Triiio Renewal mixed-use project
A 69-unit mixed-use building with about 13,400 square feet of commercial space and a corner bistro in the Downtown project area. The Redevelopment Agency approved a $250,000 payment from the affordable housing fund on October 5, 2021.
- Where it stands
- Approved
- Type
- Development agreement
- Location
- Northeast corner of 300 South and 100 West
- Homes
- 69
- Applicant
- Triiio Group, LLC
Every hearing and vote
September 21, 2021 · City Council
Triiio Group agency assistance, Resolution 21-49 RDA (workshop)
Discussed
Economic Development Director Kirk Jensen presented a proposed $250,000 payment from the agency's affordable housing fund, due on completion, for a 69-unit mixed-use project with about 13,400 square feet of commercial space at 300 South and 100 West. Council Member Amy Anderson raised a letter questioning the use of moderate-income housing funds for market-rate housing; Jensen said state law allows it in project areas with a blight finding. Developer Michael Jewell said low-income housing tax credit projects are highly competitive in Utah.
October 5, 2021 · City Council
Triiio Group agency assistance, Resolution 21-49 RDA (Redevelopment Agency, public hearing)
Approved · 4-0
Sitting as the Redevelopment Agency, the council approved $250,000 from the affordable housing fund, payable on completion, for the Triiio Renewal mixed-use project at 300 South and 100 West: 69 units, about 13,400 square feet of commercial space and a 1,200-square-foot corner bistro. Bronwyn O'Hara asked what 'affordable' means for the project; John Shivik preferred funds go to affordable housing. Simmonds said the city rarely receives such proposals and unused funds revert to the state. Developer Michael Jewell described the difficulty of winning tax credits.