Sugar House Awaits $400M Revival on Streetcar Route
- May 30, 2012
The Sugar House district is among the sections of Salt Lake City that has been affected most severely by the economic downturn. But thanks to the recent resurgence of investment in development, Sugar House could be on the verge of getting a new lease on life.
A report from the Salt Lake City Redevelopment Agency estimates that $400 million in private investment encompassing up to 2 million square feet is in the pipeline. The greenway surrounding the streetcar alignment will add nearly 6 acres of public green space.
Among projects in the works:
• Sugar House Center West – 250 residential units; 95,000 square feet of retail space; 80,000 square feet of office space. Cost: $85 million.
• Sugar House Center East – 100 residential units; 150,000 SF of retail; 150,000 SF of office space. Cost: $85 million.
• Sugar House Loop – a $53 million, 263,000-square foot development including 211 residential units and 56,000 square feet of retail space
• Granite Furniture – 20,000 square feet of retail and 30,000 SF of office space. Cost: $50 million.
• Wilmington I North – 112 residential units; 50,000 square feet of retail; 30,000 square feet of office space. Cost: $35 million.
• Wilmington I South – 100 residential units and 10,000 square feet of retail space. Cost: $35 million.
• Westminster – a $28 million development comprised of 44 student housing units, 8,500 square feet of retail and 15,000 square feet of office space.
• Cowboy Partners – 171 residential units, 1,200 square feet of retail totaling 135,200 square feet valued at $23 million.
• Sugar House Apartments – 70 residential units totaling 70,000 square feet of space. Cost: $11 million.
Photo courtesy of user JonMoore via Wikipedia
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