Transit: $500M Utah Transit-Oriented Project Now Under Way

By Randyl Drummer for CoStar

West Valley City, UT, officials have broken ground on Fairbourne Station, a major transit-oriented development (TOD) that will become the new focal point of Utah’s second-largest city.

Gov. Gary Herbert, U.S. Rep. Jason Chaffetz, U.S. Rep. Jim Matheson and Mayor Mike Winder last week attended a ceremony at the project site, a four-block area south of 3500 South between 2700 West and 3200 West.

Winder called the $500 million Fairbourne Station project “the premier transit-oriented development in the mountain west.” While mixed-use developments are becoming more common throughout the Wasatch Front, Fairbourne will be accessibly to light rail and traditional bus service. The site is located between major west/side thoroughfares, within minutes of all of the Salt Lake Valley’s major freeways and the Salt Lake International Airport.

While a number of elements of the project will begin this year, the development will unfold over the next seven to 10 years. When completed, Fairbourne Station will include 200,000 square feet of retail space, 200,000 square feet of office, 1,000 residences and 162 upscale hotel suites.

The project includes four linear acres of urban park and plaza space. The Redevelopment Agency of West Valley City is the master developer of the project. Development partners include Embassy Suites, an upscale Hilton-brand hotel; office developer and landlord Hines, and ICO, one of Utah’s largest commercial developers.

[costar.com]

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