Breaking NewsGlobeSt.com will be offline for scheduled maintenance Friday Feb. 26 9 PM US EST to Saturday Feb. 27 6 AM EST. We apologize for the inconvenience.

 
X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOLLADAY, UT-General Growth Properties plans to replace the 730,000-sf enclosed Cottonwood Mall with a mixed-use retail, office and residential development that will be “one of the most sweeping redevelopments in company history,” according to the 53-year-old Chicago-based REIT. The Salt Lake City area mall will feature “fashionable shops, residences, offices, streets conducive to strolling, riverside trails, and a public plaza that will become a community gathering place,” according to the General Growth announcement.

John Bucksbaum, chief executive officer of General Growth Properties, comments that by the time the mall is redesigned and repositioned in 2010, “Cottonwood will looknothing like its present form.” Under plans being reviewed by the City of Holladay, the mall site will include including condominiums, townhouses, cottages and single family homes.

The other elements of the retooling will include retail shops, cafés, restaurants, a specialty grocery, a cinema and upscale office space. Parking will be accommodated on decks hidden behind the buildings.

Under the new plan, the main commercial uses are accessed from Murray-Holladay Road and Highland Drive, linked to a central square by a short main street lined with shops, offices and residential lofts. The plan for the 57-acre Cottonwood property is beingt developed for General Growth by Duany Plater-Zyberk and Co., which has designed more than 300 new and existing communities in the US and overseas.

General Growth is also redeveloping nearby Fashion Place shopping center. One of the concerns in devising the plan for Cottonwood, according to Bucksbaum, was to analyze how each of the developments serves the same regional market and to ensure that they do so in complementary ways.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.