Provo City has some great new plans

Written by Administrator on . Posted in Corporate Highlights

New Provo Development

PROVO — About 26 percent of Provo's budget is dependent on sales tax revenue, and those numbers are expected to increase with Provo's growing population.

Provo began plans in January of 2015 to increase the number of retailers in the city through revolutionizing four existing shopping centers.

Developers and property owners for these centers spoke at a town hall meeting this week to discuss renovation plans and communicate with residents about the effects the retail growth may have on the community.

Retail strategist Scott Bowles said Provo's demographics make it a perfect place for retailers because of its high percentage of college students, great job creation, high birth rate and the increasing number of families with young children in the area.

"Kids are a retailer's dream," he said, "Young kids, as we all know, require lots of stuff."

Downtown Provo's steady, recent growth has included many unique food vendors and boutiques, but Bowles said Provo's larger shopping areas can handle even more.

Developers plan to bring in both food retailers and what he calls "standard" retailers, which are larger corporate stores that can take in customers not only from Provo, but also surrounding communities.

Mix at River's Edge

With plans to overtake the current Plumtree Plaza, 2338 N. University Parkway, David Walter, director of the city's redevelopment agency, said the Mix at River's Edge will be devoted to making shopping "experience driven."

With Westport Capital Partners LLC leading the project, the Mix at River's Edge hopes to extend to the shores of the Provo River, if nearby landowners agree to sell waterfront property, according to Bowles.

Westport Capital plans to build office space, residential apartments, hotels and restaurants. This variety and its location between BYU and Utah Valley University has given the future shopping center its name, "Mix," according to Walter.

Demolition of the current shopping center will begin this fall and should be completed by 2019, according to Walter. Specific plans for the demolition have not yet been released, but many current buildings from the 27-acre area will be torn down to make space for the new development.

Walter also said there is potential for improved bus access for that section of University Parkway, which he thinks will add to the success of development.

"We're very excited about this," he said. "We think it'll have a lot of positive influence."

Provo Towne Centre

Manager Scott Hansen said even though previous Provo Towne Centre owners were good, they "didn't have the vision of what (the mall) could be."

Since its February purchase by Brixton Capital investors, Hansen said he has never been more excited in the 10 years he has worked there.

Brixton Capital first saw their purchase as a "portfolio piece," instead of an asset, according to Bowles. But now, the California investors "love Provo" and want the mall to become a "multifaceted asset for them," he said.

Plans for the Provo Towne Centre, 1200 Towne Centre Blvd., include first, stabilization, and then the growth of food vendors, department stores and entertainment venues.

Completion of the growth is not expected for at least two to five years, Bowles said.

Shops at Riverwoods

The Shops at Riverwoods, 4801 N. University Ave., has been booming since its purchase and beautification in 2009. According to the director of leasing and tenant relations, JJ Haering, "things are going great."

In the past three years, sales tax revenues for the locally owned shopping center have been climbing about 3 percent each year, he said, and in 2015 the shopping center hit its highest sales numbers since its creation in 1998.

The Shops at Riverwoods is expected to climb to 99 percent occupancy in the next year, from its 49 percent at the time of its purchase, he said.

Now home to nearly 40 shops with everything from indoor surfing to fresh-squeezed juice, the Shops at Riverwoods is looking for more retail growth. With that anticipated growth, Haering plans to make adjustments to parking space to create added availability for shoppers.

Haering said he will announce projects and expansion opportunities in the next year, which he hopes will make the shopping center a "showplace" for Provo.

East Bay Shopping Center

Rawley Nielsen, president of investment sales at Coldwell Banker, said brokers are "fighting" for the community to bring East Bay Shopping Center back to life.

When Kmart left, it took four tenants with it, Nielson said, "and that really hurt us."

But with "At Home" joining East Bay Shopping Center, it has much more promise for success, he said.

The shopping center at 977 University Ave. will soon sign a lease agreement with an unnamed national retailer, which Nielson believes will bring at least 10 to 15 more retailers.

"Its all hinging on this national tenant that we're very close to signing with," He said.

Additional information about the Provo shopping centers is expected to be released in about three weeks.

Provo Mayor John Curtis said that because of retailer requests and zoning restrictions, developers cannot yet fully disclose their plans.

But Curtis did ensure the more than 100 attendees at the town hall meeting: "We are on the brink of a lot of very, very good things that are happening in the city."

Deseret News

Jacobsen Shines Bright at AGC Awards

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Contractor of the Year, Project Manager of the Year and five projects from as many categories were among the top honors Jacobsen received from the Associated General Contractors (AGC) of Utah at its annual program, held on January 21 during AGC’s annual convention.

Jacobsen winning Contractor of the Year was thrilling—and unexpected. “This is an especially gratifying award for us, because it’s given by the State of Utah’s Division of Facilities Construction and Management (DFCM),” explained JCC COO John Fortuna. “We love doing our part to make the state of Utah a great place to be, and we’re honored that the DFCM values our partnership as much as we do.”

Also recognized for its innovation and craftsmanship was the Provo City Center Temple (PCCT), which received the award for Renovation/Restoration Project of the Year. John Emery, PCCT project manager, also was named AGC’s Project Manager of the Year for leading the charge on the five-year transformation of the fire-ravaged Provo Tabernacle into a beautiful LDS temple.

Logan Regional Hospital’s Budge Clinic took home the win in the Healthcare Projects category. “We’re very excited to take home the award for this project, which was very sensitive and complex,” explained JCC Project Executive Blake Court. “Logan Regional Hospital is an exceptional partner; we look forward to continued projects with them.”

The Utah Olympic Park Ski Jumps won in the Sports/Recreation (small projects) category. The new jumps offer increased capacity and safety, resulting in optimal training for the United States Ski & Snowboard Association (USSA). The Ogden 2nd District Juvenile Courthouse won Government/Public Building Project of the Year. This new courthouse provides services for 5,000 youth and parents, inspiring positive change for young people and their families.

USU Eastern’s Central Instructional Building (CIB) was awarded Higher Education/Research Building Project of the Year. “We couldn’t have had a greater experience with USU Eastern; they were amazing to work with,” said JCC Project Executive Jim Cavey. “The CIB is a modern facility that will serve USU Eastern for years to come; I’m proud to have been a part of that.”

“Awards season is always a wonderful time of year—and this is a banner year for Jacobsen!” said JCC President Doug Welling. “We’re extremely honored by the project awards we received from AGC Utah, and to be named DFCM’s Contractor of the Year. Recognition like this inspires us to reach even higher to make life better for our clients, and help them achieve prosperity and success.”

January 25, 2016

Big D Construction Opens Office in Park City

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Big-D Construction has opened a new office in Park City, Utah. This is the firm’s ninth office, and fourth in the State of Utah.

The new office will primarily support Big-D’s Signature Group, a division of the company that focuses on the construction of high-end residential and resort projects (Click here to view Big-D Signature’s portfolio).

“Big-D has been constructing projects in Park City for over 30 years, including the current expansion of the Park City Medical Center. This time, we finally decided to stay,” said Mike Kerby, Vice President of the Park City office. “We are not only committed to building the best projects, we are committed to being part of the community for the long term.”

Some of Big-D’s notable projects in the Park City area include the Swaner Eco Center; Newpark Hotel & Condominiums; Newpark Town Center; Cottonwood Newpark Office Buildings; the current Park City Medical Center Expansion; as well as Victory Ranch, a project consisting of 23 high-end cabins (9 of which are currently under construction).