Fall Construction Start Eyed for 122-Unit CityScape Complex
- Sep 12, 2012
CityScape Apartments is the latest luxury residential project destined for Downtown Salt Lake City, with construction set for a fall kickoff, the Salt Lake Tribune reported.
Located at 150 S. 400 East in Salt Lake City, the 122-unit development is a collaboration betwen Wasatch Advantage and Strategic Multifamily, companies that have previously worked together locally.
When vacancy slipped below 5 percent in 2008, the two firms partnered to develop high-quality rental housing. Wasatch Advantage acquired parcels on the Wasatch Front that could accommodate about 2,500 apartment units, most of which have since been built and rented.
For its part, Strategic Multifamily, which is an affiliate of Henry Walker Homes, continues to develop housing along the Wasatch Front. Its pipeline currently includes 750 units.
The new CityScape complex will feature a rooftop courtyard, a spa, a business conference center, a dog park and barbecue areas, all geared toward a target market of the city’s young professionals..