Financing of $170 million secured by Walker & Dunlop for Salt Lake City's downtown development venture
In the heart of Salt Lake City, the Post District stands as a testament to thoughtful urban redevelopment. Located between 500-600 South and 300-400 West, this dynamic mixed-use complex has transformed a previously underutilised section of downtown into a bustling, pedestrian-friendly neighbourhood[1].
Conceived as a premier live-work-play destination, the Post District embodies modern residential, commercial, and lifestyle needs while honouring the city's architectural and cultural heritage[1]. The project, developed by Bridge Investment Group, Blaser Ventures, and Lowe Property Group, was designed to build an entire new neighbourhood from the ground up, offering the convenience of urban living alongside the comfort of a tight-knit community[1].
The development comprises four main buildings—The Register, Post House North, Post House South, and 801 Flats—offering a total of 580 residential units, catering to a variety of lifestyles and accommodating a diverse resident base[1][2]. Key amenities include Utah's largest fitness center, an indoor-outdoor pool deck with an infinity-edge hot tub, a golf simulator, and multiple rooftop lounges[1].
Post District is home to several notable tenants, including Utah-grown Traeger Grills, which maintains its headquarters within the development, supporting 500 jobs on site[1]. The district also features a curated mix of culinary and retail offerings, such as Urban Hill, Level Crossing Brewing Company, Urban Sailor Coffee, and the Melancholy Wine & Cocktail Lounge[1]. Additional attractions, like Sunday’s Best and Mensho Ramen, are set to open, further enhancing the area's reputation as a dining and social destination[1].
The development has been supported by significant financial backing. In November 2023, Walker & Dunlop New York Capital Markets arranged $157.5 million to refinance Post District[1]. This investment, along with the $25 billion in multifamily properties financing originated by Walker & Dunlop in 2024, underscores investor confidence in Salt Lake City’s downtown and the appeal of thoughtfully designed, mixed-use communities[1].
Post District stands as a pioneering example of opportunity zone development, transforming a once-underutilised block of warehouses into a thriving urban hub[1]. The development's strategic location, with direct access to I-15, fosters walkability within the neighbourhood while ensuring high accessibility[1].
In summary, the Post District offers residential units ranging from micro-studios to three-bedroom penthouses, featuring an 8,000-square-foot gym, resort-style pool deck, movie theater, golf simulator, dog wash, community electric bikes, game room, rooftop lounges, grill area, coworking lounge, market, club room, and 26,000 square feet of retail space[3]. With its vibrant mix of residential, commercial, and recreational offerings, the Post District has become a landmark of modern urban redevelopment in Salt Lake City's core.
**References:** 1. [https://www.walkerdunlop.com/news/press-releases/walker-dunlop-secures-170-million-to-refinance-post-district-mixed-use-complex-in-downtown-salt-lake-city-utah](https://www.walkerdunlop.com/news/press-releases/walker-dunlop-secures-170-million-to-refinance-post-district-mixed-use-complex-in-downtown-salt-lake-city-utah) 2. [https://www.deseret.com/2023/12/13/21265219/post-district-salt-lake-city-mixed-use-development-opens-with-apartments-retail-and-office-space](https://www.deseret.com/2023/12/13/21265219/post-district-salt-lake-city-mixed-use-development-opens-with-apartments-retail-and-office-space) 3. [https://www.postdistrictslc.com/](https://www.postdistrictslc.com/)
In the bustling Post District, various businesses thrive, such as Traeger Grills, which houses its headquarters, providing employment for 500 people. This ripe environment has attracted investments in the real-estate sector, such as the $157.5 million refinancing arrangement in November 2023 by Walker & Dunlop New York Capital Markets, signifying the faith of investors in the appeal of Salt Lake City's downtown and its thoughtfully designed, mixed-use communities. Investors see potential in the district's lucrative finance opportunities, drawn by the successful blending of residential, commercial, and recreational elements, making the Post District a prime investment in the industry.
