Gateway is a large open, retail, residential and office complex in Salt Lake City, Utah, United States. Centered on the historic Union Pacific Depot on the west side of Downtown Salt Lake City between 50 North and 200 South roads and between 400 and 500 roads in the West. Rio Grande Street became a one-way street and headed north through the mall. The last leg of the Salt Lake City Marathon ride to Rio Grande Street, and the finish line is adjacent to the Olympic Legacy Fountain. This mall contains 89 outlets.
The gateway cost $ 375 million and started as part of the urban redevelopment project, and the first stage was done before the 2002 Winter Olympics held in Utah. The first phase of 2.1 million square feet (195,096 m²) of mixed-use development includes office complexes, Northgate Apartments, and renovated Depot. Other highlights include Clark Planetarium, Megaplex 12 at The Gateway, Discovery Gateway Children's Museum, Salt Lake Tribune newspaper office, Dick Sports Goods, Barnes & amp; Noble Book Seller, and GameWorks. The TRAX light rail line has stopped at the Planetarium station on the east side of the mall, which is in the UTA Free Tariff Zone. The Vivint Smart Home Arena is across the street to the East.
In 2004, a 12-storey condominium, The Parc at The Gateway, was built facing the Olympic Legacy Plaza, with some units selling over $ 500,000.
In the northeast corner, 230,000 square feet of office tower (21,000 m 2 ) for more than 1,200 employees completed in 2007 for the only Fidelity Investments dwelling.
By 2014, the occupancy rate of the mall has dropped, with major tenants such as Apple Inc. has moved half a mile east to the center of the newer, more centralized City Creek Center, opened in 2012 by The Church of Jesus Christ of the End Saints. Gateway Owner, Vestar Development Co. are looking to appreciate the mall soon. The previous owner, American Retail Property Inc. has valued the mall up to $ 75 million by 2014 and will forecast further declines. Previous attempts to stabilize and sell the mall have failed. Meanwhile, some outdoor areas have been upgraded, and nearby development projects have been planned. The Gateway Mall, by 2016, has been sold to a company in Phoenix, Arizona named "Vestar". The company plans to renovate the mall for 30 million dollars. Vestar wants to help the mall gain popularity again and improve security, especially with Rio Grande Street and nearby homeless shelters.
Video The Gateway (Salt Lake City)
References
Maps The Gateway (Salt Lake City)
External links
- Official website
- Clark Planetarium
- Discovery Gateway
- Depot
- Wiseguys Comedy
Source of the article : Wikipedia
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