California Industrial II

Located off of California Avenue and Bangerter Highway in Salt Lake City, Utah. This class A office and industrial property is perfect for a corporate headquarters with plenty of warehouse space.

Opportunity

Provo Springs Place was a unique property with some unique challenges that would allow for outstanding returns in a high-growth area.

Approach

When we approached this property, it was currently an industrial building located in a residential area. Consequently, a rezone was required. We were able to work with the city to achieve a rezone.

Solution

To achieve the rezone and the development of this multi-family unit, we had to work with the city, zoning professionals, and other key people. We worked hard with them to understand all that needed to be done and fulfilled all the requirements.

The Result

The result was an outstanding, one-of-a-kind project near BYU and downtown Provo—one of the fastest-growing regions in the country. This townhome community also boasts impressive rental rates and reliable tenants.