A tall pine the city decked it out in holiday lights this year marks the spot where construction of a new transit-oriented development will begin near the Layton FrontRunner station some time during 2011.
"It will have to be removed," Mayor Steve Curtis said of the twinkling evergreen. "So we made a community Christmas tree out of it. This is its last hurrah."
In its place, Logan-based developer MV Properties hopes to erect "Kays Crossing," a mixed-use structure with ground-level retail and office space, topped by four levels filled with 156 residential units.
Jared Nielson and James Wakefield, principals of MV Properties, have contracted with Layton landowners Larry Hill and Gibbs Smith to purchase the 2.85-acre parcel.
The property sits south of the historic First National Bank at Main and Gentile streets, and is sandwiched between two park-and-ride lots owned by Utah Transit Authority.
Salt Lake City architect Brent Hilton was selected to design the new structure with an urban but traditional feel, Nielson said. Construction on the $15 million project should begin by fall 2011, he said.
The project includes nearly 300 parking stalls on two levels, one underground and the other at street level. A secluded center courtyard is planned about 14 feet above ground featuring a hot tub and swimming pool.
"These apartments will be a great amenity for the proposed Intermountain Healthcare hospital and the new Winco [Foods]," said Layton Economic Development Specialist Ben Hart, referring to projects in the works nearby.
Once constructed a process that could take about 14 months Kays Crossing will be the city's tallest structure, Hart said.
MV Properties will seek city redevelopment funding to help install the project's necessary infrastructure, Nielson said.
Layton Mayor Steve Curtis views the future Kays Crossing as a key component of the city's historic downtown.
"It will become an asset," Curtis said, "because of it being keen on transit travel."
While UTA does not own any of the property and is not a partner in the development, the agency is considering a land swap that would allow reconfigured parking in its south park-and-ride lot, said spokesman Gerry Carpenter.
"We're supportive of any transit-oriented development," Carpenter said of the mixed-use, high-density projects rising near UTA stations. "It's more livable, walkable, and in the end increases ridership and gives a greater return on our investment in infrastructure."
Kays Crossing by the numbers
Set to open by late 2012
2.9 acres near Layton's FrontRunner station
Will consist of five stories and 156,000 square feet of mixed use
Ground level to have 2,400 square feet of retail and 3,000 square feet of office space
156 one-, two- and three-bedroom units on the upper four floors
290 parking stalls on two levels, one underground
Plans include one raised private courtyard with hot tub and swimming pool
Construction to start by fall 2011
Source • Layton City, MV Properties