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April 28, 2008
High-end hotel planned for parcel near SLC arena
By Barbara Rattle
The Enterprise
The owner of the Westgate Business Center and Westgate Lofts in downtown Salt Lake City has purchased a 3.25 acre parcel on the northeast corner of 100 South and 300 West, Salt Lake City, where plans call for the development of a high-end hotel, retail establishments, apartments, condos and office space.
Richard Gordon said he will sell between one and one and-a-half acres of the site to an established Las Vegas hotel development group that is "going to do something really wonderful over there. It will be high quality, probably not a five-star, but probably operate like a five-star."
Gordon said he also has an option on the Utah Paperbox property that adjoins the recently acquired corner site, and long-term plans call for the area to be divided into four "mini-blocks" with small, one-way roads, "much like The Gateway, with lots of pedestrian traffic areas and streetlamps."
"We really want to tie together The Gateway, the arena and the convention center and have this be kind of the passageway," he said. "We'll have retail shops on the ground level of all the buildings. This is long-term thinking; we don't have specific plans, but we're looking at some high-rises for some condos and apartments and office buildings. We're talking to the major players like Boyer and Kem Gardner and others who may want to be involved in the development of the rest of the property."
Until more specific plans are finalized, the property will continue to be utilized as a parking lot.
Sale of the corner acreage was brokered by Rick Davidson of NAI Utah Commercial Real Estate.
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