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19791265
19791266

2 Locations

GJ
UT UT 136668-SA00
Colliers - Pleasant Grove - Utah County, Utah
Listed by Colliers - Pleasant Grove - Utah County, Utah
$12,277,000
939 days on market
Updated 177 days ago

Millcreek Apartment Land w/Approvals

Details
APN 15364530100000, 21012030030000, 21012060050000
Property Type Land
Sub Type Residential
Acreage 7.180
Zoning RM Multi-Housing
Ownership Fee Simple

Land | 7.18 acres

Marketing description

The Millcreek Creekside Apartments is a Fully Entitled Project Straddling Beautiful Big Cottonwood Creek. Your tenants will enjoy the aesthetic and naturally pleasant sounds of the trout filled stream in beautiful Millcreek, Utah. The location is conveniently located and walkable to two UTA Trax Stations, Murray North and Meadowbrook Stations. The project consists of the approved design and density of 423 Apartments in four buildings and 7,000 square feet of flexible commercial space along Central Avenue. Amenities include an upscale clubhouse, pools, and fitness center along with dog parks, fire pits, walking trails and stunning views of the Wasatch Mountains. The project comes with an in-place TIF Agreement of $3.5 Million of public financing. This fully approved project includes sophisticated building designs ready for your team’s value engineering for your preferred Architect to prepare the final construction drawings. All surveys, Geotechnical & Environmental Studies, and Final Grading Plans are all included.


Investment highlights

Qualified Opportunity Zone

423-Unit Fully Entitled Multifamily Project

Trax adjacent

In-place TIF agreement worth $3.5 million in construction value

7,000 SF of Commercial Space on Central Ave.

Along beautiful Big Cottonwood Creek.

Listing Contacts

GJ
UT UT 136668-SA00
Colliers - Pleasant Grove - Utah County, Utah
Listed by Colliers - Pleasant Grove - Utah County, Utah

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Additional Information

Name
Gordon Jacobson
License
UT 136668-SA00
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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