With the addition of more mass transit to Utah many developers and communities are engaged in Transit Oriented Development projects. These projects have had mixed success along the Wasatch front so far but appetite has remained steady and they will continue to be a large part of residential and commercial real estate in Utah going forward.
One of the TOD projects we are excited about is the Sugarhouse Streetcar which is expected to see $400 Million of private investment projects surrounding the Streetcar in the next five years. Developers are also eying much of the surrounding properties near other proposed Streetcar stops between the heart of Sugarhouse and State Street for possible retail, housing and other commercial uses.
One of our current listings, a vacant Industrial building at 2255 South 300 East, is located directly on the Streetcar line next to one of the proposed stops. While its current use is an Industrial Warehouse with Office, we have had continued interest from multi-family developers, retail users and other community groups that would like to use the site for other uses. While the current economics and desires of South Salt Lake may not justify some of the desired uses take a look at the site and see what you think would be the best use. An Industrial warehouse/office with great access to mass transit? Residential subdivisions? Apartments? A Church? Mixed use retail and housing? There are many possibilities.