SILOS

THE LATEST COLLABORATION BETWEEN BLASER VENTURES AND LOWE PROPERTY GROUP - WHERE MODERN LIVING MEETS URBAN CONVENIENCE

A dynamic collaboration between Blaser Ventures and Lowe Property Group gives rise to an ambitious project that harmoniously combines multifamily residences, affordable housing, vibrant retail spaces, enticing restaurants, and an exquisite boutique hotel with the adaptive reuse of decommissioned grain silos.

Nestled strategically between the key thoroughfares of 500 and 600 South, which serve as the primary conduits for entering and exiting Downtown Salt Lake City via I-15, this development occupies a pivotal position. Envisioned as a focal point for urban life, the project commands attention from a daily influx of over 40,000 commuters and visitors, fostering a bustling and engaging atmosphere that interweaves modern living, diverse housing and commercial offerings, and the allure of boutique hospitality.

Building 1: 65 apartments with 6,750 SF of ground-floor retail.

Building 2: 275 workforce apartments (80% AMI), 427 Covered Parking stalls, and 6,910 SF of ground-floor retail.

Building 3: 221 Apartment Units, 189 Covered Parking Stalls, and over 25,000 SF of amenity space.

Miller Building: 35,000 SF Commercial (Adaptive Reuse), 80 surface stalls.

Casket Building: 6,000 SF of retail space (likely F& B concept).

Silo Park: Approximately 16,000 SF of Urban Open Space.

Northeast Retail: Approximately 30,000 SF of Retail.

Mill Building: 15,000 SF Adaptive Reuse Retail (likely F& B concept).

Hotel: Programed to be a boutique hotel with approximately 150keys, Operator and Brand to be determined.

LIHTC Project: 180 Units (60% AMI) and 207 Covered Parking Stalls.

Address:
500-600 South 400 West, Salt Lake City UT

Asset Class:
Adaptive Re-use, Multifamily, Affordable Housing, Retail/F&B

Investment Type:
Acquisition & Development

Asset Size:

  • 286 Market Rate Units

  • 275 Workforce Units

  • 180 Affordable Units

  • 64,660 SF Retail

  • 35,000 SF Commercial

  • 16,000 SF Community Park

Parking:
928 Parking Stalls; 823 Covered, 105 Surface

Acreage:
8.23 Acres

Delivery:
LIHTC under construction. Remainder in Pre-Development or Planning

Other:
Opportunity Zone

SILOS: PROJECT OVERVIEW