The Gateway (Salt Lake City)
_-_294.jpg) The Gateway in 2021 | |
 | |
| Location | Salt Lake City, Utah |
|---|---|
| Coordinates | 40°46′07″N 111°54′14″W / 40.7685°N 111.9038°W |
| Opening date | November 2001 |
| Developer | The Boyer Co. |
| Owner | Vestar Development Co. |
| No. of stores and services | 105+ |
| Total retail floor area | 650,000 SF |
| No. of floors | 2 |
| Website | http://www.shopthegateway.com |
The Gateway is a large, open-air retail, residential, and office complex in Salt Lake City, Utah, United States. It is centered on the historic Union Pacific Depot on the west side of Downtown Salt Lake City between 50 North and 200 South streets and between 400 and 500 West streets. Rio Grande Street has been the site of many special events and becomes a one-way street and heads north through the center. The center has featured as many as 89 outlets, but recent changes have allowed the center to provide new retail shopping experiences like and become more of a social gathering place centered on dining and nightlife.[1]
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In the northeast corner, a seven-story 230,000 sq ft (21,000 m2) office tower for more than 1,200 employees was completed in 2007 for the sole occupancy of Fidelity Investments.[2][3][4]
By 2014, the center's occupancy rate had fallen. Several major tenants such as Apple moved half a mile east to the newer and more centrally-located City Creek Center, opened in 2012 by the Church of Jesus Christ of Latter-day Saints.[5]
Retail Properties of America valued the center to $75 million in 2014 and projected further decline.[6] Previous efforts to stabilize and sell the center failed. Some of the outdoor areas were upgraded, and nearby development projects were planned.[1]
In 2016, The Gateway was sold to the commercial real estate company Vestar. The company planned initially to renovate the center for $30 million. Ultimately, $100 million was invested by Vestar.[7][8] Vestar restored the area's popularity and increased security, lowering crime by 79% and expecting crime to lower even further.[9] The downtown shelter located on Rio Grande Street has also seen improvement because of the mall's new management.[10]
The Megaplex Theatres at The Gateway served as a venue for the Sundance Film Festival in 2023.[11]
In 2021, the W.O.S.B Collective (Women-Owned Small Business Collective) was founded, providing a unique shopping experience at The Gateway. This boutique and gallery offers exclusive and internationally sourced products, including clothing, swimwear accessories, gifts, and local art, that showcase women-owned businesses from across the globe in one location.
References
[edit]- ^ a b Semerad, Tony (January 15, 2015). "Slump deepens at Salt Lake City's Gateway mall". The Salt Lake Tribune. Retrieved January 17, 2015.
- ^ Wallace, Brice (August 5, 2005). "Fidelity to build at Gateway". Deseret News. Retrieved March 4, 2020.
- ^ "Koch Mechanical - Fidelity Office Building at the Gateway". www.kochmech.com. Retrieved March 4, 2020.
- ^ "Fidelity Investments Regional Headquarters". Boyer Company. Retrieved March 4, 2020.
- ^ "Slump deepens at Salt Lake City's Gateway mall". The Salt Lake Tribune. Retrieved March 3, 2020.
- ^ Ed, Ed. "Struggling Salt Lake City Mall". Business website.
- ^ Gateway, The. "Company buys Gateway Mall". KSL.com. Ed.
- ^ Nguyen, Rosie (October 15, 2018). "In Focus: Has Operation Rio Grande helped revitalized the Gateway Mall?". GOOD4UTAH. Retrieved December 13, 2018.
- ^ "Salt Lake mall's owners report 'dramatic' crime drop, urge Utahns to come back". www.ksl.com. April 2, 2019. Retrieved April 3, 2019.
- ^ "Salt Lake mall's owners report 'dramatic' crime drop, urge Utahns to come back". www.ksl.com. Retrieved April 3, 2019.
- ^ Roka, Les (January 18, 2023). "Sundance 2023: Making the Utah production stage ready for film: State's cinematic industry made big strides in 2022". The Utah Review. Retrieved January 20, 2023.
External links
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