The Cache Valley Marketplace project would include an anchor store, hundreds of residential units and a hotel.
A key part of the Logan community could soon be demolished to make way for a major redevelopment that includes retail space, hundreds of residential units and a new hotel near the heart of town.
Last week, members of the Logan City Council approved the repurposing of the Cache Valley Marketplace project — a plan that would see the demolition of the Cache Valley Mall just blocks from downtown Logan.
The project, the developers proposed to the council, would center around a 148,000-square-foot “big box” anchor store, include 346 residential units and a 156-room hotel with commercial space on the ground floor. The cost of rehabilitating the 25.5-acre property is estimated at $205 million.
The plan was first presented to the council in June.
Before the City Council approved the rezoning, some Logan residents expressed displeasure at the possible demolition of the mall, a building that first opened in the 1970s.
Following public comment, Drew Snyder of Woodsonia Real Estate, an Omaha, Nebraska-based company and one of the developers, spoke during the meeting.
Snyder said some leases for the mall are scheduled to run until 2035, and if the project is not approved, the mall would likely continue to exist and fall into disrepair over the next decade. Snyder said there was a potential big store that would anchor the project, but didn’t give specifics.
“We have a great retailer that would be new to the market and exciting for Logan and the community,” he told the council. “And of course there is a housing need, we have done a comprehensive housing study, there is a housing need here, we would like to try to fill that need.”
It’s not exactly clear when the mall could be demolished, but last week’s vote laid the groundwork for the project to move forward.