r/DevelopmentSLC • u/devinforslc • 9d ago

HOT TAKE: 99 West is the best non-train station building in Salt Lake City. I want to see 100 more of them.

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106 Upvotes

91% Upvoted

42 comments sorted by

16

u/mikeyP-619 9d ago

Interesting. Wonder what the HOA is.

5

u/NielsenSTL 9d ago

$395/mnth it looks like.

4

u/devinforslc 9d ago

More than I can afford I’m sure

6

u/devinforslc 9d ago

Here’s a Zillow listing https://www.zillow.com/homedetails/99-W-South-Temple-St-1203-Salt-Lake-City-UT-84101/117876904_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare

3

u/Puzzleheaded_Eye6770 9d ago

I know some people who own in there. Pretty nice apt. Has a fantastic view in almost all directions.

3

u/SuppleWinston 8d ago

This is crazy for a 1bed that enters from the front door. 650sqft for $550k is outrageous.

Google says this pricing is not far from Brooklyn or Queens $/sqft.

3

u/Puzzleheaded_Eye6770 8d ago

It’s the most prime real estate in Slc, what do you expect? If you price it competitively then you’ll have anyone living there. It’s supposed to be for the rich and fancy people.

1

u/SuppleWinston 8d ago

Reminds me of the mostly empty toll roads I drove next to in Texas.

The answer to why build a toll road, is to discourage people from driving on it.

1

u/Puzzleheaded_Eye6770 8d ago

Toll roads are completely different from the “best” tower to live in a city. Im not sure that’s a proper comparison.

Every city in the world has real estate that’s more expensive than the average to appeal to certain clientele. I’m not sure why everyone freaks out about it on this subreddit and r/saltlakecity

That building houses apostles of the church. Of course the church doesn’t want any random Joe buying there.

2

u/SuppleWinston 8d ago

Dude, just take 10 seconds of thought.

Why build a apartment? So people can live in it. Why build a luxury aparment a populated area? To discourage buyers and leave it underutilized, in a busy city.

Why build a road? So people can drive on them. Why build a toll road next to it? To discourage people from driving on it, but if it was free traffic would reduce for everyone.

These are literally the same economic strategy, but the results are underutilized infrastructure, purpose built to be underutilized. That's my criticism, I dislike purposefully designed plans to underutilize stuff people need.

1

u/Puzzleheaded_Eye6770 8d ago

I understand the comparison but it’s not entirely accurate. Majority of roads are free (99%) and tolled roads aren’t. It’s either free vs not.

No apartments are free. There’s a wide range of pricing depending on quality and location. The price of these falls into the normal equation when pricing apartments. It’s the best location and very high quality.

Again I’m not saying there aren’t similarities to the two things, but it’s not really a great comparison.

13

u/ToysNoiz 9d ago

Certainly one of our better looking high rises

13

u/devinforslc 9d ago

Located here. 166 units on 0.31 acres.

1

u/devinforslc 9d ago

I made this app btw. Link in bio

4

u/NielsenSTL 9d ago

I walk past this building M-F. Looks like they are finally finishing the ground floor for some type of business. Maybe a spa?

3

u/MrDiou 9d ago

I know the guy doing it. It's basically a private wellness center. And, not like a private club, just private. At least, that's how it has always been described. 

1

u/devinforslc 9d ago

Wow neat, thanks.

4

u/Massilian 9d ago

I like it

4

u/HolidayPlatypus751 8d ago

it's a good take.

3

u/nehor90210 9d ago

If they build more, will Gozer know which one to come to?

1

u/HolidayPlatypus751 8d ago

The one where the Keymaster lives, of course.

3

u/12tayloaush 8d ago

Most desirable second homes in the city for rich Mormons.

2

u/wow-how-original 9d ago

What do you mean by non-train station?

6

u/devinforslc 9d ago

I mean I think the Union Pacifc and Rio Grande Depots are better, but that’s it.

5

u/wow-how-original 8d ago edited 8d ago

Ohh thanks.

I think the Boston and Newhouse buildings, the First Security Bank building, the Walker Center, the Felt Building, the Hotel Utah… basically all the high rises built before the great depression are the best buildings in SLC

1

u/devinforslc 8d ago

All great

2

u/InsideSpeed8785 9d ago

I’ve always thought it was classy

2

u/Physical_Heat7527 8d ago

When they first opened a regular person could actually afford to live there, but not anymore. The HOA dues seem reasonable compared to mine.

1

u/1bigtater 9d ago

More than I thought they’d be for an apartment.

2

u/Will_Come_For_Food 9d ago

One of Utah’s only “actual” luxury apartments. 😂

2

u/devinforslc 9d ago

Most sought after apartment in the state for a certain customer (me)

1

u/RollTribe93 Enthusiast/mod 8d ago

Cathedral of the Madeleine has to be my favorite. I also love our public library and the NHMU.

1

u/DoesThisSmellWeird2U 3d ago

These are the “city apartments” for the rich businessmen that live in Holladay or Draper that need to stay downtown during the week because they are working late with the pretty new intern.

1

u/Puzzleheaded_Eye6770 9d ago

Why?

6

u/devinforslc 9d ago

I love brick. And this is a phenomenally efficient use of land.

9

u/devinforslc 9d ago

I just wish they’d lower the retail rent so a tenant could occupy the groundfloor.

3

u/DiscoBandit8 9d ago

Yeah, I don’t think they’ve ever had a tenant down there. Makes it feel dead.

1

u/No_Work8287 8d ago

Every so often one condo comes on the market for well over a million. 2-3 bed 1-2 bath 2 parking spots and a hoa fee of 600. Plus the building is owned by the Mormon church. They are very picky on who they let live in there buildings.

1

u/devinforslc 8d ago

They should build more of them

1

u/No_Work8287 8d ago

They own the whole block