The Central City building boom continues in Salt Lake. Construction is scheduled to commence later this spring on The Bonneville, a 158-residential unit development planned for the 200 South block of 500 East, across from the Urban Lounge and Rye.
According to Adam Paul, the managing partner of apartment development and construction for JF Capital Partners, the project will be six-floors above ground, with five floors of residential above two floors of parking. There will be 205 secure parking stalls with a ratio of 1.3 stalls per unit.
While each unit will have a parking stall, the development is in an area well served by transit. The project is two blocks from the Trolley TRAX station and is within a block of two high-frequency bus routes.
The neighborhood surrounding The Bonneville is one of Salt Lake’s most walkable and bike-friendly. Residents living in The Bonneville will be a block from Smith’s Marketplace and walking distance to many of Salt Lake’s restaurants and bars along 300 South. The 300 South protected bike lane is just a half block from project, providing quick access to downtown.
The development is in one of the fastest growing areas of the city. A block to the south near the intersections of 500 East and 400 South are the under-construction, Encore and Season at Denver Street Apartments. A block to the west, at the corner of 400 East and 400 South is the future sight of the Steve Black Apartments. When all four projects are competed, there will be 550 new residential units within a one block radius of the 400 East block of 400 South.
The Bonneville will not have ground floor retail, but will be built up to the sidewalk to engage the street level.
Amenities for The Bonneville will include: an indoor/outdoor clubhouse on the 3rd floor, an outdoor spa and gathering area with a fireplace, a demonstration commercial kitchen in the club room, an internet and coffee lounge, a game room with billiards, a commercial grade pet wash room, two off-leash pet runs, bike storage, washing facilities, a board room for resident use, a modern gym and a yoga room.
Groundbreaking for The Bonneville should happen within 30 days. Leasing will begin spring 2016.