The groundbreaking for a seven-story, 125-unit residential community that will be known as Providence Place Apartments at 309 E. 100 S. was held Jan. 18..
According to Wasatch Advantage Group’s Sheppard, “One-hundred percent of the units at Providence Place Apartments will be for families earning 60 percent or less of the area median income. I believe this project will play a key role in helping the ongoing renaissance of downtown Salt Lake City.”
“Goldman Sachs is delighted to partner with Wasatch on this catalytic project,” said Alicia Glen, managing director and head of the Urban Investment Group at Goldman Sachs. “Located in downtown Salt Lake City, the project will help preserve an economically integrated community by providing critical workforce housing to families that would otherwise be priced out of this neighborhood” according to https://www.utahbusiness.com/issues/articles/10582/2011/01/groundbreaking_held_for_downtown_salt_lake_city_housing_complex.
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