We’re excited to announce the financing and commencement of construction of The Exchange’s first building, an $89M, mixed-use project to feature 286 apartments and over 14,000sf of retail space at 330 East 400 South in Salt Lake City. The project is a joint venture with Salt Lake City-based Giv Development.
With the first phase underway, the second will soon follow and include 126 unique, efficient “Smart Unit” residences and a second iteration of The Shop co-working space (the first of which is currently housed within the third and fourth floors of the Contemporary Arts Center in New Orleans). The Shop workspace will offer access to programming aimed at stimulating local entrepreneurship, small business development, and community engagement.
“We’re honored to officially become a part of the Salt Lake City community,” said Matt Schwartz, co-CEO of The Domain Companies. “The commencement of our first project in the city is a tremendous milestone for us, and we look forward to making a positive impact for years to come. We’re thrilled to take this first step, and grateful to our project partners and the Salt Lake City community for welcoming us.”
The building’s first two floors will feature more than 14,000sf of food/beverage- and service-related retailers, anchored by an international food hall and marketplace in partnership with the International Rescue Committee’s Spice Kitchen business incubator program. This announcement marks the beginning of The Exchange’s focus on public art, valuable residential and community amenities, and honoring the city’s surroundings through sustainable design, natural materials, and engaging local artists and artisans.
“This project demonstrates that through partnership we can have it all, and that [Salt Lake City] is a city for everyone,” said SLC Mayor Jackie Biskupski. “Once complete, approximately half of the units will be affordable; refugees will have space to share their business and culture as part of the Spice Kitchen incubator program; incubators will foster local business growth; and the building will introduce a state-of-the-art product to the market.”
Learn more about The Exchange here.