believe could attract technology firms following in the footsteps of eBay, Adobe, DM Flash, Mircosoft, Oracle and others.
Eager to keep the trend going, the state is debating the pros and cons of a highly unusual move: relocating the prison and its 4,000 inmates, the Standard-Examiner reports.
Image courtesy of The Woodbury Corporation:woodburycorp.com