The 45-story, five star hotel and convention center will be 220,000 square feet, stand at 450 feet, and will have an estimated 300 rooms.
The project will also include a 500,000-square-foot, 10,000-seat arena, an amphitheater, 2,500 condo and multi-floor residential units, and 1.12 million square feet of retail space. Not to mention a boating lake, a wakeboard cable water park and 61 acres of open space.
“We have some of the world’s greatest natural architecture in Utah. Our buildings will reflect that. Along the walkways, we will have buildings hovering over the water or recess back to reflect the canyons’ structure,” said Brandt Anderson, a Provo-based entrepreneur who is funding the project. “As you look at the development, the first thing that strikes you is the openness of it. The majority of parking will be underground in order to leave more than 70 percent of space open.”
“This is a very unique site,” Andersen said. “And as an iconic piece of property between Salt Lake County and Utah County, it was crucial that we create, and bring in someone who could help us create, a development that would stand as an icon for the state, and particularly for Lehi city. In thinking that, there was obviously no other choice than world-famous Frank Gehry.”
Anderson, who was born in Florida and later attended BYU, founded bank-software business uSight eight years ago, when he was 21 years old. In 2004 Inc. magazine named it America’s #2 company. In 2005 Anderson founder investment company G Code Ventures, which is the investment company behind the Lehi project. Anderson also has pruchased a team in the NBA’s developmental league (name not yet announced), which will eventually play games in the new arena being built as part of the project.
The new project is the latest in a recent-year boom of growth Lehi and the point-of-the-mountain area of Lehi and Draper. Draper will soon have the areas first and only IKEA, which is slated to open this spring.
“We have Thanksgiving Point, Cabela’s, Micron, the Terrace at Traverse Mountain that’s literally a city in itself with 30,000 to 40,000 people, a possible lifestyle center and now, this, a Frank Gehry-designed project. This is the last major location to grow along the Wasatch Front,” Lehi Mayor Howard Johnson said.
Anderson is also trying to get an additional freeway exit added about a mile north of the SR 92 (Highland/Alpine) exit to help ease traffic in the area.