Agreement between Ogden City Council, developer puts housing plan in motion
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- The former Rite Aid site located between 24th and 25th streets is shown May 8, 2022. A laundromat located on the south side of the site has been demolished and construction on the mixed-used Capitol Square development is expected to begin shortly.
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- This undated photo shows the Rite Aid block before buildings were demolished.
OGDEN — As part of Ogden’s Quality Neighborhood Initiative, the city’s Redevelopment Agency is facilitating a variety of different housing types across a range of price points.
A resolution has passed authorizing the agency to enter into a land use and transfer development agreement with JF Impact LLC for the development of a multifamily housing project on Capital Square.
Members of the City Council voted unanimously May 10 to adopt the resolution.
“The coolest thing about what they are doing is building an apartment complex for individuals earning 60% of the average median gross income,” Councilwoman Marcia White said.
According to city documents, JF Impact has extensive experience with housing tax credits through the Utah Housing Corporation, allowing the developer to offer units at a lower cost.
JF Impact plans to build a mixed-use project with 176 apartments and 5,396 square feet of commercial space within a five-story building.
JF Impact purchased just over 2 acres at 2459 Quincy Ave. from the Redevelopment Agency for $757, 760.
The purchase price was needed in order to clear a debt the Redevelopment Agency incurred against the property, which was purchased in February 2021, according to city documents.
Redevelopment Agency staff have been working on predevelopment activities such as property acquisition, land consolidation and demolition for the larger 10-acre block of the Capital Square project since 2015.
White said Capital Square, formally known colloquially as the Rite Aid block, is a perfect example of why the Redevelopment Agency buys property. It is with purpose-built communities in the city that housing at all levels of income can be provided, White said.
“We are always looking at communities and asking what amenities and services need to be there,” White said. “It’s a really important aspect of what we are trying to do in Ogden.