Monday , October 19, 2015 - 7:00 AM13 comments
OGDEN — For the past several years, Ogden officials have seemed to rally around the phrase, “Work, Live and Play,” when describing their ideal vision for Junction City’s future.
A city where you can have a good job, a nice place and lots of opportunity to recreate — all without having to travel too far — has been hailed as the Utopian dream.
Well, after some time and effort, the “live” portion of this oft-repeated refrain finally seems to be falling into place.
In less than a month, the first tenants will begin moving into the View on 20th — a luxury apartment development being built as part of Ogden City’s Riverbend redvelopment master plan.
The project comes together as a partnership between the Ogden Redevelopment Agency and an investment group headed by PEG Development, with Ogden-based general contractor R&O Construction building the complex.
Brandon Cooper, deputy director of Ogden’s Community and Economic Development department, said the RDA conveyed some property to PEG and will offer up to $4 million in tax incentives to help get the project off the ground. The incentives come in the form of tax increment financing, a mechanism where the RDA uses increases tax revenues generated by the redevelopment to help finance the project.
The RDA has already provided PEG with an additional $1.5 million in tax increment, which can only be used for public infrastructure improvements in the area.
Soren Halladay, director of Multifamily operations with PEG, said the new complex — which occupies three acres on the northwest corner of 20th Street and Grant Avenue — will eventually feature 148 apartment units and an additional six town homes.
The units will open in three time blocks, with the first 24 apartments available for occupation beginning Nov. 1. Two more openings will happen on Dec. 1 and Jan. 1. Floor plans range from 785- to 1,449-square feet, with monthly rent between $835 and $1,449.
Brandy Cullins, leasing manager with PEG, said eight of the first 24 apartments are already under lease.
The development also features 2,100 square feet of leasable retail space.
“We’re hoping to bring in a little grocer or a coffee shop,” Halladay said. “Something that will be an immediate benefit for the people who will live here.”
Halladay said PEG is marketing the complex to adventure-seeking baby boomers and millennials.
“We’re looking for the young, up and coming professionals, but also the empty-nesters who want to live in a downtown community,” he said.
Halladay said the pet-friendly community includes a free membership to nearby The Front Climbing Club for each occupant, on-site kayak and fishing equipment rentals, a bike washing station, an outdoor barbecue area and 1 gigabit Internet speed.
“For professionals who want to be outside, hit the trails, use the river, but also have that urban living experience where you’re close to restaurants, different shops and employment, this is really the ideal place,” Halladay said. “This whole area, all this new development near the river, there aren’t too many places like this.”
Ogden Mayor Mike Caldwell said after years struggling to find tenants for downtown living spaces, the market is beginning to come together, noting that units at The Meadows at Riverbend complex, right across the street from the View on 20th, are nearly sold out.
“Four or five years ago, there was no interest in this type of project,” Caldwell said. “But we’ve built up a critical mass in that area. You’ve got the Junction, the (LDS) temple, the river, 25th Street, the FrontRunner station is close, there are employment clusters. There’s access to a lot of these things we’ve worked hard on for the past decade.”
You can reach reporter Mitch Shaw at email@example.com or at 801-625-4233. Follow him on Twitter at @mitchshaw23 or like him on Facebook.
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