Cache
Cache, UT · Real Estate
hoodline.com
West Side Towing Lot Makes Way For 169-Unit Affordable Tower Near Folsom Trail
A 24-hour towing yard on Salt Lake City's West Side is on track to become a six-story building with 169 income-restricted apartments, as the developer behind the project known as The Gregory has filed for a demolition permit to clear the site at 738 W. South Temple. The 0.97-acre parcel currently houses Cartow Towing, legally registered as Sons of a Gunn, which has operated fleet facilities in Utah since 1980.
buildingsaltlake.com
Affordable housing project in Fairpark, Poplar Grove seeks demolition permit
Another affordable housing development in Salt Lake City is seeking a demolition permit and moving closer toward building. Last Wednesday, developers filed for a demolition permit for The Gregory, which will be a six-story affordable apartment building located at 738 W. South Temple. The project is being developed by Great Lakes Capital, a development company based in Indiana.
utahbusiness.com
MCA Realty aquires three industrial buildings totaling 77,944 square feet in Salt Lake City, Utah in off-market transaction
SALT LAKE CITY — MCA Realty, Inc. a full-service real estate investment company based in Orange County, California, announces the acquisition of three multi-tenant industrial buildings totaling 77,944 square feet located at 515, 537 and 539 Pickett Circle in Salt Lake City, Utah. The firm acquired the buildings in an off-market transaction from a private investor.
buildingsaltlake.com
North Temple affordable project getting ready to build its second phase
Despite signs that new LIHTC housing in Salt Lake City is taking longer than expected to lease up, a project on W. North Temple, site of most of the city’s affordable housing development, is doubling down. Along the TRAX Green line to the airport, at 1881 W. North Temple,...
Invisible People
Inside Cicero Institute’s First Homeless Policy Summit: A Meeting to Undermine Affordable Housing
Federal Officials Lay Out a Plan to Roll Back Housing First This story is based on leaked audio recordings and transcripts from multiple sessions of the Cicero Institute’s first annual Homeless Policy Summit, along with notes taken by attendees who … Continue reading →
connectcre.com
Lincoln, ACORE Converting Historic SLC Foundry
Lincoln Property Company and ACORE CAPITAL launched Foundry43, the new identity for the former Industry SLC historic structure. The property was created through the adaptive reuse of a distinctive industrial landmark in Salt Lake City. (photo courtesy Salt Lake Tribune) ACORE enlisted Lincoln to help stabilize and reposition this mixed-use...
wheninyourstate.com
Utah housing plan faces pushback as petition gains 2,000 signatures
Park City is facing a fight over a roughly five-acre parcel. About 2,000 people signed a petition asking officials to rethink the plans. The land sits near Kearns Boulevard and Bonanza Drive. A closed gas station occupies part of the property. The dispute goes beyond one proposal. Residents are debating...
KUTV
UDOT tries to give homeowners as much notice as possible before acquiring property
WEST VALLEY CITY, Utah (KUTV) — A West Valley City man, who wished to remain anonymous, has lived in his home on 3690 West for roughly 50 years. Three years ago, he found out he may have to move to make way for an expanding Bangerter Highway. This year,...
Yahoo!
Utah Needs More Housing. The Army Corps Shut Down 265 New Homes Because of a Small Ditch.
Utah will need to build 840,000 new homes by 2055 to meet demand, but federal regulators halted a 265-home subdivision near Willard, Utah, due to Clean Water Act violations. Like many states, Utah has a housing shortage. According to the governor's office, Utah will need to build 840,000 new homes by 2055 to keep up with demand. The recent plights of two developers at the hands of the federal government show just how hard it will be to reach that goal.
informedinfrastructure.com
HydroBlok Advances Simplified Wall Construction with New Direct-to-Stud Capability
DRAPER, Utah — HydroBlok, a manufacturer of lightweight, waterproof construction systems, today announced that its HB One Backer CI panel has passed testing for direct-to-stud installation in non-shear wall applications — a breakthrough that removes another costly layer from the traditional wall assembly — while delivering built-in continuous insulation (CI).
ksl.com
University of Utah welcoming students to new $155M, 1,447-bed residence hall this semester
SALT LAKE CITY — University of Utah President Taylor Randall's quest to create "college town magic" largely hinges on the university moving away from what has traditionally been a commuter school, with most students opting to live off-campus. To that end, the U. this year will welcome students to...
kslnewsradio.com
Developer earns tax credits after preserving 64-year-old building in new housing project
SALT LAKE CITY — A new mixed-use housing development east of downtown Salt Lake City has now received tax credits for preserving a historic building within its design. Woodbury Corporation officially received both federal and state tax credits for preserving the historic IBM Building near 348 S. Temple in Central City, Utah State Historic Preservation Office officials noted on Thursday.
ksl.com
Developer earns tax credits after preserving 64-year-old building in new housing project
SALT LAKE CITY — A new mixed-use housing development east of downtown Salt Lake City has now received tax credits for preserving a historic building within its design. Woodbury Corporation officially received both federal and state tax credits for preserving the historic IBM Building near 348 S. Temple in Central City, Utah State Historic Preservation Office officials noted on Thursday.
buildingsaltlake.com
Labor costs have gotten better, but multifamily developers still face headwinds in Utah
To build or not to build — that is the question. As Salt Lake City’s multifamily market continues to see essentially flat rent growth and concessions to renters that will likely continue into the coming months, developers face the tough call of deciding whether now’s the time to break ground.
Axios Salt Lake City
Salt Lake City property taxes are going up
The Salt Lake City Council approved the city's 9.16% property tax hike this week, meaning property owners will see an uptick in their bills this fall. The big picture: Despite community concerns about inflation, Salt Lake City leaders say the increase is necessary to offset the rising cost of basic services . By the numbers: Homes valued at $700,000 are estimated to see an annual increase of about $100, or about $8 a month. Commercial properties valued at the same price will see $182 annual jump. Overall, the hike is expected to generate $13.5 million for the city. It would go toward hiring more firefighters, maintaining public lands, funding capital improvement projects and more. What's next: The increase will be reflected on property tax bills in November.
buildingsaltlake.com
Sugar House 16-story tower plan hits snag before SLC Planning Commission
The Salt Lake City Planning Commission voted to allow a Zions Bank drive-thru on the first floor of a proposed 16-story tower, but it wasn’t so quick to allow developers pitching the tower to reach 185 feet of height without first meeting open space requirements. The GEM tower, located...