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On Sept. 9, attendees broke ground on the 19-acre 12th Street Exchange project at the Slaterville Marriott. February 29, 2022. From left to right, Brad Slater of Marriott-Slaterville City Council, Brent Bailey of contractor EK Bailey, Mike Medina of Mountain West Commercial Real Estate, Daniel Thomas of St. Scott Gifford. John Properties and former Utah Economic Development Officer Val Hale.
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On Sept. 9, attendees broke ground on the 19-acre 12th Street Exchange project at the Slaterville Marriott. February 29, 2022. After that, from left to right, Brad Slater of Marriott-Slaterville City Council, Brent Bailey of contractor EK Bailey, Mike Medina of Mountain West Commercial Real Estate and Daniel of St. Petersburg Thomas. John Estates.
Tim Vandenack, Standards Examiner
On Sept. 9, attendees broke ground on the 19-acre 12th Street Exchange project at the Slaterville Marriott. February 29, 2022. From left to right, Brad Slater of Marriott-Slaterville City Council, Brent Bailey of contractor EK Bailey, Mike Medina of Mountain West Commercial Real Estate, Daniel Thomas of St. Scott Gifford. John Properties and former Utah Economic Development Officer Val Hale.
MARRIOTT-SLATERVILLE — As the local economy expands, industrial space is at a premium, limiting the expansion of the industry.
Only 1.6 percent of the roughly 50 million square feet of industrial space in Weber and Davis counties is vacant, said Chris Roybal, director of the Northern Utah Economic Union, which promotes economic development in both counties. “That’s how tight our industrial markets are,” he said.
But now at least you can breathe a sigh of relief. Developer St. John Properties broke ground last week on a planned 19-acre commercial community near the southern intersection of Interstate 15/1200 in Marriott-Slaterville, where alfalfa was once grown.
The planned development — known as the 12th Street Exchange — is for office, warehousing, retail, some manufacturing, light industry, and more. The project is one of several initiated in St. Petersburg. John of Utah.
The Baltimore, Maryland-based company has a national portfolio of about $4.5 billion worth about 22 million square feet. John’s regional partner in Utah.
Tim Vandenack, Standards Examiner
On Sept. 9, attendees broke ground on the 19-acre 12th Street Exchange project at the Slaterville Marriott. February 29, 2022. After that, from left to right, Brad Slater of Marriott-Slaterville City Council, Brent Bailey of contractor EK Bailey, Mike Medina of Mountain West Commercial Real Estate and Daniel of St. Petersburg Thomas. John Estates.
“About $1 billion of that is in Utah, and that’s just the last six or seven years,” he said at the Marriott-Slaterville ceremony last Thursday. “We’re just getting started. There’s a lot of opportunity here.”
stone. John’s other properties in Utah are located in Pleasant Grove, Springville and Taylorsville. Driven by strong economic growth on the Wasatch Frontline, the new Marriott-Slaterville hotel is the company’s first in Weber County. The company plans to invest about $50 million in the project, which will initially cover about 170,000 square feet across five buildings. The first structure should be completed by the end of 2023.
When completed, the Marriott-Slaterville is unlikely to attract heavy industry clients like Ogden Commercial Warehouse in Ogden or the Freeport Center in Clearfield, both of which are much larger than St. Petersburg. John Project. Thomas envisions light industry, R&D, and other less intensive uses, leveraging the ability to tailor the space clients seek in new locations to meet their specific needs.
“The front is the office and the back is the warehouse,” Thomas said.
There will be two retail spaces at the front of the development, which may house restaurants or offices. Roybal suspects that small businesses seeking 10,000 to 40,000 square feet will use the 12th Street Exchange, and clients with less than 100,000 to 200,000 square feet will sometimes seek larger locations.
Last week’s ceremony was attended by former executive director of the Utah governor’s Office of Economic Development, Val Hale, charged with promoting business growth in the state. “What’s happening here is exciting. It’s amazing to see continued growth across the Wasatch front,” he said.
Roy Barr doesn’t think St. John won’t have a big problem filling the new space in Marriott-Slaterville. “We need to continue to give companies a place to call home,” he said, because if Weber County doesn’t develop the space, the company will look elsewhere.
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