Transcript
Hostess BrandsWonder Bread Site
734 East 400 South
Joseph Briggs
Kyle Norton
Brody Rypien
Sheldon WorthingtonREDEV 6410 / CMP 5410
The SiteMap
The SitePhotos
The SiteParcel Data
Parcel ID Land Value Building Value Value Acreage Tax Rate Zoning
1605308004 $70,500 $96,800 $167,300 0.12 0.015519 CS
1605308009 $81,600 $0 $81,600 0.19 0.015519 CS
1605308010 $57,800 $0 $57,800 0.13 0.015519 CS
1605308011 $82,500 $0 $82,500 0.19 0.015519 CS
1605308012 $62,800 $0 $62,800 0.15 0.015519 CS
1605308015 $560,000 $4,100 $564,100 1.30 0.015519 CS
1605308031 $88,100 $0 $88,100 0.19 0.015519 RMF-35
1605308032 $332,600 $222,400 $555,000 0.90 0.015519 RMF-35
$1,335,900 $323,300 $1,659,200 3.17
The SiteEasements & Proposals
No Easements after 1989
No Past Proposals since 1977
Pedestrian Path Easement on Parcel 7
The SiteUtilities
The SiteSite Selection
Familiarity with Area
Understanding of City Plans for 400 South
Developer-friendly Zoning
Great Location between Two TRAX Stations
High Traffic Counts on 400 South and 700 East
Easy Access to Downtown and the University of Utah
“Restaurant Row”
The SiteCurrent Situation
Hostess Brands in Bankruptcy Twice in 3 Years
City Has Temporarily Rezoned the Area as TSA
The SiteAmenities
The SiteAmenities
Site Intent
Mixed Use
Residential
Ground Floor Retail
Plaza Connected with Gilgal Gardens
Site IntentPrecedents
Richardson Apartments, San Francisco
150 Holborn, London
200 Second Street, Oakland
Capers Building, Vancouver Canada
Site IntentComparables
Bridges @ Citifront
Emigration Court
Axis
Northgate
Site IntentComparables
Bridges at CitifrontADDRESS YR BUILT UNIT SF SF PRICE PRICE BEDROOMS UNITS/VACANCIES
600 West South Temple 2010 750 $1.30 $975.00 1
900 $1.30 $1,170.00 2
220/4
Emigration CourtADDRESS YR BUILT UNIT SF SF PRICE PRICE BEDROOMS UNITS/VACANCIES
343 South 500 East 2000 683 $1.42 $970.00 1
759 $1.38 $1,050.00 1
985 $1.30 $1,275.00 2
1163 $1.33 $1,555.00 2
238/0
Site IntentComparables
AxisADDRESS YR BUILT UNIT SF SF PRICE PRICE BEDROOMS UNITS/VACANCIES
739 South 300 West 2011 1220 $1.32 $1,620.00 2
1145 $1.28 $1,475.00 2
60/9
Northgate ApartmentsADDRESS YR BUILT UNIT SF SF PRICE PRICE BEDROOMS UNITS/VACANCIES
200 South 500 West 2000 664 $1.38 $895.00 1
679 $1.48 $1,010.00 1
868 $1.26 $1,095.00 2
911 $1.42 $1,295.00 2
330/2
Site IntentEntitlement Process
Site IntentChallenges
Easements
Abosorption
Hostess Brands
Soil Conditions
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