The Exchange – Developers named for S.L.’s Barnes Bank 400 South project

Deseret News Utah

July 31, 2017

SALT LAKE CITY — Mayor Jackie Biskupski has picked a developer for the Barnes Bank 400 South project.

The winning proposal was submitted by Downtown SLC Partners, a joint venture between locally based Giv Development and Domain Companies, a New York City-based firm.

The new building, which will be known as the Exchange, will cover 2.24 acres on the 300 East block of 400 South. The property was the former site of Barnes Bank and Salt Lake Roasting Co.

“This exciting project will help us increase quality, affordable housing and grow local businesses,” Biskupski said in a statement. “A strong and vibrant Salt Lake City absolutely depends on diverse and truly affordable housing opportunities, and we will continue to lead out and support ways to make that happen.”

The Exchange will feature 196 high-quality affordable apartments combined with 216 market-rate apartments. The ground floor will feature more than 20,000 square feet of street-front retail, anchored by an international food hall and marketplace in partnership with the International Rescue Committee’s Spice Kitchen business incubator program.

The site is a cornerstone of the ongoing development along 400 South and the Civic Campus, anchored by the Public Safety Building and the Salt Lake City Main Library. It sits directly across from the TRAX line.

Groundbreaking is anticipated in fall of 2018.