PCCP has provided a $60 million senior loan to J. Fisher Companies for the development of The Edison, a seven-story, 201-unit multifamily residential community located at 256 South 200 East in downtown Salt Lake City. Construction is set to begin next month with an expected completion date in February 2027.
The Edison will feature five residential stories atop two levels of parking, offering 158 parking spaces, along with 7,800 square feet of ground-floor retail. Its residential units will include a mix of 40 junior one-bedroom apartments, 105 one-bedroom apartments, and 56 two-bedroom apartments, averaging 823 square feet per unit.
Residents will enjoy a wide range of community amenities, including a swimming pool, hot tub, sauna, fitness center, golf simulator, arcade, clubhouse, co-working space, outdoor fireplace, and a courtyard with barbeque areas. The project’s downtown location provides convenient access to nearby dining, retail, the Delta Center, and the Salt Palace Convention Center.
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Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax (www.griffintax.com) and REVVED Up Accounting (www.revvedupaccounting.com). In addition, Steve founded Madison Avenue Technology (www.madisonave.tech). With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.
