Strategic Capital Group, Miller Development Break Ground on Fireclay Village TOD
- Oct 31, 2011
One of the largest developments ever to be built in Murray City has broken ground. The 26-acre, $80 million transit-oriented development is a joint venture between Strategic Capital Group and Miller Development Co. Located at 4400 South and 100 West, the mixed-use Fireclay Village will include 400 apartments, 268 income-restricted units and retail, restaurant and office space. The project will be built in three phases over the next five years and will ultimately bring 1 million square feet of apartments and 94,000 square feet of retail and office space to Murray City.
Local authorities are showing increased support for transit-oriented developments. The Fireclay Village project has received grants from the Murray Redevelopment Agency, and Andrew Gruber, executive director of the Wasatch Front Regional Council, has spoken highly of such projects. He lauded the imminence and necessity of more TODs as traffic congestion, pollution and fewer open spaces dominate the urban scene. He also reported that the population along the Wasatch Front is expected to increase by 65 percent, or roughly 1.4 million people, in the next 30 years. TODs encourage people to drive less and walk or bike more, thereby improving quality of life.
Miller Development is a Salt Lake City-based company that since 1986 has developed more than 1,664 multi-family units; it has a portfolio valued at $150 million. The company has developed projects such as the E Gate community in West Valley, Farm Gate at Midas Creek and Timbergate in Herriman.