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Pleasant Grove Location Draws High Demand in 62-acre Development
We’re pleased to announced the sale of five acres in Valley Grove to Four Foods Group to meet the rapid growth needs of this award-winning restaurant development, operations, finance and management company. Four Foods Group (FFG) plans to begin construction of a new corporate headquarters on the parcel by fall. The company will also be developing a restaurant cluster housing some of the company’s fast-growing brands, including R&R Barbecue; which is slated to open in July.
“We are so happy to have such a rapidly growing U.S. company headquartered in Valley Grove,” states Daniel Thomas, regional partner for St. John Properties. “Four Foods Group is quickly rising as a superstar in the food & beverage industry and we are delighted to have their corporate headquarters and restaurants at Valley Grove.”
FFG currently owns or manages 158 restaurants in eleven states employing more than 5,000 workers, 1,500 of those in Utah. This number is expected to grow by over a thousand over the coming year. The FFG family includes local Utah chains: Kneaders Bakery & Cafe, Mo’Bettahs Hawaiian Style Food, Swig, and R&R Barbecue, with more in the works. Outside the state restaurants include 74 Little Caesars locations across the Deep South, including Alabama, Louisiana, Mississippi and Florida.
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Pleasant Grove has a variety of new projects under construction — especially off of exit 275 on I-15 — but many of them won’t be completed in 2018. “We have a huge boom of offices going on and a couple restaurants,” said Julie Henry, Pleasant Grove’s city planner. “Historically, Pleasant Grove hasn’t had a lot of restaurants, but we’re getting more.”
Some of those restaurants include R&R BBQ, Mo’ Bettahs and Jersey Mike’s Subs. But first the office space needs to be finished. The Grove, a 62-acre development, has two Valley Grove office towers planned. The 192,000-square-foot first tower is already under construction with plans to start the second tower soon.
A commercial park is adding valuable space to a community just outside Salt Lake City, Utah.
St. John Properties is developing a landmark commercial project that will forever change the suburb Pleasant Grove, Utah, which is conveniently located between Salt Lake City and Provo.
Valley Grove is a 62-acre, mixed-use development that will improve the infrastructure of Pleasant Grove and promote further development in the fast-growing area. It will include a considerable amount of Class A office space, retail and a hotel.
The development will also help bring more jobs, tax revenue and other opportunities to the city of Pleasant Grove.
“It’s an investment upward of $300 million into what has been largely a bedroom community.” says Daniel Thomas, Regional Partner at St. John Properties. “People are excited to see that coming to their front door.”
DEVELOPING FOR LONGEVITY
Utah County, which includes Pleasant Grove, is one of the most dynamic markets in the United States. The team at St. John Properties believes it is a region that will continue to see long-term, sustainable growth.
“It just happens to be one of the fastest-growing counties not only in Utah, but also in the nation, from a population standpoint.” Thomas says. “Any place where you are adding mouths to feed and cars on the road, it’s really good for commercial development.”
Pleasant Grove is located along one of the region’s primary north-south arteries. Interstate 15. Because of the region’s steadily growing population, the demand for retail services and commercial space is stronger than ever.
“These are services those people are going to need.” Thomas says.
The project will also include several noteworthy environmental initiatives. Every office building at Valley Grove development will be designed to meet LEED® standards.
Building a project that will not contribute to the region‘s notoriously troubled air quality was one of St. John Properties‘ primary concerns.
“The U.S. Green Building Council just put out several studies and numbers on LEED buildings and their impact on air quality,” Thomas says.”‘More than 73 percent of U.S. electricity consumption actually comes from buildings. In addition to 39 percent of American [carbon dioxide] emissions.”
The stringent environmental standards implemented by St. John Properties will cut roughly 35 percent of the emissions compared to buildings not designed to the LEED guidelines. The development will also honor Pleasant Grove‘s city tagline billing it as “Utah’s City of Trees.”
“Our project, upon completion, will have more than 2,000 trees.” Thomas adds
Click here to read the rest of the article in the DDC Journal, Winter 2017 issue, for free. Article starts on page 146.
The article, complete with demonstration video, can be found over at CNBC’s website: Watch this DroneHunter stop trespassing drones with radar and a net
Highlights from the Valley Grove Groundbreaking event on August 1st, 2017.
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St John Properties unveiling of its Valley Grove development drew 200 business leaders, the governor, and several media members who covered the excitement surrounding this Utah Valley commercial real estate destination. Media coverage included;
- Commercial Property Executive
- Salt Lake Tribune
- Utah Valley 360
- Utah Business
- KSL Channel 5
- The Enterprise
- Intermountain Commercial Record.