Phase 1 of The Point has started, marking visible progress on the 104-acre downtown district in Draper, Utah, USA. The Point is a planned privately delivered district designed to transform one of Utah’s most significant state-owned land assets into a long-term economic engine, gathering place and quality-of-life asset. The initial downtown core is the first chapter of a broader multi-phase, 600-acre vision for housing, jobs, retail, restaurants, entertainment, health care, innovation, parks, trails and public gathering spaces.
The Point is being delivered through a public-private partnership between TPP and the Point of the Mountain State Land Authority (The Point), the state entity overseeing the broader site. Utah retains ownership of the land, while TPP brings private-sector capital, development expertise and execution. Utah Gov. Spencer Cox joined state, local and project leaders at the groundbreaking, underscoring The Point’s role in shaping Utah’s long-term growth, economic competitiveness and quality of life.
Phase one is backed by a $165 million infrastructure investment from the Utah Legislature and a $2.3 billion private funding commitment from The Point Partners. Elements are expected to include mixed-use residential and retail buildings, a walkable street, an event center, structured parking, public spaces and infrastructure supporting future district growth. Immediate plans include:
- A 5,000-seat event center, the largest of its kind in the South Salt Lake Valley.
- A 363-unit multifamily residential complex with 42,000 square feet of ground-floor retail.
- A 2,000-foot walkable street, called The Promenade, designed to be the social heart of The Point and a destination for dining, shopping and gathering.
RIOS is leading the Phase 1 landscape design guidelines, and serving as landscape architect and design architect for The Promenade, the district’s social heart. The design weaves public space, retail, and residential life together, inspired by Utah’s mountains, seasons, and natural materials.
Naming rights partner for the event center has been announced along with other recent announcements including plans for a University of Utah Health campus happening adjacent to phase one of The Point, expected to serve as a catalytic anchor for a broader health innovation district.
Images: Courtesy of The Point Partners
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