Check out market updates

McWhinney begins leasing Salt Lake micro apartments

LOVELAND and SALT LAKE CITY — Developer McWhinney Real Estate Services Inc. has begun leasing micro apartments in one of two high-rise towers in Salt Lake City that the company referenced in a press announcement in September 2021. 

McWhinney is working with residential brand Common on the project. The towers were formerly operated as a hotel. The building is now known as Lattice and is located at the intersection of the Downtown and Granary neighborhoods. BizWest previously reported that McWhinney raised $11 million for projects at the Granary.

“Opening the doors on these new micro units in the Salt Lake City market is an important opportunity for us to help alleviate the city’s growing demand for attainable housing options as we seek to grow our real estate portfolio in Utah,” Krista Springer, McWhinney’s executive vice president of commercial and mixed use development, said in a written statement. “Our team is hard at work on detailed design and development plans for the property near the building, but we did not want to delay in making these residences available through a fast-tracked process.”

After being selected by McWhinney and its development partner, RL Group, to manage the building this year, Common has now begun to market the 184 residences for short- and long-term leases. Lattice will be the first collaboration between McWhinney and Common, as both organizations plant flags in Utah’s capital city, the company statement said. Applications are now available for move-ins starting as early as next month, with rent starting at $1,225 per month.

“The prospect of reutilizing and reimagining an existing building really drew us to this project site, as it aligns perfectly with our sustainability goals,” said Chad O’Connor, senior development manager for multifamily for McWhinney. “With the trend toward smaller apartments in urban environments, converting former hotel rooms into long-term rental units made a ton of sense for this community,” he said.

Lattice will include studio apartment residences, paired with amenities that include a resident lounge, fitness center, bike storage, conference room, co-working space, and a dining room event space for resident use. Fifty-six of the 184 residences will be furnished and leased for short- or long-term periods, making them suitable for seasonal visitors and corporate use.

Source: BizWest