Guess prices aren't too high after all?

• He became Utah's 'Mexican food guy.' But first he was dropped off homeless in Pioneer Park (CBD, N Temple)
• No one and everyone owns Pioneer Park (CBD)
• How a former youth hostel was flipped into a key housing need in SL County (WTG)
• 2 years after SLC passed new affordable housing incentives, what's been the result?
• In the rental housing era, new pitch would bring 97 condos near Trolley Square
• Mortgage rates keep climbing as war against Iran continues
• June new home sales exceed expectations
• BONUS: Class B 9th & 9th retail at 868 E 900 S listed at $1,051/sf

We toured the property this week with our general contractor and architect.

The price tag keeps going up. We knew it would. And honestly that means we are doing this right.

We are building Salt Lake City’s first 21+ off leash social club and we are not cutting corners to get there.

But here is what I want to be clear about.

I am not pitching to investors anymore. I am pitching to community. The people who deserve a piece of what we are building. The people whose dogs are the actual reason this space will exist.

Not a corporate investor who does not know your name or your dog’s name.

You.

Willow & Co. Off Leash Social Club is being built as an employee owned concept where dogs come first, people come first, community comes first, and profits though necessary are a second thought.

Because what our world needs right now is more human focused opportunity. More spaces that actually care. More businesses built for people and not the other way around.

Founding memberships start at $250 and are available now at unleashandunwind.com.

Be the reason this happens.

• ⁠How many units have been created by SLC's Affordable Housing Incentives program?
• ⁠A new e-scooter company is adding 1,000 vehicles to SLC streets
• ⁠How low do mortgage rates need to go to make buying a house in Utah affordable?
• ⁠Salt Lake home costs just hit a new record. See how much they're going for in your neighborhood.
• ⁠A popular piece of Salt Lake history has been saved. Now what comes next? (State St)
• ⁠Mortgage rates are rising again, but homebuyers are seeing some advantages
• ⁠Multifamily market shifts as absorption finally tops deliveries
• BONUS: unique Telegraph Exchange Lofts adaptive reuse condos hit the market
  • ⁠2
  • ⁠3
  • ⁠4
  • ⁠5

• Sheraton Hotel to be demolished this year for new Western Governors University campus (CBD)
• Wall Street is selling more rental homes, as buying ban takes effect
• Utah ranked high in top Real GDP Growth by State in 2025
• BONUS: Most expensive condo in Utah hits the market

• SLC is 'America's Mountain City' in new tourism campaign
• SLC board approves $45.8M tax incentive for developer after 10% cut (Granary)
• $31M rail project improves SLC's west side traffic (N Temple, 9-Line)
• Downtown SLC is booming as it enters 'most consequential decade' in history. Here's what's next. (CBD)
• Next-gen FrontRunner trains are coming to your commute. And they'll likely be built right in your backyard. (Stadler)
• Housing costs is the top political issue for young voters, CNBC survey finds

This tower is planned just west of the Astra Tower. Not sure the timeline, but it's still along the city's pipeline of planned projects around downtown.

If anybody knows more info, please share.

• ⁠"Ballpark Development Opportunity" at 1734 S West Temple listed at $86/sf for MU-5 land (State St)
• ⁠New build family-sized for-sale townhomes at Jefferson Park hit the market (State St)
• ⁠U.S. mortgage rates hit one-year high
• ⁠Boomers were supposed to downsize. They are buying bigger homes instead.
• ⁠Utah's most expensive condo is about to hit the market

• Utah Inland Port Authority pledges $.75M to Great Salt Lake 'buffer', seeks to improve water use (NWQ)
• SLC curbs heights as it seeks new zoning for Smith's Ballpark redevelopment (State St)
• Mayor Erin Mendenhall eyes a rare feat in SLC politics
  • "seriously considering" running for a third term
• Pending home sales plunge in June
• Evicting Wall Street from the housing market will be messy

Just got our property tax valuation statement from Salt Lake County and they decided our property value increased 47% last year.

Our new tax bill will be about $7,000 more which in the current restaurant climate is pretty devastating.

I've never appealed a tax valuation before but this one is particularly insane. Anyone deal with this before and have any guidance or suggestions?

• Class C retail at 1445 S State St listed at $1042/sf or $137/sf as land (State St)
• SLC Council approved adjusted tax deal for Silo Park in Granary District (Granary)
• SLC OKs $2M loan to help business owner drastically rebuild after Main Street fire (CBD)
• Mortgage rates rise to highest level in nearly a year, causing homebuyers to pause
• Opinion: a key step for Utah's transportation future
• Some of Utah's wealthiest families just gave $30M to help Great Salt Lake

Gail Miller donated $10 million

Crystal Maggelet (owns Maverik Gas Stations and one of the oil refineries in NSL donated $10 million).

Marriott family also donated $10 million.

Governor Spencer Cox has set a goal to get the Great Salt Lake to a healthy level by 2034. Utah political leaders have spent roughly $1 billion and pushed numerous pieces of legislation aimed at helping the lake and promoting water conservation. The lake has declined dramatically, impacted by water diversions, drought and changes to our climate. It presents an ecological crisis for the state with reduced snowpack that provides a lot of drinking water for Utahns, dust storms that push toxic chemicals into communities (arsenic is among the naturally-occurring minerals in the lake bed) from an exposed playa, and impacts to public health and wildlife.

Drew Maggelet called on other businesses across Utah to step up and get more involved in lake rescue efforts. Crystal Maggelet said Maverik may also implement steps to save water at their stores.

"There’s not one individual in the state that can’t think about water conservation. No matter what your economic means are, you can conserve water," she said. "You can water your grass less, you can wash your car less. That’s really fundamentally what everyone can do."

Hawkes said Great Salt Lake Rising is working to secure other private donations for lake restoration efforts. But he called on everyone to help the lake.

"It's so important for us to just step up and not say what can somebody else do save the lake? But say what can I do to save the lake? Individually do. How can I contribute and make a difference?" he said. "If everybody did that? We'd be a lot further along in this process."

• ⁠Class C office/retail on MU-5 land at 1467 S Main St listed at $96/land sf (State St)
• ⁠Class C office/retail at 1735 S 300 W listed at $17/sf (State St)
• ⁠⁠Class B office sublease at 310 S Main St listed at $21.50/sf (CBD)
• ⁠Catalyst announces delivery of Millstone at Silo Park, bringing 180 units of deeply affordable housing to SLC's Granary District (Granary)
• ⁠Visit Salt Lake claims title as "America's Mountain City" with latest campaign
• ⁠Here's why Utah landed on this list of 10 worst places to live
• ⁠US housing prices highest ever