Throughout 2017, Orem grew in two major areas: retail and housing developments.
“We have a lot of amenities in Orem as far as shopping and restaurants and parks,” said Ryan Clark, Orem’s economic development division manager. “Those amenities make it attractive as a location where people want to live. I think that is what has driven the multi-family because we’re known as a place to raise families. We have a low crime rate and good schools here and it’s just a good family environment. Multi-family homes have been very hot due to the housing situation and the shortage of single-family homes.”
Orem will continue along the line of retail and housing growth, but it will also seek to add new office spaces in 2018.
“We’ll continue to see the retail expand,” Clark said.
Much of the growth Orem will see surrounds development plans at University Place. Nearly three years into the multi-phase project that has transformed the former University Mall into University Place, 2017 proved a productive year for the 1.77 million square foot regional shopping center. Woodbury says the company is currently in the beginning of the second phase of the project and that multiple smaller phases are currently in production.
“We think we are poised to hopefully be doing a lot more as we continue to work with the office and Utah builders,” said Arthur Woodbury, vice president of Woodbury Corporations.
Currently, Woodbury Corporations isn’t announcing any specific new restaurants or stores, but Woodbury promises they are “constantly meeting with potential retail tenants.” As for the highly-anticipated Trader Joe’s, Woodbury says rest assured, “Building is moving along and it’s there and happening.” However, the corporation can’t announce any specific dates at this time.
Plus, University Place will add 70 higher quality apartment units in a seven-story building as well a 200-stall parking garage west of The Orchard in 2018. (Read more about University Place’s 2018 plans here.)
Besides construction at University Place, Orem has multiple other buildings under construction in other developments. Midtown 360 will work on its next two phases, building more underground parking and constructing the swimming pool and basketball court. Plus, Midtown 360 will be adding new business tenants towards the beginning of the year, including a pancake and steakhouse.
Orem’s Cafe Rio will be moving from its location on State Street to the former Chuck E. Cheese’s building on Center Street. This move, Clark says, will provide more space and more parking for the popular Utah restaurant chain.
As for construction at UVU, there are multiple projects in the works. Clark says the Utah Valley University bridge — a pedestrian bridge which will connect the Orem FrontRunner station to UVU’s campus — should have construction started by the end of 2018. The pedestrian bridge is currently in the designing stage.
The bridge, about a half mile long, will pass over the Union Pacific and FrontRunner tracks, Interstate 15, some private property, 1200 West and end at the L14 parking lot, aka the lot just south of the track. It will be 16 feet wide, and have lanes for pedestrians and cyclists, said Frank Young, UVU’s associate vice president – facilities. In addition, it likely will have some UVU branding on it.
Click on the numbers below to see what is happening in a few Utah County cities, or click the city name to jump to a specific city: