We are pleased to share exciting news about a major development in Salt Lake City – the new Power District! This project represents a significant step forward in the city’s economic and social growth, providing numerous opportunities for residents and businesses alike.
Introducing The Power District
The Power District is set to become a vibrant hub of innovation and community, with building starting as early as 2024. This development will feature infrastructure designed to enhance the quality of life for Salt Lake City's residents and Salt Lake City visitors.
Key Highlights of The Power District:
- Economic Growth: The Power District will create jobs and attract businesses, fostering economic growth in the area. Its central location between downtown and the airport makes it a choice place to visit.
- Community Engagement: The development focuses on community, with spaces designed for public use and engagement. The Power District will also celebrate Salt Lake City culture by featuring local businesses and restaurants and create year round programming.
- Celebrating the Jordan River: For the first time in Utah history, this development along the Jordan River will beautify this natural asset and invite families and businesses to enjoy it.
- Major League Opportunity: Utah has been identified as an ideal location for a new Major League Ballpark, which would take up residence in the Power District.
Learn more about the exciting initiatives and opportunities in the area by visiting The Power District.
Opportunities Beyond The Power District
The creation of the Power District brings with it new opportunities for development in the surrounding areas. We are excited to present a property located just a few blocks away, situated in an "Opportunity Zone" with Transit Station Area (TSA UN) high-density zoning. This property is uniquely positioned to benefit from the growth spurred by the Power District and offers immense potential for multifamily residential or commercial development.
Property Highlights:
- Prime Location: Located right by public transit stations, this property offers convenience and accessibility. Only 15 minutes to the University of Utah, and 40 minutes to Park City and Utah's world-class ski resorts.
- High-Density Zoning: Ideal for multifamily residential or commercial use, including businesses that can sell alcohol and tobacco products.
Explore this promising property here. For detailed development guidelines, see the TSA Design Guidelines.
We believe this development represents a unique opportunity to be part of Salt Lake City’s bright future. For more information or to discuss potential opportunities, please contact Monique at (801) 205-8235.
