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Tim Vandenack, Standard-Examiner
Marriott-Slaterville – As the area’s economy expands, industrial space is at a premium, limiting expansion in the sector.
Only 1.6 percent of the 50 million square feet of industrial space in Weber and Davis counties is vacant, said Chris Roybal, president of the Northern Utah Economic Alliance, which promotes economic development in the two counties. Our industrial market is thus tight.
But now comes at least some relief. Representatives of developer St. John Properties broke ground last week on a planned 19-acre business community near the Interstate-15/1200 South interchange in Marriott-Slaterville, where alfalfa once grew.
The proposed development – the 12th Street interchange – is suitable for office, warehouse, retail, some manufacturing, light industrial and more. The project is one of several started in Saint John, Utah.
The Baltimore, Maryland-based firm has a portfolio worth about $4.5 billion and about 22 million square feet, according to Daniel Thomas, a regional partner for St. John in Utah.
Tim Vandenack, Standard-Examiner
“About $1 billion of that is in Utah, and that’s in the last six or seven years,” he said at a ceremony at the Marriott-Slatteryville last Thursday. “We’re just getting started. There is a lot of opportunity here.”
St. John’s other Utah properties are located in Pleasant Grove, Springville and Taylorsville. The new Marriott at Slaterville is the first in Weber County, fueled by strong economic growth along the Wasatch Front. The company plans to invest around $50 million in the project. The first structure should be completed by the end of 2023.
The Marriott-Slatteryville property, when completed, will not attract industrial clients as large as Business Depot Ogden in Ogden, or the Freeport Center in Clearfield, both of which are much larger than the St. John project. Thomas reviewed light industrial, research and development, and other less complex uses, allowing clients to tailor the new space to their needs.
“The warehouse in the back is the office in the front,” says Thomas.
The front of the development features two retail spaces that could house restaurants or offices. Roybal says that smaller firms looking for maybe 10,000 to 40 square feet use 12th Street Exchange, while 100,000 to 200,000 square feet clients sometimes want in larger spaces.
Val Hale, former CEO of the Utah Governor’s Office of Economic Development, which is tasked with encouraging business growth in the state, attended last week’s ceremony. “What’s happening here is exciting. “It’s amazing to see the continued progress across the Wasatch Front,” he said.
Roybal doesn’t think St. John’s will have any major problems filling the new position at the Marriott-Slaterville. “We need to continue to have a place for companies to call home,” because if Weber County doesn’t develop the space, companies will look elsewhere.
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