Dart to Demo Data Center, Develop SLC Highrise Apartment

Dart Interests LLC acquired a 2.32-acre site in downtown Salt Lake City for approximately $19 million. Comprising two parcels, the site incorporates a parking lot totaling roughly 1.03 acres and a vacant data center of 305,000 square feet on 1.29 acres. The seller, Unico Properties, initially planned to turn the data center into a residential building with large units before backing down. Dart plans to demolish the building and develop a high-rise apartment project on the site. 

The site’s zoning does not include a maximum density restriction, allowing Dart to go as high as they’d like.

The property sits at a “main and main” location in the core of Salt Lake City’s central business district, allowing anyone to walk anywhere in the core of downtown Salt Lake City within 15 minutes. Additionally, the property is close to Utah’s public transportation, with the Library TRAX Station just two blocks from the site.