Home • News
View Archived News Articles
View Archived News Articles
Kay's Crossing ribbon cutting, open house July 11
Article Published 07/07/2014
Kay’s Crossing, 60 South Main Street, Layton, will hold a ribbon-cutting ceremony and tours of its landmark transit oriented development on Friday, July 11, 10 a.m.
The public is invited.
Boasting 156 residential units, this is the first private multi-family development facilitated in part by the Utah Transit Authority (UTA) to be built immediately adjacent to a UTA FrontRunner station. It is also the first transit oriented development in Layton City.
Tours of the development and grounds will be available immediately after the ceremony, including access to the rooftop patio.
Comprising approximately 2.75 acres, Kays Crossing is a 4-story development featuring 1 & 2 bedroom apartment homes constructed over a 2-level conditioned parking garage located just north of the Layton FrontRunner station platform.
The development includes a rooftop patio with putting green, two hot tubs, pool, state of the art 24-hour gym, and 2,000 square feet of street level retail.
Total construction time required 14 months.
Kay’s Crossing is a prime example of unprecedented partnerships, including a determined developer, multiple landowners, Layton City’s Redevelopment Agency, Utah Transit Authority, Zions Bank, and additional private and public institutions.
“This really was a collaborative effort, with many great individuals and agencies working hard to make this happen and get it out of the ground” says Jared Nielson, Kays Crossing developer and Manager of MV Properties.
UTA owned a portion of the land where the development is located, and worked with MV Properties to finalize the reshaping of the property and land sale.
The Layton City Redevelopment Agency committed $780,000 in Redevelopment Housing Funds to assist in the project’s financing and bring residential uses to Historic Downtown Layton.
“This is an exciting step in the redevelopment of south Main Street, and we look forward to the commercial
opportunities this will bring,” Layton City Mayor Bob Stevenson said.
Michael Allegra, UTA General Manager, explained that UTA is confident that by facilitating the adjacent development, additional riders will be generated due to both the proximity and convenience of the residential development to the rail line. Plus, the increase in associated amenities at this development that will now be available to all transit patrons.
The Utah Transit Authority plans to allow for development of more locations similar to Kay’s Crossing along FrontRunner and TRAX lines.
UTA estimates that up to 20% of the residents of the Kay’s Crossing Development will use FrontRunner to commute. “Demand for housing next to public transportation is extremely high. We are several months ahead of lease-up projections and expect to be fully occupied by end of summer,” said Nielson.
Mayor Bob Stevenson said that “This is a great
example of how Layton is leading the way with new development types to assist in improving the quality of life in Davis County and Utah.”
MV Properties is headquartered in Logan, Utah. Kay’s Crossing was constructed by Highmark Construction, Inc., of which Jared Nielson is the Vice President.