Tuesday, June 15, 2010

Clearfield severs agreement on $150 million Midtown Village project

What once was hailed as the future home of hundreds of condominiums, a performing arts center, offices, shops and restaurants will instead remain in its current state — an empty field — for the near future. The Clearfield City Council has terminated a development agreement for Midtown Village at Legend Hills after the developers were unable meet certain provisions of the agreement.

While a development there remains a possibility in the future, the $150 million Midtown Village will go down as a casualty of the poor economy and housing market. Plans called for a 1.2 million-square-foot, mixed-use development on 11 acres and featured 330 high-end residential units, about 250,000 square feet of commercial space, a hotel and a performing arts center, originally with 900 seats but later scaled back to 500. One structure would have been 10 stories high, making it the tallest residential/commercial tower in Davis County. The Deseret News