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SALT LAKE CITY -- Salt Lake City's skyline is changing, and so is its downtown residential real estate market. In a few months condos at the new City Creek Center project will be open for its first residents.
The two buildings in the middle of the block on South Temple, between Main Street and West Temple, are known as Richards Court. They're now almost fully enclosed, and interior work is well underway. They'll be ready for occupancy at the beginning of 2010.
Demand for condo units overlooking Temple Square, as these do, is said to be high. That's no surprise to real estate broker Babs De Lay. She's the principal broker for Urban Utah Homes and Estates.
"I think if you were Catholic and you lived in Rome, wouldn't you want to see the Vatican?" De Lay asked.
The downtown residential real estate market, hot a few years ago, slowed down considerably with the economic slide. But Prudential Utah real estate broker Gary Howard says the demand remains strong with empty nesters and young professionals.
[The Regent](http://www.citycreekliving.com/regent/) | [Richards Court East](http://www.citycreekliving.com/rc/) | [Richards Court West](http://www.citycreekliving.com/rc/) | |
---|---|---|---|
Address: | 35 E. 100 South | 45 W. South Temple | 55 W. South Temple |
Stories: | 20 | 10 | 10 |
Sq feet: | Penthouse: 2,188-3,507 Suite:765-2,272 | Penthouse: 2,819-3,148 Suite: 921-2,499 | Penthouse: 1,927-2,147 Suite: 771-2,027 |
Completion: | 2012 | 2012 | 2012 |
"It's a very good thing," De Lay said. "Their price point is very high, but their quality is very high. So, people can either use that as a choice or a comparable to what they'll be purchasing."
Other elements of the project are also making progress: Assembly of the steel framework for the retail center well underway. It is expected to open in spring of 2012.
E-mail: jdaley@ksl.com