Friday, February 1, 2013

Cottonwood Mall plans are alive, barely, as nearby stores languish

In May 2008, retail developer General Growth Properties held a groundbreaking ceremony to launch the building of a sprawling new shopping center, office space and condominiums where the old Cottonwood Mall once stood in Holladay.

Nearly five years later, there still is no new massive 54-acre development —just a 54-acre crater of weeds, brush and now snow that cover what in the early 1960s was the state’s first indoor shopping center.

With foot traffic down in their stores and frustration building by the day, merchants big and small in shops that surround the long-stalled project have been waiting for any sign of movement. As another new year dawns, there’s still nothing concrete just yet, but Holladay city officials say they’re heartened by recent signals from the developer that things are finally moving forward, if only slowly.

Amid all the disappointment, Holladay City Manager Randy Fitts is hopeful that another five years won’t go by before merchants, residents and others see progress made on the $550 million project, whose mixed-use features of retail shops, office space and condos would make it similar to The Gateway or the City Creek development in downtown Salt Lake City. The proposal calls for 617,000 square feet of stores, 226,000 square feet of office space and 614 residential units. Salt Lake Tribune