But 22-story tall buildings?
That’s a possibility, thanks to the city’s Transit Oriented Development being planned between UTA and developer LNC Financial.
It is due to rise on the 60 acres where the UTA Clearfield FrontRunner station is located, at about 1250 S. State Street (State Road 126).
Mayor Don Wood and the city council are due to hold a retreat Friday, Oct. 24, to further discuss the mammoth project with UTA and representatives of developer LNC Financial, City Manager Chris Hillman has told the Clipper.
“We hope to start construction next year,” he said, calling LNC a “very solid” developer, “very experienced” in both Utah and California.
“We’re hoping for buildout in 10-14 years,” the city manager said. “He’s (developer) doing it right and isn’t in a big rush.”
As currently envisioned, the project could include 1,300 residential units, 300,000 square feet of retail space and one million square feet of office space.
“Up to 22-story towers are proposed,” Hillman said, comparing the idea to “point towers” in Seattle, Wash., and Vancouver, B.C.
Hillman called it a “mixed use lifestyle center,” adding that “UTA has interest in quite a bit of residential” development as part of the project.
“They (LNC) plan to build the project in three phases, a third at a time,” said Carrie Bohnsack-Ware, UTA senior media relations specialist. “The tentative plan right now is to begin the first phase of construction during the summer of 2009.”
City officials are working to provide increment funding, and is “willing to create” an Economic Development Authority (EDA), having previously changed its general plan to accommodate the project.
An EDA is similar to a redevelopment agency (RDA), where the various area taxing entities, including Davis School District, the city, and others, agree to forego higher tax revenues anticipated to be generated when ncw construction is completed and leased, for a certain period.
Among the many details that have yet to be worked out is an agreement with all of those taxing entities.
“They (LNC) have hired an exceptional development team from Denver, who have a lot of experience in mixed use development. They’re doing it right,” Hillman said.
He called it a “world class destination. People will come from around the country to see how a TOD development should be. We want to create that, have people come to see what we’ve done.
“That’s our goal. There is a singular vision” between the city, UTA and developer, Hillman said.
“It will be the largest (development) in the county, will redefine Clearfield, put us on the map. Our whole strategy is to provide something unique, something different,” he said.
“Layton has captured the big box market, and Syracuse and West Point have the residential commercial market tied up. This is how we get to position ourselves.
“Clearfield is in a perfect position, next to Hill Air Force Base, the Freeport Center and Layton. There is a lot of pressure for urbanization, for mixed use centers,” he said.