Author Date

2020

Degree Name

Department

Economics

College

Family, Home, and Social Sciences

Defense Date

2020-03-10

Publication Date

2020-03-18

First Faculty Advisor

Dr. Michael Ransom

First Faculty Reader

Dr. Barrett Slade

Honors Coordinator

Dr. John Stovall

Keywords

Commercial Real Estate Development Multifamily Retail

Abstract

Stadium Apartments is a proposed class-A mixed-use development located on 4.3 acres of land at 88 W 1300 S, Salt Lake City UT. The single parcel is currently owned by Salt Lake City and is being operated as a parking lot. Salt Lake City hopes to develop the parcel in order to provide stable income to maintain the Smith’s Ballpark across the street. A detailed market and financial feasibility analysis has determined that a development consisting of 448 dwelling units (319,176 rentable square feet) and 3,750 square feet of retail space will both meet the goals of the city and provide solid returns for a developer. The development will achieve a 3 FAR from 563,061 gross buildable square feet spread over six stories of construction. A 1.26 spaces per unit effective parking ratio will complement the proximity of the Ballpark TRAX station and 1300 South’s I-15 entrance ramp, allowing residents easy access to downtown and other parts of the Salt Lake Valley.