Steve and Ben Lowe, a father-son team with Compass Development Group, envision 570 living units on the 94 acres they've contracted to purchase south of Eagle Ridge Drive.
Dubbed Eaglewood Village, the Compass proposal contains a combination of live-work condominium units stacked above main-level storefronts, along with townhouses, rowhomes, offices, restaurants, trails, ponds and parks on the mountainside. Some structures would be four to five stories high.
Tuesday evening, City Planner Blaine Gehring presented the project to the City Council and Planning Commission during a joint work session.
The 94-acre parcel divides into two buildable areas - 20 hilltop acres where Compass hopes to build 160 living units, then 50 to 60 acres toward the bottom, which would house the remaining 410 units.
Gehring described the proposal as an urban village and lifestyle center, one with attractive access from Interstate 15 and Highway 89. He compared Eaglewood Village to Provo's successful Riverwood project built several years ago.
City Manager Collin Wood said the project would be built in phases, with 291 townhomes to start - namely the upper parcel and a portion of the lower land as well.
City Attorney Michael Nielsen detailed six issues that need to be addressed for the complex project to move forward: an effective development agreement, density, phasing, drainage, geotechnical hazards and adjoining landowners with their own set of concerns.
Scott Hughes, who jointly owns neighboring Lakeview Rock Products with his father, Glenn, told city officials that the Compass project would cut off their ability to route their heavy trucks northward.
"If you shut off that access, you'll shut us down," Hughes said.
Ben Lowe said his company has already invested about $250,000 in geotechnical studies to determine the stability of the hillside.
"Their consultant's opinion is that a sophisticated owner who understands the risks will monitor performance and be willing to repair potential damage," Nielsen said.
cmckitrick@sltrib.com
