Monday, November 5, 2012

Building Starts at Development in North Salt Lake

Ground has been broken on the first phase of Eaglewood Village, a new mixed-use community in North Salt Lake City.

Eaglewood Village is located at the corner of Eagle Ridge Drive and Highway 89.

Centerville-based Strategic Capital Partners (SCP) and Compass Development Group of Salt Lake City are developing the 96-acre property.

Eaglewood Lofts, a 214 unit apartment project, is the first phase of Eaglewood Village, which ultimately will include office, retail, apartments and homes.

The SCP land includes 17 acres of commercial land and entitlements for 300 residential units.

"We see a tremendous demand for this area and the unique features related to this site," said Colin Wright, an SCP partner. "The appeal of the Davis County School District, affordable pricing, proximity to downtown Salt Lake and the mixed use feel of the project will lead to its quick success."

The project is scheduled to be completed by June 2013. Salt Lake Tribune