The Church of Jesus Christ of Latter-day Saints said today its massive City Creek development in downtown Salt Lake City is on schedule to be completed in early 2012.
"The end is in sight," said Mark Gibbons, president of the LDS Church's City Creek Reserve Inc.
The development, massive by any standard, will include offices, Macy's and Nordstrom department stores, specialty shops, restaurants, a food court, several condominum buildings and apartments.
Construction on the Harmons grocery store is set to begin in July, with completion of the 75,000-square-foot grocery scheduled for mid-2011.
City Creek's food court, which has been open since last year, has five tenants, including McDonald's, Great Steak, Sbarro Italian restaurants and Chinese and Japanese eateries.
Local favorite Red Iguana, which has two Salt Lake area sit-down restaurants, is adding a quick-serve restaurant to the City Creek food court next month. Also set to open is Bocata, a sandwich outlet, Roxberry, which will sell smoothies, and a Subway sandwich franchise.
While filling the quick-serve restaurant portion of City Creek has been successful, neither the church nor its partner Taubman Centers, would divulge any information about retail tenants in the shopping mall portion of City Creek. Ron Loch, vice president of planning and design for Taubman Centers, said the unique nature of the project and the commitment of the two anchor department stores makes the task of filling the rest of the retail space a bit easier.
"It hasn't been that difficult," he said.
Gibbons said the church's timing also has been good. Leasing activity is sluggish nationwide right now, but by next year, demand is expected to be better. "It's fortunate we're opening when we are," Gibbons said.
In March, the framework for the bridge over Main Street connecting the two parts of the City Creek development will be installed, he said.
Later this year, the 10-story Richards Court towers across from the church's Temple Square, will open. Richards Court, at 45 and 55 W. South Temple, will feature a total of 90 units priced from $442,000 to more than $2 million.
Another condominium development, The Regent, at 35 E. 100 South, will open around mid-2011. The 20-story project priced from about $300,000 to $1.7 million, will include 150 units.
Aside from Richards Court and The Regent, the LDS Church also is building a 30-story condominium tower at 99 W. South Temple with 185 units. A fourth condominium building will be built as market conditions allow. The church isn't in any rush to build the condominium projects given the downturn in home and condo sales.
City Creek also will include about 100 apartment units, some of which will front Main Street.
