Salt Lake City will be adding yet another residential skyscraper to its downtown skyline, according to plans announced Wednesday by a New York-based developer.
The high-rise apartment and hotel tower is being pursued at 370 S. West Temple, two blocks east of Pioneer Park, by The Domain Cos., the firm responsible for The Exchange, a new three-building residential and commercial complex nearing completion at the corner of 300 East and 400 South.
Renderings show the city’s latest glass and steel tower — to be located near Market Street on West Temple, across from the Orrin G. Hatch U.S. Courthouse (aka “the Borg Cube”) — rising to 26 stories.
That would place it among at least half-dozen tall office, hotel and residential buildings currently going up in Utah’s capital amid a high-rise boom.
Domain CEO Matt Schwartz said Wednesday in an interview that the $210 million residential and hospitality development also will have several food and beverage outlets, including a “very new and exciting” themed restaurant and entertainment venue unique to the city.
Plans for the new skyscraper also call for a boutique “lifestyle” hotel and other amenities — a pool, rooftop terrace, sky lounge and new work-from-home facilities included in its living spaces.
“Salt Lake has been so welcoming to us on so many levels,” Schwartz said, adding the firm expected to break ground by year’s end. And, in a nod to heightened demand for downtown real estate, he added that planning and construction are “moving forward on an accelerated schedule, reflecting where we see this market going.”
When completed in early 2024, the Domain tower will add 342 apartments to the city’s housing stock, the firm said, as well as a 202-room hotel, about 14,000 square feet of retail and restaurant spaces and 265 parking stalls.
It was unclear Wednesday if the project would include rentals kept more affordable, as they are in Mya, a mixed-income apartment complex built by Domain and a Utah-based developer as part of The Exchange, at 447 S. Blair St.
Domain said it has hired Solomon Cordwell Buenz, a Chicago-based architecture firm, for the West Temple work, a company it noted was responsible for designing the Hub50House, a luxury apartment complex in Boston, and Four Seasons, a private residential tower in Nashville.
Utah-based Okland Construction will serve as the West Temple project’s general contractor, it said, in partnership with Palmisano Construction, a New Orleans-based builder.
Liberty Sky, nearing completion at 151 S. State, the city’s first building of that height devoted to high-end rentals, climbs 250 feet with luxury amenities. That’s the work of developers at Utah-based Cowboy Partners and The Boyer Co.
Global developer Hines is also planning a residential tower on Main Street, above the site of the dilapidated Utah Theater.
In addition to more housing and its impact on the skyline, the prospect of a new hospitality outlet in the new West Temple skyscraper is intriguing. Domain is known for developing hotels, including Maison de la Luz, one of the top-ranked hotels in New Orleans, where the 17-year-old company also has headquarters.
Two portions of The Exchange — the 120-unit mixed-income apartment complex called Mya and an adjoining new shared workspace known as The Shop — are completed and welcoming tenants. Avia, an adjacent property with 286 luxury one-, two- and three-bedroom apartments, is scheduled to open later this spring.
The high-profile buildings making up The Exchange, located next to TRAX lines along heavily trafficked 400 South, have been constructed in a partnership between Domain and Salt Lake City-based Giv Group.