For those with any interest in Salt Lake City, take a moment and review the attached ‘report card’ from Building Salt Lake as it evaluates the proposed redevelopment by Smith Entertainment Group (SEG) in creating an ‘entertainment district’ in downtown Salt Lake City. If successful, it would be the biggest change in the urban core since the opening of The Gateway Mall (2011) and City Creek Mall (2012). Ryan Smith, a Silicon Slopes billionaire who owns the NBA Utah Jazz and the recently acquired NHL Utah Hockey Club (formerly the Phoenix Coyotes), is the driving force behind the sport-centric, mixed-use development. The Salt Lake City Council last night (July 9,2024) gave approval for the city to go ahead in working with SEG to make the redevelopment a reality.

 

 

Svikhart & Associates, a Salt Lake City-based real estate services company, focuses on asset management, brokerage listings and sales, and all aspects of a multifamily investment. Specific diligence regards property operations and strategies to maximize asset performance and value. Additionally, the firm assists owners regarding economic, financial and market factors that impact returns on investment. The firm targets ‘Mid-Tier’ assets which it defines generally as 10-to-60-unit properties.

 

Please find us at svikhart.com or contact us at 801-550-5684 to learn about the real estate services the firm provides. To subscribe to the firm’s newsletter addressing events of the day please follow this link Newsletters.