Zoning Approved for New Trolley Development

 

 

For Immediate Release

January 18, 2017

Zoning Approved for new Trolley Square Development

Salt Lake City Council gives unanimous approval of new zoning for property south of Trolley Square slated for new residential, hotel and retail development

SALT LAKE CITY — The Salt Lake City Council voted unanimously on Tuesday, Jan. 17, to approve a zoning change which makes it possible to develop the parking lot and other property directly south of Trolley Square. The move rezones various parcels from RMF-30, RMF-45 and SR-3 respectively to FB-UN2 “Form Based Urban Neighborhood District,” which allows mixed use (residential and commercial) development—including a boutique hotel.

“Trolley Square management thanks Mayor Jackie Biskupski and her staff, the City Council and staff (including Planning and Zoning), and the Historic Landmark Commission for their cooperation and leadership,” said Trolley Square Ventures President Khosrow B. Semnani. “We are also grateful to the Central City and East Central Community Councils, as well as the interested neighbors and friends of Trolley Square. The process shows this is a community effort.”

Trolley Square Ventures, which owns both Trolley Square and the new development site, can now make more detailed plans in harmony with the new zoning. Because the property is in an historic district, those plans will be subject to further review by the Salt Lake City Historic Landmark Commission (HLC). Trolley Square Ventures has already met with the HLC for preliminary guidance in developing the plans. As plans move forward, Trolley Square Ventures will continue to seek input from the community.

“We are pleased to be able to pursue this development,” said Semnani, “It will be an exciting and vibrant residential, hotel and commercial complex that will have a complementary effect on the neighborhood. Our hope is it will not only help continue the revitalization of historic Trolley Square, but will be a jewel in itself for this neighborhood. We want to enhance and promote the historic character of the neighborhood.”

Trolley Square is a culturally and historically significant retail anchor in Salt Lake City. Local businessman and philanthropist Khosrow Semnani is working to revitalize Trolley Square as Salt Lake’s premiere center for shopping, dining and urban living. Learn more about Trolley Square at TrolleySquare.com.

Contact:

Michael De Groote, 801-321-7725

mdegroote@skhart.com

Mandy McKenna, 801-521-9878

mmckenna@trolleysquare.com

May, Trolley SquareDave Tucker