This week St. George City released a new analysis of the “Ridgetop Complex,” the property previously occupied by the city’s old airport. The city also issued a “Request for Qualifications” to developers interested in building out the first phase of the proposed “Tech Ridge.”
The first major project there, a new $45 million campus headquarters for the Dixie Applied Technology College, is already under construction. The surrounding area, all owned by the city, is being reserved for tech-based businesses and high-pay industries like healthcare and financial services, along with higher-end homes, apartments and some shopping. The first phase would include about 28 acres of new development along the northern edge of the property, neighboring the new DXATC campus.
The new market analysis, performed by The Concord Group, a California-based consulting firm, suggests a meticulous effort to foster higher-paying office development could pay off long-term. The buildout could take longer - 15 to 20 years, based on current market trends - but eventually the effort could lead to some 1.7 million square feet of new development, along with nearly 2,000 new jobs, according to the report. The Spectrum
