C. W. Urban breaks ground on opportunity zone site for the development of theYARD in Salt Lake City
C.W. Urban, an innovative Utah home builder, has broken ground on an 8.57-acre Opportunity Zone site in Salt Lake City for the development of theYARD, a 157-unit single-family build-to-rent townhome community.
The transit-oriented development is located at 125 S Navajo Street in Salt Lake City. It is conveniently located two blocks south of the Fairpark TRAX Station and just north of the I-80 corridor. The project is centered in the emerging Poplar Grove community and is directly adjacent to the Jordan River. The site is near the large 100-acre redevelopment site, currently owned by Rocky Mountain Power, which is slated to transform the North Temple corridor over the next ten years.
The project will feature a mix of two-and three-bedroom, three-story townhomes with an average unit size of 1,512 square feet with each unit having an attached garage. Units will offer quality finishes including quartz countertops, and stainless-steel appliances. Community amenities will include a clubhouse, fitness center, an outdoor swimming pool, a landscaped greenway bisecting the site, and a riverfront amenity area. Construction is actively underway, with the first units expected to be delivered in Spring of 2024.
C.W. Urban has partnered with Argosy Real Estate Partners on the equity for the project. Argosy Real Estate Partners (AREP) specializes in opportunistic, value-add, core-plus, and Opportunity Zone real estate investments in the middle market. Together, they will pursue LEED certification for the project to ensure a healthy, efficient, and energy conscious development.
Based in Centerville, Utah, C.W. Urban is a real estate development company and general contracting firm that specializes in the design and construction of urban in-fill townhomes, condos, single-family homes, apartments, and master planned communities across the Wasatch Front. Its core team of industry professionals has a wealth of experience in home construction and land development. The company prides itself on crafting superior residences and is currently building some of the most sought after residential projects in Northern Utah. Visit builtbycw.com for more information on their projects.