By now, you’ve probably noticed a new condo tower sprouting up in Silver Lake, Utah.
Located at the northern edge of the city, the development is a prime candidate for gentrification, as it features a mixed-use building with several retail tenants.
The tower will also boast a large number of apartments, including a two-bedroom, four-bathroom, and two-bathrooms with a combined price tag of $2,700,000, according to the project website.
The developer is aiming to have all of the apartments available for lease by March 2021, according the site.
The development has attracted mixed reactions, according an interview with developer Matt Zampoli.
“We were definitely surprised,” he told Ars, when asked if the developer was aiming to create more units.
“It’s just a really, really interesting and unique neighborhood.
The people are kind of like the urban explorers.
They’re looking for places that aren’t the norm.”
According to Zampolis, the Silver Creek developers have already secured $400,000 in federal funding for the project.
The project is slated to be completed in 2021, with the apartments slated to begin opening in 2021.
The Silver Creek development has received some negative press for its use of social media to advertise its plans, according Zampopoulos.
“I don’t think it’s fair to the neighborhood or the community to advertise these kinds of things on social media,” he said.
“You want to get people to want to live there and not have these issues around it.”
The Silver Lake City Council has voted to ban all advertising from the site, but Zampolis says they will allow residents to continue to use the site for promotional purposes.
“In my mind, it’s a good thing.
There’s a lot of people in the community that are really supportive of the project, and we want to make sure that we have the opportunity to have as many people living in Silverlake as possible.”
Zampolis also believes that the community is already well on its way toward achieving some of the goals set by the Silver Lake Housing Authority, which aims to increase the density of Silver Creek by 50 percent by 2025.
“The goal is that by 2025, Silver Lake will have a density that’s higher than other communities in the city,” Zampols said.
In addition to the Silverlake project, Zampos also owns two other high-density development projects in Silver Lakes, Utah, as well as the Salt Lake City Development Authority’s new development, The Plaza.
A spokesperson for the Salt and Snow Development Authority did not immediately respond to Ars’ request for comment.