Hines Begins Redevelopment On Office-To-Residential Conversion In Salt Lake City

217,000-square-foot Office Building to be Transformed into 217 Rental Residences

(SALT LAKE CITY) – Hines, the global real estate investment, development, and property manager, today announced the start of new construction on South Temple Tower's comprehensive redevelopment. Originally constructed in the 1960s, the 217,000-square-foot building will be transformed into a 25-story residential rental tower and renamed Seraph, with an anticipated delivery of fall 2025. The redevelopment serves as Hines’ first office-to-residential conversion.

Seraph, located in the heart of Downtown Salt Lake City, will be comprised of 217 residences ranging from studios, one-bedroom, two-bedroom apartments, and a limited number of three-bedroom penthouses. The reimagined tower will deliver exceptional living spaces that capitalize on the building's original structural design while introducing superior quality and aesthetics. Residents will enjoy unobstructed views of the city skyline, the Capitol, and the Wasatch Mountains.

“Seraph represents a fusion of the past and the future, designed to meet the growing demand for high-quality, sustainable living spaces in Salt Lake City,” said Dusty Harris, senior managing director at Hines. “Our goal is to offer a new, reimagined product that will be highly attractive for this growing market.”

The tower will provide residents with an array of notable amenities including a 7th-floor amenity deck comprised of a resort-style pool, clubroom, gym, dog run, and pet spa, in addition to an indoor lounge and a large rooftop deck with fire pits and grills on the 25th floor that will offer captivating views.

The renovation will take the building down to its structure and remove a significant portion of the exterior facade, creating a completely new building beyond the concrete and steel, and adding floor-to-ceiling glass to illuminate the interiors with natural light. An overhaul of the building's mechanical, electrical, and plumbing systems is also part of the redevelopment, creating a fully bespoke MEP system tailored for residential use. As part of Hines’ ESG strategy, this adaptive reuse project aims to reduce embodied carbon by limiting new construction materials including the production of concrete, which can be one of the largest emitters of embodied carbon across the industry. Through the implementation of more efficient mechanical systems once the building is in operation, Hines expects that it will lower the operational carbon emissions of the building over its lifecycle.

The property sits on one of the city’s most desirable streets in Salt Lake City close to downtown and all of its amenities, including City Creek Center, Temple Square, the light rail, and many major employers.

For more information, visit: www.liveseraph.com

About Hines

Hines is a global real estate investment, development and property manager. The firm was founded by Gerald D. Hines in 1957 and now operates in 30 countries. We manage nearly $93.2B¹ in high-performing assets across residential, logistics, retail, office, and mixed-use strategies. Our local teams serve 857 properties totaling nearly 270 million square feet globally. We are committed to a net zero carbon target by 2040 without buying offsets. To learn more about Hines, visit www.hines.com and follow @Hines on social media.

¹Includes both the global Hines organization and RIA AUM as of December 31, 2023