September 9, 2013

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah

Sections

Spotlight
Martin Plaehn

Spotlight
Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

TechKnowledge
In the Lab

EntrepreneurEdge
Rent to Own

Business Trends
Back from the Dead

Executive Living
Artful Inspiration

Features
A Breath of Fresh Air

Features
Worst-Case Scenario

Regional Report
Northern Utah

Focus
Measure Up

Industry Outlook
Travel & Tourism

Players
Players

Article

Some Development Plans for Geneva Land Unveiled

By Heather Stewart

September 9, 2013

Utah Valley residents will soon see walls rising at the former Geneva Steel Mill property. Eight years after purchasing the property, Anderson Development has unveiled some of the shovel-ready development plans that will soon be underway.

Anderson Development paid $46.8 million for the Geneva property in 2005, assuming control of its demolition, cleanup and development. Since the purchase, it has been preparing the property for vertical development, said Stewart Park, project manager.

“We’ve been getting a lot of questions about plans for the property, so we held an open house to let people know what’s going to be happening,” said Park.

At the open house, held on Friday, the Larry H. Miller Group of Companies announced it will build a new Megaplex Theatre at Geneva. The theater will include an IMAX theater, 12 additional digital theaters and a full-service food court. The Megaplex Theatre, expected to be completed in late 2014, will serve as an anchor tenant for the Geneva site.

Utah Valley University, which owns 100 acres of land at Geneva, announced that it intends to exercise its option to buy another 125 acres.

Day’s Market will also open a new location at the Geneva master-planned community.

The Geneva site encompasses 1,750 acres, with a 1.5-mile frontage along Utah Lake.

Plans for the mixed-use development include residential, office, retail and industrial space. Full build-out of the property will take 10 to 15 years, said Park.

Construction is already underway on a 328-unit apartment complex, and another will break ground within the next few months, said Park. In total, 1,500 apartment or townhome units will soon be under construction.

Anderson Geneva, sister company to Anderson Development, recently completed a main road through the property, enabling some vertical construction to begin. “It has taken us eight years to get to this point,” said Park.

The company has been demolishing old structures, removing tons of concrete, cleaning up contaminants, and installing roads and other infrastructure necessary for development. “About 60 or 65 percent of the property has been remediated consistent with its intended development plans,” he said.

When complete, the Geneva development will be home to an estimated 26,000 residents and will add an estimated 20,000 new jobs in Utah County. The master-planned community will encompass 2 million square feet of retail space, 3.5 million square feet of office space, 5 million square feet of industrial space, about 7,600 residential units, an Intermodal hub and a town center.

The development comes at a time of strong growth for Utah County. The Provo/Orem area experienced a 40 percent growth rate from 2000 to 2010, and it is the second-largest metropolitan area in the state with about 550,000 residents.

“We view this as the crown jewel of Utah County and of the future of the county,” said Park.

Utah Business Social
UB Events View All
Content Marketing BootcampUtah Business Event
Oct 28, 2014
Please join Utah Business Magazine and Adobe, along with our other sponsors: Boostability, Right ...
Sustainable Business Awards 2014Utah Business Event
Nov 13, 2014
Utah Business magazine along with presenting sponsor Big D Construction, is pleased to announce t...
Best Companies to Work For 2014Utah Business Event
Dec 11, 2014
Utah Business magazine along with our sponsors Diversified Insurance and Miller Motor Sports Park...
Community Events View All
2014 Wicked Halloween 5K and Family Expo
Oct 25, 2014
Calling all witches, ghosts, vampires and werewolves! Join us on October 25th at Memory Grove Par...
St. George Book Festival - Book Expo Extravaganza!
Oct 25, 2014
What to Except: * Readers of all ages and genres will get a chance to meet dozens of prolific au...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel