Saturday, November 13, 2010

New businesses keep coming to downtown Salt Lake developments

A Salt Lake commercial broker puts is simply: "In the last year or so, the buzz has definitely gotten louder and we do think that will continue." Vasilios Priskos, owner of Salt Lake based InterNet Properties Inc., is talking about the effect of the giant City Creek project downtown. It's been visible for a long time now, and as it starts taking shape, the questions come up as to how it will affect surrounding businesses.

Retailers large and small, inside the state and out, are now starting to focus in on Salt Lake City and its "new kid on the block." Priskos, who's been a part of Salt Lake's changing skyline for more than three decades, said, "We have a lot of new small business owners who have opened in downtown. But not until recently have we had such a demand, or inquiries should we say, from national tenants." In the past year, nearly 40 new businesses opened in the downtown area — and more are on board for next year. Deseret News