Eaglewood Village waiting, not dead

NORTH SALT LAKE (Davis County Clipper) — Like a seed buried deep underground in the middle of winter, there’s still the potential for life going on at the city’s proposed Eaglewood Village Development.

Though there’s no timeline for when construction will resume on the property, both Compass Development and North Salt Lake officials say that no official death knell has been sounded on the development.

Compass is continuing in their efforts to seek financing to move ahead with the project, and the city is planning on moving ahead with a community development agreement (CDA) that won’t go into effect until construction goes vertical.

“It’s not dead,” said Ben Lowe, a principal for Compass Development. “In this economy, all real estate developments have been delayed. I’m not sure of one in the state who hasn’t.”

Lowe stays in regular contact with both North Salt Lake Mayor Shanna Schaefermeyer and City Manager Collin Wood, whom he keeps updated every few weeks.

Original Article