Unico Announces Sale of Prime Development Site in Salt Lake City's Central Business District

2.32-acre site offers rare D1 zoning, enabling significant redevelopment potential

SALT LAKE CITY (Nov. 29, 2023) - Unico Properties, a subsidiary of Unico Investment Group LLC, is pleased to announce the recent sale of Block 200, a 2.32-acre development site in the heart of Salt Lake City. Zoned D1, the Central Business District site offers an exceptional opportunity for development or adaptive reuse with prime corner visibility along the city's primary transportation corridor at 200 South Street.

"Salt Lake City remains a desired market for developers. The transaction represents a strong execution despite the challenges presented by the capital markets," said Brian Pearce, Executive Vice President with Unico Properties.

Located on the northeast corner of 200 South 200 East, the land includes a parking lot to the north, spanning approximately 1.03 acres, and a vacant data center with 305,000 rentable square feet on approximately 1.29 acres to the south. The data center includes six stories with the potential to add two more. The structure features rectangular floor plates of approximately 50,000-square-feet, ceiling heights ranging from 16'4″ to 17'7" and provides panoramic views of downtown Salt Lake City. Options for development include the flexibility to redevelop the site entirely or utilize the data center structure for adaptive re-use, potentially incorporating uses such as loft-style apartments, incubator lab space, or life sciences facilities.