The project will also include 10 residential units on three levels to the west, replacing a lumber yard that will be razed.
To the north of the lumber building, meanwhile, a three story structure will be built, the first floor containing retail shops and the upper two floors residential area.
The city council approved the 170 S. Main project, four to one. Council member R. Fred Moss voted against approval, expressing concern that there were too few parking spaces.
However, he did voice overall support for the project.
City Planner Aric Jensen noted there are 30 on-site parking spots, with some spots potentially used to accommodate business customers on weekdays, residents at night.
There are also seven parking stalls to the front of the Bountiful Lumber building, via Main Street angle parking, plus many other parking areas on adjacent streets.
“We are hoping we can start preliminary demolition of the (lumber) sheds this month or by early September,” said project owner Brian Knowlton.
As previously noted in the Clipper, Deseret Health Group will be moving their corporate headquarters from Centerville to occupy the 5,600 square-foot main level of Bountiful Lumber.
“They’re very committed to maintaining the historical significance of that building, to being a good corporate partner in the city,” Knowlton said.
Speaking of the new retail space to the north, he said “the advantage of that is it helps to fill the storefronts on Main Street. It also helps create a more walkable community.”
In related business, the city council, acting as the redevelopment agency, approved a $250,000 loan for the retail/residential portion to the north.
Jensen said the loan fits well within the city’s standard loan to building/land value ratio of 45 percent. The loan is to be repaid over 10 years at a 3 percent interest rate.
“The RDA program from the city has been extremely helpful to us in getting that building going,” Knowlton said.
“They’ve also helped me in the past with the (old) Lakewood Furniture building” (which has been remodeled to offices) on the east side of north Main Street.
A $250,000 RDA loan was also granted to Brad Hutchings of Timbermill Cabinets for construction of a new building at 466 W. 1000 North.
The nearly 6,000 square foot structure will include space for wood and construction equipment related to his business.
It may also include space for sub-contractors, Jensen said.
Terms were also 3 percent interest and a 10-year repayment. The building is part of a multi-building campus valued at $1.3 million, Jensen said.