We are the third owners of this project, initially promoted by the Logan Downtown Alliance to bring new housing to the area, renewing and enhancing its walkability, thereby reinvigorating the entire downtown district. This project's inception dates back to 2016 and has undergone multiple layout revisions. However, the pivotal turning point occurred in 2020 when the Capita Group acquired the project and orchestrated a comprehensive redesign, allowing us to bring this vision to fruition.
Situated within an Opportunity Zone, this project had to meet specific criteria to qualify for tax credits, including adhering to strict deadlines with the goal of completion by the end of 2023. Its strategic location offers convenience, being close to Center Street, nearby parks, downtown eateries, businesses, Logan High School, Utah State University, and various retail stores.
The project encompasses approximately 3 acres, nestled between two commercial buildings - a retail store (JOANN's) and a restaurant (Chuck-A-Rama) on Main Street - with residential properties to the rear on 100 East. To the north lies Garff Gardens Park, and to the south, we have recently acquired an additional 1.25 acres on the corner of 100 E and 200 S, earmarked for the development of phases 3 and 4.
This initiative has a history dating back to 2016 and has undergone various design iterations. It wasn't until 2020 when the Capita Group took ownership and embarked on a transformative redesign that we were able to bring this vision to fruition.
"Enhancing downtown Logan by introducing new housing, fostering walkability, and rejuvenating the entire vicinity." - Rolando Gallart, CAPITA GROUP
Our multi-disciplined team has background in Construction management, Architectural and Civil
design, Mechanical and plumbing design, Real estate, Finances, and code regulations. We
can take up projects others can’t and turn them into viable projects with high ROI’s.
A 2.5-year project is set to transform a prime 3-acre property nestled off Main street in Logan, UT.
All these buildings use state-of-the-art technologies, with solar system to
offset their carbon footprint, Optic fiber wiring through the building to provide high speed
internet 2Gbps, smart home features like doorbells, thermostats, fully electrical appliances, EV
chargers, WIFI. They come with electric ranges, refrigerators, microwave ovens, dishwashers,
laundry washer and dryers. Low wattage LED lights, etc.
To minimize water usage, we are implementing the use of artificial turf instead of grass in
strategic areas that don’t face the streets, and smart irrigation systems where sod was required.
Our building envelope is very tight making it more eco-friendly helping with a low energy
consumption to heat/cool the units.
We meet all regulations and have implemented safety measure in the building and also while
under construction to prevent accidents and looking after everyone’s safety, we have
implemented fire sprinkler systems, fire extinguishers in every unit and along the common
areas, Backup power generator, amongst many.
Our Projects are data driven, we rely on accurate market studies to determine the best ROI to
come up with the best suitable option for the land, building marketable properties featuring the
most sought-after solutions for living with comfort, putting our customers first since we keep
ownership of our properties instead of turning them around after completion.
Amongst some of the challenges we had to face was dealing with supply chain issues, local
authorities and utility companies, inclement weather (wettest winter in 20+ years) and the
lowest unemployment rate in the U.S. at or below 1.9%, driving labor prices up through the
highest inflation rate since 2007.
Building Such a large apartment building required great project management skills, putting
together critical paths, rethinking schedules, creative budgetary practices and progressing
towards a post-covid future while our over 30+ years of experience building multifamily project
provides a solid foundation for all our projects.
Our Financial wizards devise strategies to maximize output with minimum input, we are a lean
company, we maintain a $5+ million/employee ratio keeping our overhead costs down. We
invest where we can add value and look at value engineering in every aspect since inception to
completion.
In the heart of the Opportunity Zone.
.jpg)
Love what you see? Send us a note and we can schedule a time to visit.