News / Utah / 

University Mall to break ground on $500M upgrade in Orem

University Mall to break ground on $500M upgrade in Orem

(File Photo)



Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

OREM — A groundbreaking is set for the $500 million upgrade of University Mall.

Branded as University Place, the Woodbury Corporation development will feature high-rise office buildings, housing, a hotel and a community park, in addition to a renovation of the existing mall. The groundbreaking for the project will be Thursday at 11 a.m.

University Place is expected to create 4,010 jobs throughout Orem, according to a study carried out by financial firm Lewis Young Robertson and Burningham for Woodbury. It estimated the project could bring more than $412 million to the local economy.

The goal of the University Place development is to create a gathering place for people in Orem instead of just a retail destination, according to Woodbury.

The Orem City Council approved a plan to allow the redesign of University Mall at the end of 2013. The council re-zoned 112 acres to allow mixed-use development on the property.

Related Stories

Tags

Utah
Natalie Crofts

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast