University Place

Type:

Mixed Use: Office, Retail, Dining, Entertainment, Open Green Space

Location:

575 E University Pkwy, Orem, UT 84097

Acres:

120

Square Footage:

Retail/Dining: 1.2 million SF

Office: Type A, 115,000 SF with the ability to build up to 1 million SF

University Place

Woodbury Corporation believes University Place is an example of the future of shopping centers in America. What started as a mall, is now a city center with shopping, grocery, restaurants, entertainment, outdoor green space, office, hospitality and more. Even as the core retail mall performed well, Woodbury saw a greater opportunity to make University Place into a regional destination to live, work, shop and play.

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Location 

Located in Orem, Utah, University Place is a 120-acre mixed use hub anchored by a million SF of retail shops and nearly 700 high end apartment units, in addition to office buildings, grocery, hotel and outdoor green space. Originally developed as an enclosed mall, the property is part way through a $500 million redevelopment effort.

History

Woodbury Corporation was the original developer of the shopping center in the early 1970s. Over its decade’s long history, Woodbury has continuously evolved the project through several major expansions and redevelopments to adapt to current trends, ensuring the property remains vital and relevant.

In 2015, Woodbury Corporation announced a major renovation to overhaul the former University Mall and create University Place. The Utah County landmark would now feature additional local retail, entertainment options, outdoor green space and commercial office space. The mixed-use project would be fulfilled in several phases over the next 10 years.

In 2016, construction finished on the first of five Class A office buildings. The striking new commercial office development located on the corner of University Parkway and State Street rises up to greet passer-by’s. Symbolizing the new face and future of University Place.

Finished in 2017, University Place added a brand new neighborhood. The Aston at University Place adds 1,200+ upscale, urban and high-tech rental apartments. Unlike anything else in Utah County, the corporate apartments are perfect for young professionals and second lifers seeking a walkable, mixed-use community lifestyle.

For over 40 years University Mall was Utah County’s landmark shopping center. Now, as University Place, the project offers housing, office space, and entertainment, along with shopping, dining and a two-acre outdoor green space called The Orchard, which is scheduled with year-round events.

There is still much to come. Construction of the next phase of redevelopment at University Place is underway including a new full line Dillard’s store, parking structure and 100,000 Square foot office building.

Dillard’s, which ranks among the nation’s largest fashion retailers, will be located on the west side of the shops at University Place facing State Street, with an expected store opening in the 2022.

The new office building will crown a nine-story structure, one of the tallest in Orem.  The bottom five levels will consist of structured parking, an office lobby and amenities, and the top four levels are designed to be offices boasting 360-degree unobstructed views of Utah Valley.

Additional future projects currently under development include a 140-room Courtyard by Marriott hotel and the new home of the Hale Center Theater Orem in a planned state-of-the-art performing arts theater facility.

1973
2015
2016
2017
2018
2020+

Tenants

RC Willey | Dillards | H&M | Lululemon | Disney Store | PF Chang’s | Al’s Sporting Goods | Texas Road House | Tucano’s | Cinemark Movie Theater | Trader Joes | Costco

Awards & Recognition

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Utah CCIM, 2018 Excellence Awards

Re-development of the Year

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Utah Valley Magazine

2017 Best of Utah Valley, Best Retail Shopping Center

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Congress for New Urbanism (CNU) 2016 Utah Awards for Excellence

Honorable Mention

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Daily herald: Best of Utah Valley

Best Family Friendly Shopping Center

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Daily Herald: Best of Utah Valley

Best Faamily Friendly Public Restroom

Partners

Woodbury Corporation partners with ICO on all the residential components of the project.

 

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What others say
“University [Place] has been the retail center of Orem and Utah Valley for the past 45 years... I want to applaud Woodbury Corporation for their efforts in turning this into a new [mixed use] facility... a facility that will be a gathering place for the citizens of Orem and for many people throughout Utah Valley.”
Richard Brunst, Orem City Mayor
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What others say
"University Place will create 4,010 jobs throughout Orem and the regional community, while infusing more than $412 million into the local economy."
Study by Lewis Young Robertson & Burningham
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