hostess pdf

Hostess BrandsWonder Bread Site

734 East 400 South

Joseph Briggs

Kyle Norton

Brody Rypien

Sheldon WorthingtonREDEV 6410 / CMP 5410

The SiteMap

The SitePhotos

The SiteParcel Data

Parcel ID Land Value Building Value Value Acreage Tax Rate Zoning

1605308004 $70,500 $96,800 $167,300 0.12 0.015519 CS

1605308009 $81,600 $0 $81,600 0.19 0.015519 CS

1605308010 $57,800 $0 $57,800 0.13 0.015519 CS

1605308011 $82,500 $0 $82,500 0.19 0.015519 CS

1605308012 $62,800 $0 $62,800 0.15 0.015519 CS

1605308015 $560,000 $4,100 $564,100 1.30 0.015519 CS

1605308031 $88,100 $0 $88,100 0.19 0.015519 RMF-35

1605308032 $332,600 $222,400 $555,000 0.90 0.015519 RMF-35

$1,335,900 $323,300 $1,659,200 3.17

The SiteEasements & Proposals

No Easements after 1989

No Past Proposals since 1977

Pedestrian Path Easement on Parcel 7

The SiteUtilities

The SiteSite Selection

Familiarity with Area

Understanding of City Plans for 400 South

Developer-friendly Zoning

Great Location between Two TRAX Stations

High Traffic Counts on 400 South and 700 East

Easy Access to Downtown and the University of Utah

“Restaurant Row”

The SiteCurrent Situation

Hostess Brands in Bankruptcy Twice in 3 Years

City Has Temporarily Rezoned the Area as TSA

The SiteAmenities

The SiteAmenities

Site Intent

Mixed Use

Residential

Ground Floor Retail

Plaza Connected with Gilgal Gardens

Site IntentPrecedents

Richardson Apartments, San Francisco

150 Holborn, London

200 Second Street, Oakland

Capers Building, Vancouver Canada

Site IntentComparables

Bridges @ Citifront

Emigration Court

Axis

Northgate

Site IntentComparables

Bridges at CitifrontADDRESS YR BUILT UNIT SF SF PRICE PRICE BEDROOMS UNITS/VACANCIES

600 West South Temple 2010 750 $1.30 $975.00 1

900 $1.30 $1,170.00 2

220/4

Emigration CourtADDRESS YR BUILT UNIT SF SF PRICE PRICE BEDROOMS UNITS/VACANCIES

343 South 500 East 2000 683 $1.42 $970.00 1

759 $1.38 $1,050.00 1

985 $1.30 $1,275.00 2

1163 $1.33 $1,555.00 2

238/0

Site IntentComparables

AxisADDRESS YR BUILT UNIT SF SF PRICE PRICE BEDROOMS UNITS/VACANCIES

739 South 300 West 2011 1220 $1.32 $1,620.00 2

1145 $1.28 $1,475.00 2

60/9

Northgate ApartmentsADDRESS YR BUILT UNIT SF SF PRICE PRICE BEDROOMS UNITS/VACANCIES

200 South 500 West 2000 664 $1.38 $895.00 1

679 $1.48 $1,010.00 1

868 $1.26 $1,095.00 2

911 $1.42 $1,295.00 2

330/2

Site IntentEntitlement Process

Site IntentChallenges

Easements

Abosorption

Hostess Brands

Soil Conditions