The Gateway (Salt Lake City) Informations

The Gateway is a large, open-air retail, residential, and office complex in Salt Lake City, Utah, United States. It is centered on the historic Union Pacific Depot on the west side of Downtown Salt Lake City between 50 North and 200 South streets and between 400 and 500 West streets. Rio Grande Street has been the site of many special events and becomes a one-way street and heads north through the center. The center has featured as many as 89 outlets, but changes have continued to be announced recently that have the center planning to provide new retail shopping experiences and moving more in the direction of becoming a social gathering place centered on dining and nightlife.

The Gateway cost $375 million and began as part of the city's urban redevelopment project, and the first phase was done prior to the 2002 Winter Olympics that was held in Utah. The first phase of 2.1 million sq. ft. (195,096 m²) of mixed-use development included office complexes, the Northgate Apartments, and the renovated Depot. Other highlights include the Clark Planetarium, the Megaplex 12 at The Gateway, and the Discovery Gateway Children's Museum. The offices of the Salt Lake Tribune newspaper are located near the south end as well as many of the popular food and retail outlets. Many of the special events and community events take place near the open area on the north end . The TRAX light-rail line has a stop at the Planetarium station on the east side of the center, which is in the UTA's Free Fare Zone. The Vivint Smart Home Arena is across the street to the East.

In 2004, a 12-story high-rise condominium, The Parc at The Gateway, was built overlooking the Olympic Legacy Plaza, with some units selling in excess of $500,000.

In the northeast corner, an eight-story 230,000 sq ft (21,000 m2) office tower for more than 1,200 employees was completed in 2007 for the sole occupancy of Fidelity Investments.

By 2014, the center's occupancy rate had fallen, with major tenants such as Apple Inc. having moved half a mile east to the newer and more centrally-located City Creek Center, opened in 2012 by The Church of Jesus Christ of Latter-day Saints.

Retail Properties of America Inc. had valued the center to $75 million in 2014 and would expect further decline. Previous efforts to stabilize and sell the center had failed. In the meantime, some of the outdoor areas had been upgraded, and nearby development projects had been planned.

The Gateway, in 2016, was sold to a commercial real estate company named "Vestar". The company was planning to renovate the center for $30 million. Instead, $100 million was invested by Vestar since late 2018. Vestar restored the area's popularity and increased security, lowering crime by 79% and expecting crime to lower even further. The downtown shelter located on Rio Grande St. has also seen improvement because of the mall's new management.

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