We are proud to announce our partnership with Cottonwood Residential and the Development of Park Avenue Apartments in Salt Lake City, UT. Located 10 minutes from downtown Salt Lake City, in the neighborhood of Sugarhouse, this 9.5 acre transit-oriented development project will have 238 apartment units (163,000 SF). Slated completion is 4th quarter 2021.
With Park Avenue Apartment’s front-door access to the adjacent shopping/entertainment district and celebrated Sugar House Park, residents will enjoy an unmatched lifestyle and sophisticated amenities in a supremely walkable location.
“We are Excited to bring Park Avenue Apartments to life in the iconic Sugar House Neighborhood of Salt Lake City. With its Inspiring Generational Design of apartment units; including the open lobby leading to the amenities’ expansive fitness center, to the top floor indoor-outdoor common area, to the multi-use live-work clubroom located next to the resort style pool and entertainment deck and with sweeping views of the Wasatch Front, Park Avenue Apartments will deliver all of your living needs and wants in this great neighborhood of Sugar House,” said Don Wood, Senior Development Manager of CREDE Construction Advisory Services.
With Utah’s accelerated population growth, and posting the top national employment growth in the country in 2019, it’s no coincidence that Cottonwood Residential has much opportunity inside the Beehive State with this new development.
Additional Key Highlights:
- Salt Lake City has a booming regional tech economy, dubbed Silicon Slopes, and includes homegrown firms valued at more than a billion dollars total, as well as offices for big names such as Adobe, Twitter, and Electronic Arts.
- The state’s population grew 9 percent over the last five years, much of it concentrated in Salt Lake City.
- Salt Lake City Ranked #3 by Forbes in their annual ranking of “The Top 25 Best Cities for Young Professionals in 2007.”
- Goldman Sachs is expanding its Salt Lake City presence, where it maintains its second largest office location in the Americas, and its fourth largest globally.
Mark Isaac, Principal of Pinyon8 Consulting, LLC says, “Sugar House is a neighborhood with the diversity and amenities you will find in many of the vibrant unban areas across the country. It is a walkable and bike-able community with eclectic art galleries, boutique shopping destinations, a variety of dining and social venues, and is located within minutes of some of the country’s greatest outdoor recreation areas. Sugar House has been featured as one of the great neighborhoods of the West in multiple magazine and newspaper articles. Sugar House, it’s a vibe.”
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