August 2022 | Vol. 18 Iss. 08
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MORE CONDOS, LESS OFFICE SPACE: CANYON CENTRE DEVELOPMENT CHANGES COURSE By Cassie Goff | c.goff@mycityjournals.com
E
ight years after the first development plans for the Canyon Centre Development were approved by the Cottonwood Heights City Council, there is only one remaining phase of development to be completed. However, it may have to be altered based on the challenges of the current social climate. On June 21, Managing Member of Canyon Centre Capital LLC Chris McCandless spoke with city councilmembers during a Community Development and Renewal Agency meeting about the challenges they have been facing and described a proposed solution. “COVID has made a significant difference and it’s hurt,” McCandless said. “This is the longest we’ve taken to put together a project and complete it.” The Canyon Centre development plans approved in 2014 included four levels of professional use office space. However, as working from home has become much more of a norm, office space is not the commodity it used to be. McCandless has run into difficulty finding buyers for office space. “We had the building sold and under contract to a gentleman who couldn’t perform, and it took us about three years to get the property back from him,” McCandless said. “I don’t want to keep waiting for office space to work.” Instead, there is much higher demand for housing. The Canyon Centre developers would like to amend the development plans to eliminate half of the office space and incorporate housing units instead. Continued page 8
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Allowing for residential space instead of office space will decrease potential building heights for the Canyon Centre development. (Photo courtesy of Chris McCandless/CW Management Corp)
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