NEW LUXURY TOWNHOME DEVELOPMENT IN SALT LAKE CITY
August 23, 2017 | By Bree Morris
SALT LAKE CITY, July 26, 2017 /PRNewswire/ — JF Capital, a subsidiary of the J. Fisher Companies, has recently completed another large, luxury townhome development in the Salt Lake City metropolitan area. Their partner on this project is Green Mesa Capital, a single-family office located in Henderson, Nevada. MODA S-line marks the fourth completed project in JF Capital’s series of high-end MODA brand developments over the past 24 months.
Named for its proximity to the TRAX S-line light rail, MODA S-Line is a beautiful, 32-unit contemporary community that has everything potential tenants would hope for. Residents will have an attached 2 car garage, high-end finishes, smart home technology, and their choice of large two or three bedroom units ranging from 1,365 to 1,426 square feet. This project, totaling 62,000 square feet, was completed by the general contractor, Strategic Builders, in less than 12 months.
“The MODA S-line was ‘on-time’ and ‘on-budget’ thanks to the team of construction professionals. With partners like JF Capital, I continue to be bullish on the demand-side of housing in the Salt Lake City market. Utah’s job growth is almost 2.5x the national rate and Utah’s population growth is about 2.25x the national average. All things being equal, job growth multiplies population growth — two key drivers to GDP growth — and in real terms, this is why Utah continues to be the fastest growing state today.” –Randy Norton, Green Mesa Capital.
With companies like Adobe, Amazon, eBay, Microsoft, Overstock, and Goldman Sachs increasing their employee headcounts, Salt Lake City is an attractive option for those heading into the workforce. Amidst this strong rental market, MODA S-Line provides an inviting location that gives residents easy access to public transit, shopping, and recreational activities.
“We are excited about being part of this emerging market and look forward to providing a boutique style property for residents looking for an exceptional home in a smaller community setting.” –Glenn Girsberger, J. Fisher Companies
Green Mesa Capital is privately owned and independently operated as a single-family office. Headquartered in Nevada, the Company was founded in 2014 specializing in traditional and alternative investments. The investment mandate is heavily weighted towards a multi-strategy single-sector focus: institutional real estate in North America and Western Europe. A real estate and alternative investment portfolio consists of four asset classes: (i) venture; (ii) private debt; (iii) private equity; and (iv) marketable securities. For more information visit www.GreenMesaCapital.com.
JF Capital is a Utah-based real estate investment management and development firm dedicated to delivering superior, risk-adjusted returns to its investors. This S-line project marks over 800 completed units for JF Capital with an additional 500 units upcoming this year. To date, JF Capital has completed an impressive spectrum of services to investors and boasts over $800 million in real estate acquisition and development. The MODA S-Line property is located at 2250 South 400 East, Salt Lake City, Utah. For more information about this project, or other J. Fisher Company projects, visit www.JFcapital.com.