Holladay Hills Block D
Seven-story Block D building on the former Cottonwood Mall site; appeal rejected February 2020 and building permit fees were high in early 2021.
- Where it stands
- Under construction
- Type
- Site plan
- Location
- Holladay Hills, former Cottonwood Mall site
- Applicant
- Millrock Capital and Woodbury Corporation
Every hearing and vote
February 6, 2020 · City Council
City manager report
Discussed
Staff is preparing to sell the Cotton Bottom property and a site plan may go to the Planning Commission in early March. Final site approval for Block D of Holladay Hills was delegated to the Technical Review Committee and granted.
February 26, 2020 · City Council
Appeal of final site plan approval for Block D, Holladay Hills
Denied · 6-0
A nearby resident appealed approval of a seven-story Block D, arguing the 2007 Site Development Master Plan allows four or five stories and that residential square footage exceeded the plan's maximum by about 35%. The developers, Millrock Capital and Woodbury Corporation, bought the site from Howard Hughes Corporation and said they had invested tens of millions of dollars. Council members debated whether the story limits or the 90-foot height limit controls and the meaning of a "/" in the plan; the city attorney noted ambiguity in a regulation is construed in favor of the property owner, and the mayor said the 90-foot limit controls. The motion rejected the appeal and directed that a written decision be prepared.
- Applicant: Millrock Capital and Woodbury Corporation
- Height limit cited: 90 feet
- Residential units cited: 614 (minutes say they need not be placed in Block D)
- Staff, Technical Review Committee and Planning Commission found the plan compliant
March 4, 2021 · City Council
City manager report: finances, legislation and raccoon program
Discussed
Through January 31, property tax receipts were 97.1% of budget, sales tax 53.5% at five months, franchise tax about 33.7% and intergovernmental revenue 85.9%, driven by CARES Act funds; building permit fees were high mainly due to Block D of Holladay Hills. A transportation funding bill gives Holladay about $300,000 a year for 15 years, about $4.5 million. The city will not continue its raccoon program, which trapped 101 raccoons in five years at about $7,000 a year. Salt Lake County moved to moderate COVID-19 transmission risk.
April 14, 2022 · City Council work session
Work meeting: bond project update and Holladay Hills agreement
Discussed
Direction was to proceed with the bond at the originally anticipated amount; the minutes cite both $18 million and $19 million at different points. Staff reviewed proposed changes to the tax increment, site development master plan and Agreement for Development of Land (ADL) for Holladay Hills, to be considered later. The minutes mention a tax increment base value of $34 million, compared with a 2008 assessment of $41 million, and stormwater projects of about $10 million.
March 6, 2025 · City Council
Public hearing: fiscal 2024-25 budget amendments (second amendment)
No action
The amendment adds $44,311 from fund balance for two part-time positions (about $115,000 a year going forward), $3,000 in arts grants and a $10,000 arts fund balance appropriation ($5,000 for Holladay Theater Company and $5,000 for a seasonal arts coordinator), a $22,500 Salt Lake County TRCC grant for a City Hall auditorium design study with a $2,500 city match, a $550,000 interest increase in capital projects, $350,000 for Murray Holladay Road signal reconstruction tied to the Royal Holladay Hills development agreement, and a $330,299 stormwater fund balance increase. No public comments.
March 20, 2025 · City Council
Ordinance 2025-04: fiscal 2024-25 budget amendments
Approved · 5-0
Includes $350,000 for the Murray Holladay Road signal reconstruction near Royal Holladay Hills. The city manager suggested directing staff to enter an agreement with the developer to repay that amount, and Council Member Brewer's motion included that direction.
April 17, 2025 · City Council
Resolution 2025-07: traffic signal at 1925 East Murray Holladay Road
Approved · 6-0
Interlocal agreement with Salt Lake County for traffic signal installation.
June 12, 2025 · City Council
Cottonwood Mall urban renewal area overview (work meeting)
Discussed
The city manager said the 2008 taxing entity committee approved 75% of property tax increment and 75% of the city's point-of-sale sales tax for project costs, a $122.5 million increment cap, 100 affordable units at 80% of area median income and a $96.3 million maximum property tax contribution; a 2021 law change extends the area through 2038. As of the meeting, 250 homes were built, 50 under construction and 105 entitled; office space was about 25% of the 100,000 square foot requirement and retail about 20,000 of 60,000 square feet. The mayor said the RDA board can change requirements administratively.
August 7, 2025 · City Council
Resolution 2025-20: memorandum of understanding for Royal Holladay Hills tax increment (amended)
Approved · 6-0
The city is pre-funding the Murray Holladay Road and Channin Street traffic signal because tax increment is not flowing as expected, with reimbursement intended through tax increment. The motion corrected the location and added interest on amounts owed at the public treasurers' investment fund rate.
November 6, 2025 · City Council
Work meeting: affordable housing at Holladay Hills
Discussed
The 2008 area requires 100 units at or below 80% of area median income, 50 of which were delegated to the developer for 20% of increment. The new proposal would commit all 100 units in Block D in exchange for that 20% plus $2.5 million from the RDA ($500,000 from Cottonwood Mall increment and $2 million from reserves). The mayor questioned the termination paragraph and a $3 million increment reference. Council Members Gray and Fotheringham were supportive of the concept and use of funds.
December 4, 2025 · City Council
Work meeting: affordable housing agreement, Holladay Hills Block E
Discussed
The developer proposed moving affordable units from Block D to undeveloped Block E to the south, with five more years of deed restriction, a lien and interest if units are not delivered; schematic drawings due June 2026. Four open items remain. The mayor suggested a hearing Dec. 11 and a vote Dec. 18. No vote.
December 11, 2025 · City Council
Public hearing: Royal Holladay Hills affordable housing agreement (Block E)
Continued
The 2008 master plan and development agreement require 100 affordable units funded partly by tax increment. Developers first planned them in Block D and asked to move them to unbuilt Block E. Terms include a $2.5 million item with interest-reduction language and $2 million of Millrock project area funds to be spent by May 1, 2029, schematics agreed by June 30, 2026 and construction start by May 1, 2028. Mayor Dahle said the city cannot force developers to meet residents of another block; Council Member Fotheringham said the council preferred Block D but wants to accommodate the change; Council Member Gray said the 25-year term was a miscommunication and the agreement keeps 20 years. The hearing was left open and carried to the next meeting.
December 18, 2025 · City Council
Continued public hearing: Royal Holladay Hills affordable housing agreement
No action
Hearing closed after comments from two owners and the developer. The council also had letters dated Dec. 11 and Dec. 17.
December 18, 2025 · City Council
Resolution 2025-37: agreement among the city, Redevelopment Agency of Holladay and KMW Development relating to affordable housing at Royal Holladay Hills
Approved · 6-0
The city requires 100 units, moved from Block D to unbuilt Block E. Mayor Dahle said homeowners association and amenity issues are not city matters. Council Member Fotheringham said the $2.5 million city loan is restricted, is forgiven as units are built and deed-restricted and is callable if they are not delivered, and that he would consider later amending the agreement to use Block D for 80% area median income units. Council Members Brewer, Durham and Quinn said a 30-day delay would not change the city's obligations or the structure; Council Member Gray hoped the developer would work with Block D residents.
- Applicant: KMW Development, LLC
- 100 affordable units at or below 80% of area median income
June 4, 2026 · City Council
Work meeting: Block E affordable housing schematic
Discussed
The agreement requires 100 affordable units and a June 30, 2026 schematic milestone. The developer proposed raising unit sizes from about 730 to 750 square feet to 830 to 850 and adding a two-bedroom concept. Mayor Fotheringham supported the change but stressed the timeline.
June 11, 2026 · City Council
Resolution 2026-20: amend affordable housing agreement with KMW Development, Royal Holladay Hills
Pending
Amends the affordable housing agreement.