Jefferson Ave, Ogden
Project Origin
The owner of this property was marketed to via a mailed letter campaign. Having owned this unique property close to downtown Ogden for some time, they recruited Absolute Foresight and the McCleery Company to help maximize its value.
Development Vision
The proposed project for this 1.27 acre parcel is a 26 unit condominiumized multifamily building. Though the site presents challenges with topography and historical zoning constraints, its location and proximity to the center of Ogden makes it a prime development in a redeveloping area.
Architectural Excellence
The views and terracing nature of the building will create an architectural work of art for the historical central Ogden area. The design takes advantage of the natural topography to create a unique residential experience in the heart of the city.
Strategic Location
Located in downtown Ogden's redevelopment corridor, this project positions residents at the center of the city's revitalization efforts. The proximity to downtown amenities, transportation, and employment centers makes this an attractive urban living option.
Development Challenges & Opportunities
Challenges
- Topographical constraints requiring creative engineering solutions
- Historical zoning considerations in the downtown core
- Site complexity demanding innovative design approaches
Opportunities
- Prime location in Ogden's redeveloping downtown area
- Unique views from the elevated and terraced design
- Architectural significance contributing to the area's transformation
- Urban living demand in a growing downtown market
Flexible Exit Strategy
The land owner has indicated their interest in multiple potential outcomes:
- Selling at entitlement - Maximizing value through the approval process
- Vertical development - Taking the project through construction
- Legacy holding - Retaining as a retirement investment piece
This flexibility allows for market-responsive decision making as the project progresses through development phases.
Market Position
The project represents a significant contribution to downtown Ogden's residential renaissance, offering:
- Urban lifestyle in a revitalizing downtown core
- Condominiumized ownership for long-term residents
- Architectural distinction in the historic district
- Investment opportunity in an appreciating market
Development Impact
Jefferson Ave represents more than just a residential project - it's a catalyst for downtown Ogden's continued transformation, bringing quality urban housing to the city center while respecting the area's historical character.