2-Exhibit B - The Point Future Development Outlook.pdf
PDF 8 MB Posted
- Attached to
- The Point - For-Sale Housing Developer/Builder
- Solicitation number
- RA26-157
- Issued by
- Salt Lake County, Utah
About this file
This is a development outlook document for The Point, a mixed-use master-planned development in Utah managed by The Point Partners, detailing the Phase I development strategy and project components. The initial 100-acre phase comprises six projects delivering 408 market-rate multifamily units, 400 affordable housing units, 175 hotel rooms, 111,000 square feet of retail space, and 30,000 square feet of office space, alongside a 5,000-seat entertainment venue called the Promenade, a 1,000-stall parking garage, and the State's Convergence Hall. Key project components include the Promenade with 5,500 linear feet of walkable streets and retail kiosks; a 104,000-square-foot, 5,000-capacity entertainment venue; Parcel H5A featuring 363 residential units with 42,000 square feet of retail; Parcel H3A with 45 residential units, 69,000 square feet of retail, 30,000 square feet of office, and a 1,000-stall parking garage; Parcel H5B incorporating a 175-room boutique hotel with 25,000 square feet of retail; and Parcel R1A delivering 400 affordable housing units in joint venture with Alta Bay Capital. Design progress varies across parcels, with the Promenade at 95 percent construction documents and anticipated groundbreaking within 60 days, the entertainment venue at 100 percent design development with Layton Construction onboarded for preconstruction, Parcel H5A at 50 percent construction documents with active capital raising, Parcel H3A at 100 percent schematic design with general contractor RFP in progress, Parcel H5B in active hotel operator negotiations, and Parcel R1A at 100 percent design development with a selected general contractor.
The project demonstrates significant market momentum with 18 retailers holding letters of intent totaling approximately 150,000 square feet, including four recognized soft goods retailers and twelve food and beverage operators ranging from 1,200 to 68,000 square feet. Office leasing inquiries span 90,000 to 300,000 square feet from sectors including technology, media, consumer services, education, financial services, biotechnology, and professional services, though additional market assistance with rental rates is needed to achieve office return targets. Active discussions continue with multiple hotel developers and operators for hospitality components, with deal structures evolving based on market conditions including ground lease pre-payment considerations. The broader master plan encompasses 600 acres designed for long-term community development with thousands of additional residential units and millions of square feet of commercial, retail, entertainment, education, and other uses. The development is coordinating simultaneously with the Convergence Hall construction and design teams to ensure aligned delivery timelines and create synergistic uses at the site.
View the file
Other files
On GovTribe
Work with this file
- Download the original file
- Contacts named in this file
- Similar government files
- Ask GovTribe AI about this file
Text version
The Point | 1Confidential and Not For Distribution
Quarterly Update The Point Partners March 2026
Agenda
Overview
The Promenade
Entertainment Venue
Mixed Use Project – Retail, Resi, Office
Mixed Use Project – Retail, Resi
Mixed Use Project – Retail, Hotel
Affordable Housing
Leasing & Partnerships
The Point | 3
DEVELOPMENT UPDATE
The Point | 4Confidential and Not For Distribution
Overview
The initial development will include 6-projects comprising 408 market rate multifamily units, 400 affordable units, 175 hotel rooms, 111,000 square feet of retail, and 30,000 square feet of office.
Combined with the 5,000-seat entertainment venue, the Promenade, a 1,000-stall parking garage, and the State’s Convergence Hall, the project is delivering the critical mass needed to create a sense of place that will attract retailers and visitors to the site on day one.
1 2
The Promenade1
Entertainment Venue Parcel W13
Mixed Use Project Parcel H3A
Mixed Use Project Parcel H5A
Affordable Housing Parcel R1A
Mixed Use Project Parcel H5B
The Point | 5Confidential and Not For Distribution
Public Realm
The Promenade
The Point | 6Confidential and Not For Distribution
Phase I will sit at the heart of a broader 600-acre master plan that will build upon TPP’s 100-acre initial phase.
The Promenade is the social heart of Phase 1 at The Point — a vibrant, walkable street designed for people to gather, shop, and connect.
Features:
• 5,500 linear feet of walkable streets and plazas
• 6 retail kiosks and pavilions
• Outdoor dining and social spaces
• Connections to Porter Rockwell Blvd, North Loop Rd, South Loop Rd, and River to Range
Updates:
• 95% Construction Documents complete
• Actively responding to permitting comments and coordinating agency review
• Anticipated groundbreaking: Next 60 days.
Public Realm
The Promenade
The Point | 7Confidential and Not For Distribution
Parcel W13
Entertainment Venue
The Point | 8Confidential and Not For Distribution
In the decades to come, the full master plan will be developed into a community housing many more thousands of full-time residents, and bringing millions of square feet of additional commercial, retail, entertainment, education, and other uses.
Phase I will sit at the heart of a broader 600-acre master plan that will build upon TPP’s 100-acre initial phase.
Entertainment Venue
The proposed 5,000-capacity venue is a purpose-built, mid-sized facility designed to accommodate live touring acts, corporate events, and a variety of community uses—including basketball, volleyball, and tennis.
Features:
• 5,000-seat capacity at 104,000 SF
• Flexible mix of seating including ground floor, suite level, and terrace level
Updates:
• Advanced from Schematic Design to 100% Design Development Drawings
• Contractor (Layton Construction) onboarded for preconstruction services
• Initial cost estimates tracking favorably against budget assumptions
Parcel W13
The Point | 9Confidential and Not For Distribution
Parcel H5A
Mixed-Use Project
The Point | 10Confidential and Not For Distribution master plan will be developed into a community housing many more thousands of full-time residents, and bringing millions of square feet of additional commercial, retail, entertainment, education, and other uses.
Phase I will sit at the heart of a broader 600-acre master plan that will build upon TPP’s 100-acre initial phase.
Parcel H5A is planned as a mixed-use development incorporating residential, retail, and dining with strong views and connectivity to the Promenade & River to Range.
Features:
• 42,000 SF of ground floor retail
• 363-residential units
• Rooftop amenity deck
Updates:
• Progressed from 50% Design Development to 50% Construction Documents
• Continued coordination across architecture, engineering, and site integration
• Capital Raising underway
Parcel H5A
The Point | 11Confidential and Not For Distribution
Parcel H3A
The Point | 12Confidential and Not For Distribution
In the decades to come, the full master plan will be developed into a community housing many more thousands of full-time residents, and bringing millions of square feet of additional commercial, retail, entertainment, education, and other uses.
Phase I will sit at the heart of a broader 600-acre master plan that will build upon TPP’s 100-acre initial phase.
Parcel H3A will deliver a smaller-scale, mixed-use component featuring residential units, office, retail, and food and beverage and a large district parking garage.
Features:
• 69,000 SF of retail
• 30,000 SF of office
• 45-unit residential
• 1,000-stall public parking garage
• Outdoor patio deck overlooking central green
Updates
• Advanced from Concept Design to 100% SD
• RFP for general contractors out preparing for preconstruction engagement to further pricing and design
Parcel H3A
The Point | 13Confidential and Not For Distribution
In the decades to come, the full master plan will be developed into a community housing many more thousands of full-time residents, and bringing millions of square feet of additional commercial, retail, entertainment, education, and other uses.
Phase I will sit at the heart of a broader 600-acre master plan that will build upon TPP’s 100-acre initial phase.
Parcel H5B will deliver ground floor retail fronting the Promenade and the Grove and will include a 175-key boutique , full-service hotel.
Features:
• 25,000 SF of retail
• 175-key hotel & amenities
• Parking garage
• Outdoor patio deck overlooking river to range
Updates:
• In active negotiations with hotel developer/operator partner on joint venture
• Advancing commercial terms and structuring framework
• Initial concept design underway
Parcel H5B
Alternate View
The Point | 14Confidential and Not For Distribution master plan will be developed into a community housing many more thousands of full-time residents, and bringing millions of square feet of additional commercial, retail, entertainment, education, and other uses.
Phase I will sit at the heart of a broader 600-acre master plan that will build upon TPP’s 100-acre initial phase.
The Point Partners will joint-venture with Alta Bay Capital in delivering on the affordable housing goals of The Point.
Features:
• 400-units of affordable housing
• Adjacent to mobility hub and interior green belt
Updates
• Advanced from Concept to 100% Design Development
• General contractor selected and engaged for preconstruction planning
Parcel R1A
Affordable Housing
The Point | 15Confidential and Not For Distribution
Phase I will sit at the heart of a broader 600-acre master plan that will build upon TPP’s 100-acre initial phase.
Leasing & Partnerships
Retail Leasing:
• Letters of Intent from 18 retailers
• 4 are well recognized soft goods retailers
• 12 are food and beverage retailers including several chef-driven restaurant concepts
• Retail tenant sizes range from 1,200 SF to 68,000 SF totaling approximately 150,000 SF of retail Letters of Intent
Office Leasing:
• Tenant requirements range from 90,000 SF to 300,000 SF;
multiple potential deals in 100,000–150,000 SF bracket
• Market sectors include Technology, Media, Consumer Services, Education, Financial Services, Biotechnology, & Professional Services
• Still need some market assistance with rents to move provide a return on office.
Hospitality Development:
• Active discussions with several reputable hotel developers
& operators for a 150-unit hotel in Phase 1
• Deal structure evolving based upon the market including discussions around ground lease pre-payment
Convergence Hall/Nucleus:
• Regular coordination with convergence hall design and construction team
• Working together to deliver buildings in simultaneously
CONVERGENCE HALL
| 2026.03.11_The Point_Update Presentation.pdf |
| Slide 1 |
| Slide 2: Agenda |
| Slide 3 |
| Slide 4 |
| Slide 5 |
| Slide 6 |
| Slide 7 |
| Slide 8 |
| Slide 9 |
| Slide 10 |
| Slide 11 |
| Slide 12 |
| Slide 13 |
| Slide 14 |
| Slide 15 |
| Slide 16 |
| Convergence Hall.pdf |
| Slide Number 1 |
| Slide Number 2 |
| Slide Number 3 |
File details come from the government source that posted it. Updated .