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LEHI — City leaders are beaming about the latest addition to their budding tech hub — a large-scale, master-planned development backed by Micron.
The 844-acre development will be located west of the company's plant and a consultant employed by Micron said in future decades the site could be home to as many as 20,000 or 25,000 workers and 3,000 residents.
"We think that it will be a significant development for the city of Lehi," Dennis Raney of PrimeMark Advisors said Thursday.
The plans will only further alter what longtime residents have known to be a rural area.
"That was where my dad and I rode our horses and that's where we messed around," said city councilman Johnny Revill. "To see that whole point of the mountain be transformed into this kind of tech hub with Microsoft, with Adobe, with Cabela's — you know all of these different companies coming in — I never imagined that it would be this."
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Thanksgiving Point is at the heart of some dramatic change and growth in this area over the past two decades.The city council earlier this week approved the site plan, which is essentially a map of what will go where in the development. Revill said that will be used to better assess how much additional infrastructure is also needed.
There are no blueprints yet for any buildings, Raney said. Still, Raney confirmed the current plans call eventually for 195 single family homes, 147 town homes, 323 condos and apartments as well as 120 stores. Office space will not be in short supply. The plans call for 235.8 acres of it.
It was unclear when construction may begin on the project, Raney said. The development would not be completely built out for as many as 30 years and Raney said growth of the project depended on market factors.
Revill said because the property extends inside unincorporated Utah County and Draper boundaries, additional actions will be necessary from those entities. Raney anticipated space in the new development being in high demand.
"To have a site situated so well within a large urban environment, with world-class views, it's very unique," Raney said.
Revill said he was excited for the growth.
"One side of me — that's the kid that grew up in Lehi — will miss that area where we used to ride horses," Revill said. "But the other side of me looks and sees progress and sees that as long as we do it wisely and the right way, it's great for our community."
