Chicago Street Apartments

Chicago Street Apartments

Salt lake city, UT
Available
  • Property Type: Equity Solutions
  • Property Size: / 0.56 Acres / 143 Units

Overview

On behalf of Manifest Development (the "Developer"), Capstone Equity & Structured Finance is pleased to present a Co-GP & LP equity investment opportunity to support the development of Chicago Street Apartments: a to-be-built, 143-unit, 5-over-1 podium constructed apartment community in the North Temple District of Salt Lake City, UT. This Class A community will feature modern interiors, top-of-the-line amenities, and a tranquil street with mature trees and community park. The site benefits from the Qualified Opportunity Zone status as well as an expedited entitlement process from the growth-oriented Transit Station Area (TSA) zoning and scoring process, which has already been submitted by the Developer. The North Temple submarket has received significant public and private investment over the past 5 years and is just the beginning of a wave of development that will transform the entire North Temple corridor into a boulevard street that is a “gateway” into Downtown Salt Lake City. Further, multi-family fundamentals in Salt Lake City are forecasted to remain extremely robust, with out-of-state investment pouring into the market, creating significant economic tailwinds for incoming investors to capitalize on.

Investment Highlights

Excellent Site Profile with Beneficial TSA Zoning In-Place

Dynamic and Expanding Submarket with Excellent Leasing Fundamentals

Excellent Proximity to Downtown SLC, Airport, Public Transportation, & Recreation

Major Nearby Developments

Exceptional Salt Lake City Multi-Family Fundamentals

Located in a Qualified Opportunity Zone

Serene Neighborhood Environment

Contact Information

Bryse Toothaker Director P: 704.727.2926
O: 800.746.3175 ext. 703
bryse@capstone-companies.com
Charlie Rimkus Associate Director P: 949.923.5542
O: 800.746.3175 ext. 784
crimkus@capstone-companies.com
capstoneapts-logo