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OREM — Commercial and residential development plans were announced Friday for the 1,750 acre site previously occupied by the Geneva Steel.
Anderson Development held a public open house Friday morning where invited speakers announced a few more detailed plans for the master-planned community called @Geneva.
Greg Miller, CEO of Larry H. Miller Group of Companies, made the announcement that a Larry H. Miller Megaplex Theater will be a major anchor in the new development. The theater will include a state-of the-art, five-story IMAX screen with exclusive technologies and13 digital auditoriums.
Miller said that the theater would house up to 3,000 people and it will create 100 new full- and part-time jobs.
Weather permitting, the Megaplex is scheduled to open in time for the 2014 holidays.
Utah Valley University President, Matthew Holland, announced the option for UVU to buy an additional 125 acres to expand the campus. UVU has already purchased 100 acres to build new classrooms and intramural fields.
Gerald Anderson, Anderson Geneva Principal, announced that Day's Market will also be opening a new location at the Geneva master-planned community.
According to the press release, the development will be broken down between residential and commercial areas as follows:
11 million square feet of total available space supporting 20,000 jobs - housing for 26,000 residents
- 2 million square feet of retail space
- 3.5 million square feet of office space
- 7,600 residential units
- 5 million square feet of industrial space
- Future home of 26,000 total residents
- Intermodal Hub
- Major Town Center
The Geneva site is the last remaining parcel of its size within Utah County.
Top photo credit: Anderson Deveopment