WASHINGTON, D.C.—Placemakr, a flexible-use hospitality and multifamily operator, introduced the launch of its first property in Salt Lake Metropolis, Utah. Working in partnership with Excessive Boy Ventures, a residential actual property improvement firm, Placemakr Salt Lake Metropolis at Brix will provide a mix of residential and hospitality-style stays catering to each short-term guests and long-term residents. Hospitality-style stays will likely be managed underneath the “Placemakr Salt Lake Metropolis” model, whereas residential leases on this class A luxurious asset will likely be managed underneath the “Brix” model identify.
The property, positioned within the downtown space, gives friends facilities together with an out of doors lounge, a health club, and proximity to ski resorts and the pure sights of Salt Lake Metropolis. Placemakr Salt Lake Metropolis additionally contains 100 studio, one- and two-bedroom models out there for residential leasing, and 45 totally furnished models out there for short-term stays. Penthouse residences have unobstructed views of downtown and the Wasatch mountains, and a number of other models embody balcony scorching tubs.
“Placemakr is on a mission to carry this new asset class of versatile actual property to each US metro, so this growth into Salt Lake Metropolis for the primary time is a giant deal to us,” mentioned Jason Fudin, CEO and co-founder of Placemakr. “This constructing is a major entry for us into the market because it’s a extremely fascinating location and a really distinctive luxurious constructing. We will’t look ahead to Salt Lake Metropolis residents and guests to expertise Placemakr for the primary time.”
Company and residents at Placemakr Salt Lake Metropolis will likely be inside strolling distance from town’s sights — together with the Utah Jazz and new NHL group stadium and cultural websites just like the Utah Symphony, Museum of Modern Artwork, and the Discovery Gateway Kids’s Museum. Moreover, the lodge offers lodging that embody in-unit kitchens, laundry amenities, and separate dwelling and sleeping areas.
“We’re excited to accomplice with Placemakr to carry this distinctive mix of house and hospitality to Salt Lake Metropolis for the primary time,” mentioned Max Coreth, managing accomplice at Excessive Boy Ventures. “It is a market that continues to develop with regards to leisure and enterprise demand, and Brix is completely positioned to satisfy that demand. We will’t look ahead to friends and residents to return expertise the property.”
This announcement follows Placemakr’s latest expansions nationwide in Pittsburgh, San Antonio, Santa Clara, and extra.
