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  • (Enterprise) Wadsworth Development Group is planning to break ground in April for the Riverwalk Shopping Center. The center will be a 12-acre, 105,000 square foot development at 7200 South and 700 West in Midvale.

  • (The Enterprise) Oil & Vinegar, a Netherlands retailer, has plans to open eight stores in the United States, including one in Salt Lake City. The store will measure approximately 1,000 square feet, comparable to its other U.S. locations. Most stores are located in upscale malls with high foot traffic, and the CEO said the company would like to locate in the downtown historic district near Trolley Square. The company would like to make an agreement with an area developer who is willing to franchise Oil & Vinegar, building as many as three stores in Utah.

  • OREM (Deseret News) — After 37 years inside the University Mall, Deseret Book is moving to a 9,500-square-foot space in the new Villages at University Mall, just east of the main mall.

    The new store has an art gallery, a media area with a 140-inch high-definition movie projection screen, Mormon Handicraft and the Lion House Pantry.

    One lucky customer will get a 60-second shopping spree after a drawing at 4:30 p.m. Saturday, Nov. 14.

  • (Cottonwood/Holladay Journal) New construction on the corner of Murray-Holladay Boulevard and Highland Drive may be a welcome sight for some Holladay residents, but not all. The Utah Department of Alcoholic Beverage Control has begun grading the site for its newest liquor store, which will replace the current location on 2408 Kentucky Avenue.

  • Grandfather was President 50 Years Ago

     
    By Kelly Lux
    Real Estate News Utah Editor
     
    In his youth, O.
  • (Deseret News) Associated Food Stores Inc. has a sweet deal to entice customers inside the 34 former Albertsons that the company reopened Monday under the name "Fresh Market."

    Customers bringing in their Albertsons loyalty card to any Fresh Market will receive a free five-pound bag of sugar, said Dick King, Associated Foods vice president, who will be in charge of the new stores.

  • OREM (Daily Herald) -- Despite Midtown Village's existing legal problems, an Orem information technology support services company has relocated its operations to the semi-finished mixed-use project in Orem.

  • (Tooele Transcript) Another retail store is taking a chance at finding a niche in downtown Tooele during the current recession.

    Real Deals Home Decor will be opening this Thursday in the old Dave’s Drug building at 30 West 100 South in Tooele.

    Jennifer Baird-Hebdon, of Grantsville, is bringing her favorite home decor store to Tooele along with the help of her friends, Brittani Lots and Vickie Benincosa. Lots and Benincosa own a Real Deals franchise in Bountiful and are partnering with Baird-Hebdon in the Tooele venture.

  • PROVO (Daily Herald) -- Not all businesses are falling victim to what's now considered the worst recession since the Great Depression.

    At least two businesses, AmeriTech College of Provo and Pizza Pie Cafe, an Idaho pizza buffet operator, are expanding into Parkway Village, giving new life to what used to be a strip mall that was pockmarked with empty retail spaces along University Parkway and Riverside Avenue in Provo.

  •  (Salt Lake Tribune) The owner of Fashion Place mall and the general contractor directing the overhaul of the Murray shopping center have reached an agreement to settle up on the $4.5 million owed for the construction.

    The accord will allow the two sides to begin talks about finishing work on the mall that was halted when owner General Growth Properties filed for bankruptcy in April, said Robert Campbell Jr., president of Camco Construction.

  • (Deseret News) WinCo Foods LLC on Monday opened stores at 7020 S. 700 West in Midvale and 2572 S. 5600 West in West Valley City.

    The company, based in Boise, also opened a store in Hemet, Calif. Each store has about 94,000 square feet and will employ about 225 people, more than 200 having been hired locally.

    Employee-owned WinCo has more than 13,000 workers at 70 stores and four distribution centers in six states.

    Original Article

  • (Deseret News) General Growth Properties has signed a settlement agreement with the subcontractor who built the new Nordstrom store at Fashion Place Mall in Murray.

    Camco Construction filed court documents in July alleging $4.5 million in unpaid debt for work already completed at the department store. Other businesses making claims against the company include a roofer, a cabinetmaker, an asphalt company and a tile company. Together, the claims add up to about $6.6 million

  • (Deseret News) Draper wants to resurrect the struggling VF Factory Outlet Mall and is turning to the Canyons School District for help.

    The city Tuesday will present its plan for a community-development project. If the district agrees to the proposal, it would give up its portion of property tax revenue on a parcel of land for five to seven years. The city would use the money to redevelop the outlet malls.

    Tentative plans call for restaurants and the city's first movie theater.

  • (Midvale Journal) Despite the sluggish economy, new businesses are popping up in Midvale. It is anticipated that they will bring more than 850 jobs and much needed sales tax revenue, to the city.

    “These companies are not just ordinary businesses, they are leaders in their industry,” said Chris Butte, Midvale’s director of economic development. “Fifty percent of the new jobs will pay employees more than the median salary for Salt Lake County.”

  • (The Enterprise) Mark Robbins is reopening his Ruth’s Chris Steak House franchise at 80 W. 300 South in the first quarter of 2010. Robbins was formerly the general manager of the Pierpont Avenue location that closed its doors earlier this year. A staff of 70 to 80 will work in the 9,000-square-foot, 250-seat restaurant which will be open Monday through Thursday 5 to 11 p.m., and Friday and Saturday 5 to 9 p.m. The new location was particularly attractive due to the amount of off-street parking and proximity to the new City Creek development.

  • At a meeting of the Saratoga Springs Planning Commission, Ryan Bybee with Cadence Capital proposed a site plan for a 12-acre, multi-use development. The project would include retail, office and storage buildings. Bybee plans to build the development in phases, with phase one consisting of a 5,500-square-foot retail strip, a car wash and an auto shop. The Saratoga Springs City Council will review the proposal.

  • (Daily Herald) The founder of Nu Skin Enterprises, in partnership with a Provo investment group, has quietly acquired The Shops at Riverwoods, a lifestyle center near the upscale Riverbottoms neighborhood that was in receivership for the past six months after defaulting on mortgage payments.

    "I am involved, in a way," Nu Skin Founder Blake Roney told the Daily Herald Thursday night. "There are several other partners involved."

    He declined further comment.

  • (Deseret News) Kohl's Department Stores said Wednesday that it will open its Brickyard store at 8 a.m. Wednesday, Sept. 30, with a ribbon-cutting ceremony.

    The store, at 1154 Brickyard Road, has created about 150 new jobs. It is the 12th Kohl's store in Utah and among 37 stores nationwide that the chain is opening this fall. Stores at 35 former Mervyn's locations in Utah, California, Texas and California will create a total of 5,200 jobs, the company said.

    Kohl's, based in Menomonee Falls, Wis., will operate 1,059 stores in 49 states by the end of September.

  • Holladay (Salt Lake Tribune) » This bedroom community is making room for neighborhood cafes and shops.

    Residents near Highland Drive and Spring Lane soon could be strolling to a corner restaurant to dine on Spanish tapas. On Thursday, the Holladay City Council created a new zoning category -- neighborhood commercial -- and granted it to Café Madrid.

    The restaurant plans to move from 2080 E. 3900 South to 5244 S. Highland Drive, which had been zoned for homes.

  • (Murray Journal) Despite the unpredictable economic times, businesses are still flourishing and opening shop in Murray. This summer, over 30 new stores opened their doors to the Murray community.

    “A lot of them are small businesses, which should not be overlooked from an economic development perspective,” said Tim Tingey, Murray’s economic development director. “They are a big strength for our community.”

  • (South Valley Journal) After several years of home and community building, seven retail shops will open Sept. 19 inside Daybreak’s SoDa Row Village Center at about 4500 West and 11400 South.

    “I like the look of the shops and if I don’t have to drive in traffic and pass Bangerter Highway to get a few essentials or visit the Redbox, it will save me some time,” said Daybreak resident Curtis Moore.

  • (Cottonwood/Holladay Journal) “This is just the beginning of what is going to be a wonderful, new, vital Holladay,” said Rep. Carol Spackman Moss at the Aug. 18 ribbon cutting ceremony opening the first new street in the city’s Village Center.

    The opening of the extension of Laney Avenue to 2300 East was the first major milestone for the Holladay Village road project and marks the half way point of the revitalization plan.

  • HARRISVILLE (Desret News) — Deseret Industries is leaving Ogden next month after more than six decades for a new location in Harrisville.

    The Deseret Industries at 2048 Washington Blvd., which opened in the 1940s, will have its final day of operation on Saturday, Sept. 19.

    The new Deseret Industries, part of the Harrisville Welfare Center, will have its grand opening Sept. 24-25.

    The welfare center will be similar to new centers in Layton and Logan, which are also both anchored by a Deseret Industries store.

  • The Sugar House EmbroidMe will be moving to a larger location in mid-September. The new location will be at 2511 S. State in South Salt Lake. The new building is 3,600 square feet, nearly double the size of the store’s current location. EmbroadMe, which decided to take advantage of attractive lease rates brought on by the slow economy, leased its new location with the assistance of Eric Fuhrman of InterNet Properties.

  • (The Enterprise) Nearly 95,000 square feet will be added to Valley Fair Mall in the second phase of the building's redevelopment project. Ross Dress for Less and Famous Footwear have signed on as tenants in the new space. Satterfield-Helm and Coventry Advisors plan to break ground early next year, finishing phase two a year from now. R&O Construction of Ogden will be the contractor.

  • By Ken Holman

    Overland Group Inc, President
     
    Editor’s note: This article is the third in a five part series highlighting the five markets discussed at the 2009 Summer Symposium: Mid-Year Real Estate Economic Update.
  • The development of a 3,000-square-foot retail pad at 180 E. University Parkway was approved by the Orem Redevelopment Agency. The pad will be an addition to an existing structure, making the entire space 20,000 square feet. The space will be available for lease. Curtis Miner is the architect on the project. KNP Construction will be building the structure. Construction is scheduled to begin as soon as the paperwork is finalized.

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