Woodbury Corporation Brings Residents, Retail to Sugar House with Revitalization Project
Woodbury Corporation Brings Residents, Retail to Sugar House with Revitalization Project
- Wilmington Flats, the First Completed Phase of the Project, Has Achieved Nearly 100 Percent Occupancy
- Construction on the Second Phase, a Mixed-Use Senior Community, Is Scheduled for Completion in March 2017
- Revitalization Project Part of Woodbury Corporation’s Ongoing Efforts to Invest in Developments that Benefit Communities
SALT LAKE CITY (January 12, 2016) – Woodbury Corporation, a full-service real estate development company, today announced it has achieved 95 percent occupancy at Wilmington Flats, a $38 million mixed-use property the company developed in partnership with Colmena Group and Dee's Inc. Wilmington Flats is also Woodbury Corporation's first completed development in a planned multi-tiered revitalization project in Sugar House, Utah.
Legacy Village of Sugar House – the second phase of Woodbury Corporation’s revitalization project – is a $75 million high-rise senior community. Woodbury Corporation partnered with Western States Lodging and Management to design the mixed-use facility that will include 268 senior housing units that cater to residents requiring assisted living or memory care, as well as those seeking independent living. The complex will also include 12,000 square feet of ground floor retail space. Construction on the development began earlier this spring, and is scheduled for completion in March 2017.
“We have always been drawn to projects, both locally and nationally, where we see potential to revitalize and reinvigorate the communities,” said Jeff Woodbury, vice president of development and acquisitions for Woodbury Corporation. “We strive to build developments that address community needs, appeal to new residents, and draw new retail and economic opportunities. We feel Wilmington Flats and Legacy Village each have a modern feel that will infuse new life into the area but still fit with the history of the Sugar House community.”
Developed in partnership with PEG Development, Wilmington Flats is located at 1235 E. Wilmington Avenue, right in the heart of Sugar House. It includes 105 apartments, seven townhomes, and nearly 85,000 square feet of retail and office space. Traeger Wood Fired Grills, Synergy Tech, and Finch are just some of the businesses occupying office space at Wilmington Flats, and a number of the retail residents are already open for business, including:
- Spitz – A restaurant serving Mediterranean street food
- The Ruin – A neighborhood bar and lounge
- So-Mi – A modern Vietnamese bistro
“I am delighted with the renewed activity and interest Wilmington Flats has brought to Sugar House,” said Lynne Olson, Sugar House resident and activist. “Sugar House has always been a place where people lived, worked and recreated in the park, and this project is exactly what was needed to restore that original spirit.”
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About Woodbury Corporation
Founded in 1919, privately-held Woodbury Corporation is one of the oldest and most respected full-service real estate development companies in the Intermountain West. Headquartered in Salt Lake City, Woodbury Corporation owns and manages over 13 million square feet of retail, industrial, hotel, residential, and office buildings across 12 states. Some of these properties include University Place in Orem, Utah, Magic Valley Mall in Twin Falls, Idaho, and eight office buildings in the University of Utah Research Park. For more information on Woodbury Corporation’s properties and projects, visit http://www.woodburycorp.com.
Press Contact
Amanda Butterfield
Woodbury Corporation PR
A_butterfield@woodburycorp.com
801-440-9837