Provo real estate development company PEG Cos. has broken ground on the first Utah project to take advantage of the federal “opportunity zone” investment program created by the December 2017 Tax Cuts and Jobs Act. Paperbox Lofts is a two-acre development at 160 S. 300 W. in Salt Lake City that will consist of 195 apartment units divided amongthree buildings, along with retail and restaurant space and a 10,000-square foot “pocket park” open to the public.

The rest of this article is only available to our online subscribers. Please log in, or click here to subscribe.

Pin It