Summary:
- Greystar filed to rezone a 5.33-acre site near the University of Utah from Institutional to Mixed Use 6, proposing a five-story student housing development with 345 units and 1,010 beds, including amenities like courtyards, a pool, and a rooftop lounge, aiming to meet growing demand near campus.
- The property, currently owned by Valley Behavioral Health and home to the Pingree Autism Center, is slated for relocation by 2028; Greystar’s application highlights city housing policies and transit access as justification for the rezone, while proposing community benefits through subsidized space for a nonprofit café employing people with disabilities.
- This project adds to a significant pipeline of student housing developments around the University of Utah, where over 2,000 new beds have been added recently, though market absorption remains slow with campus housing at 86% occupancy and concerns emerging about potential oversupply in the student rental sector.
Original article:
