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On behalf of Manifest Development (the “Developer”),
Capstone Equity & Structured Finance is pleased to present a Co-GP & LP equity investment opportunity
to support the development of Chicago Street Apartments: a to-be-built,
143-unit, 5-over-1 podium constructed apartment community in the North Temple
District of Salt Lake City, UT. This Class A community will feature modern
interiors, top-of-the-line amenities, and a tranquil street with mature trees
and community park. The site benefits from the Qualified Opportunity Zone
status as well as an expedited entitlement process from the growth-oriented
Transit Station Area (TSA) zoning and scoring process, which has already been
submitted by the Developer. The North Temple submarket has received significant
public and private investment over the past 5 years and is just the beginning of
a wave of development that will transform the entire North Temple corridor into
a boulevard street that is a “gateway” into Downtown Salt Lake City. Further,
multi-family fundamentals in Salt Lake City are forecasted to remain extremely
robust, with out-of-state investment pouring into the market, creating
significant economic tailwinds for incoming investors to capitalize on.

Investment Highlights:

Excellent Site Profile with Beneficial TSA Zoning In-Place

Dynamic and Expanding Submarket with Excellent Leasing Fundamentals

Excellent Proximity to Downtown SLC, Airport, Public Transportation, & Recreation

Major Nearby Developments

Exceptional Salt Lake City Multi-Family Fundamentals

Located in a Qualified Opportunity Zone

Serene Neighborhood Environment

  • Address 27 N Chicago St
  • City Salt lake city
  • State/county Utah
  • Zip/Postal Code 84116

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