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Show WEEKLY REFLEX-DAV- IS NEWS J OURNAL, OCTOBER 13, 1977 $80 Million Mall Shopping phase of an $80 million shopping mall, sports center and housing complex in Layton. When the complex is completed, in about 1983, the mammoth center will cover some 160 acres one of the largest commercial investments, both moneywise and size in the Intermountain Area. Known as Layton Hills, the regional fashion mall will be developed in two phases. Construction of the first phase has already started and will be completed in the fall of 1979, said Robert L. Mendenhall, a partner in HOMCO Investment Company, general contractor. The first phase will consist of approximately 400,000 square feet of shopping space and will be anchored on the east and west by ZCMI and Auerbachs. An additional stores and shops will be included in the first phase of construction. A third major department store will be added in the second phase of construction, said Mr. Mendenhall, But we are not free at this time to say what store that might be. Negotiations are still in progress. He said the second phase will consist of about 40 stores and cover some 200,000 square feet. Construction on the second phase is expected to start in 1981 and be completed about two years later. A convenience center also is planned in the first phase of construction, consisting of about 100,000 square feet. This will include a Smiths Food King and Drug Center, home center, shops, beauty salons, barber shops, cleaners and related businesses, said Mr. Mendenhall. Surrounding the mall will be numerous professional buildings such as savings and loan companies, restaurants, banks and other suitable tenants. He noted that approximately 40 percent of the small tenant space in the first phase has already been committed and will consist of several national-chaistores as well as local shops and service departments. A theatre and automotive center are planned in the first phase of construction. Joining the shopping mall will be a complex of office plazas, planned apartment units and cluster housing built by Prowswood Inc., one of the Intermountain Wests largest developers. All will be included in the first phase of construction, at an estimated cost of $50 million. What will all this mean to Layton City and Davis County? Itll mean a tax base larger than this city and county has ever had, said Mr. Mendenhall. When completed, the development will create tax revenues for Layton City of approximately $400,000 a yea- r- almost doubling the citys present tax base. received a loud ovation from the scores of city, county, state and military dignitaries atWith this, the tending the noon ceremonies under warm, sunny skies. Mr. Mendenhall continued: The mall will contribute approximately $200,000 a year property taxes and $110,000 to the local school district. construction period and when completed will Iayton Hills will employ some 250 people during the provide an average monthly payroll of some $600,000 while creating annual gross sales of more than $60 million. He said the complex, when completed, will provide about 900 permanent jobs to local residents. In short, he said, Layton Hills will keep local dollars in Davis County and bring many Salt Lake and Ogden dollars into the area. It w ill virtually make Layton the hub of Davis County with one of the largest shopping developments in the state. Why did Diyton City get the mall instead of some other community? Iayton worked hard for this mall, harder than any other city, the speaker said. "City officials and many, many hours of time doing what had to be done to obtain the property and make this develojiers two-phas- e - 60-pl- . . n .sjn-ake- r two-phas- sjx-n- e t development jxissible. He said that when HOMCO presented its preliminary plans to the Layton City Council on Nov. 18, 1976, it was expressed by the council that many developers had in the past presented their plans for a major shopping development, but nothing had ever come of them. It was stated in that meeting I wonder where HOMCO will be in a year from now?, said Mr. Mendenhall. Well here we are. less than a year later, breaking ground. Layton Hills is a reality. In accepting HOMCO and Layton Hills into the city, Mayor Lewis G. Shields said: This is a great day. This is a real thrill seeing ground being broken for what will be such a lovely shopping mall and complex. It will add greatly to the many other fine facilities Layton has acquired - the new hospital, park, golf course, and city complex. Weve waited a long time for such a development, but now its a dream come true. Layton Commercial Development Condominiums Social Centers |