Zephyr

The Opportunity

A Class A multifamily community in the heart of Salt Lake City's warehouse district. With the Gateway and Depot District immediately to the west, this area of Downtown may yet regain a vitality that it lost in the “slum-clearance” days of the 1950s and 60s.

The Solution

Clearwater Homes of Utah and Watt Investment Partners of Santa Monica, CA, will start construction in late summer on a 138-unit market-rate apartment project.

The project aspires to be “iconic, remarkable, and aesthetically enduring” – “a source of pride for the local community” according to the local developer, Clearwater’s Micah Peters.

Peters has developed Paragon Station on the same block, and also is under construction with the Paperbox project with PEG Development just behind the Zephyr Lofts site.