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February 11, 2025
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J. Fisher Companies Lands $60 Mil Loan for Salt Lake City Res Development

2/03/25

J. Fisher Companies is set to start work on The Edison, a seven-story, 201-unit multifamily community in Salt Lake City, after securing a $60 mil senior loan for the project. The loan was provided by PCCP.

The development is located at 256 South 200 East in the city’s downtown. Construction will commence next month with completion anticipated for February 2027.

The Edison will have five residential stories over two levels of parking (158 stalls) and 7.8k sf of ground floor retail. The unit mix will consist of 40 junior one-bedroom units, 105 one-bedroom units, and 56 two-bedroom units with an average size of 823 sf.

The units will feature 10’ ceilings, stainless steel appliances, quartz countertops with custom cabinetry in the kitchens, LVT wood plank flooring, walk-in closets, and full-size washers and dryers in every unit. Community amenities will include a swimming pool, hot tub, sauna, fitness center, golf simulator, arcade, clubhouse, co-working space, outdoor fireplace, and a courtyard with barbeques.

Located in downtown Salt Lake City, The Edison provides walkability to restaurants, retail, the Delta Center, and Salt Palace Convention Center, as well as access to transportation and employment with Goldman Sachs, Wells Fargo, and Zions Bancorporation offices within four blocks of the site. The project is one block from the Washington Square Park Library Station, which is part of the TRAX light rail system and provides transportation throughout the metro and is 15 minutes east of the Salt Lake City International Airport.




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