Orem Approves Mixed-Use Plan for University Mall; State Weighs Relocating Utah State Prison in Draper

As Utah has seen its profile as a tech market become more and more of a draw, local authorities are trying to make sure that they facilitate the creation of the proper environment to make more growth possible. Now, as the state’s job market is one of the healthiest in the entire country, and Salt Lake City, the largest city in Utah, is set to have one of the best office markets in 2014, policies are being drawn up to attract further interest to the area’s tech market. However, a major hurdle is in the way of one of the most important development areas for SLC’s tech market, the Standard-Examiner writes.

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